Sacombank has received the 2022 Treasury & FX Awards from Alpha Southeast Asia (Hong Kong) magazine for ‘Best FX Bank for Corporates and Fls in Viet Nam’.

It is for a third consecutive year that Sacombank is winning the award, whose criteria include market share, transaction volumes, product diversity, network, liquidity, hedging solutions, competitive pricing, and professionalism in sales.

Sacombank provides a wide range of foreign exchange services to individual and corporate customers through its wide transaction network covering 52 of the country’s 63 provinces and cities and Laos and Cambodia, and its online channels such as Internet Banking and Mobile Banking.

The bank has in recent years relentlessly invested in technology, especially online banking solutions, to enhance the experience of individuals and corporate customers in forex trading.

It also has other strengths such as abundant foreign currency liquidity and multiple currency payments, ability to meet all trading needs in spot, forward, swap, and options transactions in a timely manner and at competitive rates, flexibility, and simple procedures.

In addition to traditional foreign exchange transactions, Sacombank also provides commodity derivative solutions to offer corporate customers more tools and solutions to hedge the risk of commodity price fluctuations with a series of preferential policies on transaction fees.

Sacombank analysts keep a close eye on market developments and provide customers with timely updates on trends and business orientations.

Thanks to its consistent and effective strategy, Sacombank's foreign exchange business has enjoyed strong growth in recent years, and it is one of the leading banks in terms of transaction volumes and profits in this segment in Viet Nam.

Sacombank has also won two awards, for Most Innovative Retail Bank Vietnam and Best Digital Transformation Bank Vietnam, for 2022 from the International Business magazine for its outstanding innovations in business activities and digital transformation for a second straight year.

Despite the tough market conditions, Sacombank maintained steady all-round growth in the first half of the year, achieved key targets under a restructuring programme and breakthroughs in the digitisation of its banking activities.

It innovates ceaselessly and has launched digital solutions and online utilities in line with market trends, including the one-chip integrated card technology, email transactions using digital signatures, and a service that allows corporate customers to open accounts online (using eKYC technology).

It is also building omni-channel banking to increase utilities and bring a seamless and full experience to customers. — VNS