On 23 June 2009, Sacombank became the first Vietnamese bank to open in Cambodia. In pioneering the entry into the Cambodian banking sector, Sacombank Phnom Penh has contributed to an increase in cross-border trade between Cambodia and Vietnam. Many bank services were provided, such as, international remittance, consumer loan, business loan, guarantee, deposits, to all Cambodian enterprises and individuals as well as Vietnamese community in Cambodia and Vietnamese companies investing in Cambodia. After two years operating in free market in Cambodia, Sacombank Phnom Penh branch has transformed into the 100% foreign-owned bank – Sacombank Cambodia PLC with the expectation of building a long-term and sustainable linkage with Cambodia.
05th October 2011, Cambodia: Sai Gon Thuong Tin Commercial Join Stock Bank (Sacombank) announces the opening of the 100% foreign-owned Sacombank Cambodia in Phnom Penh. The new bank has received approval from the National Bank of Cambodia and supported by the State Bank of Vietnam,. This is an important milestone that opens a new era in regional business development and expansion of Sacombank in Indochina. It also contributes to an increase in cross-border trade between Vietnam and its neighboring countries.
Sacombank Cambodia is a Cambodian-registered bank and thus comes under the legal jurisdiction of the Kingdom of Cambodia in terms of capital requirements, accounting system and statutory reporting.
CORPORATE & SME BANKING
OTHER PRODUCTS AND SERVICES
Transaction name: SACOMBANK CAMBODIA PLCAddress: 60 Preah Norodom Blvd, Sangkat Chey Chumneas Ward, Khan Daun Penh District, Phnom Penh, Cambodia. Tel: (855)-23 22 34 22 - Fax (855) 23 22 34 33