Vision
To be the first modern multi-functional retail bank in Indochina.

Mission
To maximize value for customers, investors and staff and upholding our highest commitment to corporate social responsibility

Core Values

• Pioneering
  Sacombank will lead or initiate new growth areas when faced with challenges.
• Novel, Dynamic and Innovative
  Sacombank believes that change is a constant and is also the force of development. The bank must adopt new and creative thinking that will dynamically transform challenges into opportunities.
• High Commitment
  Sacombank commits that all staff will continuously improve, by means of training and development to ensure that they consistently exercise professionalism in providing the highest service quality to its customers and partners.
• Social Responsibility
  Sacombank lives by its slogan of “Serving the Nations” and that corporate social responsibility is deeply embraced by every staff member.
• Making a Difference
  Sacombank believes in making a difference in all aspects of its operations thereby creating optimal competitive advantage.

Historical Milestones

1991: Formed from the merger of community credit institutions. Sacombank was among the first joint stock banks incorporated in Hochiminh City.
1993: Opened its branch office in Hanoi. It was the first bank to provide express remittance service between Hanoi and HCM. The service has greatly reduced physical cash transactions in Vietnam’s two largest cities.
1995: Held the unusual general shareholder meeting to restructure the Bank and drew up its first 5-year Strategic Plan. Mr. Dang Van Thanh was appointed as the Chairman. This event marked a significant milestone for Sacombank.
1997: Issued shares at par value of VND 200,000 per share, and became the first bank to make public offering. The Bank’s shares attracted almost 9,000 shareholders, and increased its chartered capital to around VND 71 billion.
1999: Inaugurated its Head Office at 278 Nam Ky Khoi Nghia, District 3, HCMC.
2001: Dragon Financial Holdings (UK) took a 10% equity stake of the bank. This paved the way for subsequent capital contributions, from the International Finance Corporation (IFC) of World Bank in 2002, and ANZ Bank in 2005. The bank was able to leverage from the management experience, banking technology, risk management, staff training and development through its cooperation with these strategic shareholders.
2002: Set up its first subsidiary, namely Sacombank Asset Management (Sacombank-SBA), initiating the first cross-selling of package banking services.
2003: It is the first company to receive permission to establish a Join Venture Securities Investment Fund (VietFund Management – VFM). It is a join venture between Sacombank (51% ownership) and Dragon Capital (49% ownership).
2004: Signed a contract with Swiss-based Temenos Company to use the T-24 core banking system in all its branches to improve the Bank’s operation, management, and e-banking service provision.
2005: Opened Eighth of March Branch, Vietnam’s first bank for women entrepreneurs.
2006:

• First Vietnamese bank to be listed on the HOSE with a chartered capital of VND 1,900 billion.
• More subsidiaries were set up, namely Sacombank Remittance Express (Sacombank-SBR), Sacombank Leasing (Sacombank-SBL), and Sacombank Securities (Sacombank-SBS).

2007:

• Set up the Hoa Viet Branch to serve the Vietnam’s Chinese speaking community.
• Expanded its operation network in the Southwest, Southeast, Southern Central Region & Western Highlands.

2008:

• In March, the Bank built the region’s most advanced data centre to store computerized records and files.
• In November, Sacombank Jewelry (Sacombank-SBJ) was set up.
• In December, a branch was opened in Laos. Sacombank was the first Vietnamese bank to have an overseas office.

2009:

• In May, Sacombank was rated a “gold” stock by the financial market. It has been a blue-chip since listing on the HOSE and has attracted many local and foreign investors.
• In June, a branch was opened in Phnom Penh. The bank achieved its aim of expanding into Indochina to support cross border enterprises of Vietnam, Laos, and Cambodia.
• In September, the bank upgraded the core banking system from Smartbank to T24 R8 in all its transaction offices.

2010: It has successfully completed all 2001-2010 targets, with a growth rate of 64% per year. Building a firm foundation while making necessary changes in the restructuring process, the Bank is now taking actions to achieve the 2011 - 2020 targets.

BUSINESS PLAN IN YEAR 2011

Non-financial objectives
In the year 2011, Sacombank shall channel its resources to:

• Improve adaptability and competitiveness,
• Enhance its competitiveness,
• Strengthen and improve its service quality, and
• Enhance operational efficiency. In order to accelerate its growth for 2011-2015, the bank shall steer its business units and staff towards capacity enhancement, creativity, self-discipline and accountability. It is aimed to provide a positive “push” and “pull” forces in the customer and product profitability and to achieve Business Efficiency and Secured Sustainable Growth.

Key financial targets

Operational safety indicators