BNP Paribas and Sacombank sign cash services agreement

The Ho Chi Minh City branch of BNP Paribas has signed a cash management service agreement with Vietnam’s Saigon Thuong Tin Commercial Joint-Stock Bank Sacombank. The new agreement will mean that BNP Paribas’ local and multinational customers will have access to cash management services throughout Sacombank’s nationwide network of more than 299 transaction offices and branches.

“The partnership with Sacombank will allow us to expand our cash management offerings in Vietnam through its extensive branch networks and local capabilities,” said Jacques Levet, head of international cash management at BNP Paribas, in a statement. “Our customers in Vietnam will be able to make use of our partner bank’s network, notably...