Sacombank and HFIC partner to drive socio-economic development in Ho Chi Minh City

Sacombank representative, Mr. Huynh Thien Phu (Director of Business Development Center), signed the cooperation agreement with HFIC alongside representatives from other banks. 

This collaboration is part of efforts to implement Resolution No. 98/2023/QH15 of the National Assembly on piloting specific mechanisms and policies for HCMC development and Resolution No. 09/2023/NQ-HĐND of the city’s People’s Council concerning syndicated loans for investment projects in prioritized socio-economic development sectors. 

Under the agreement, Sacombank and HFIC will provide funding for key areas such as high technology, digital transformation, healthcare, education and training, culture, and sports. The two parties will also explore and implement measures to help businesses access preferential policies and collaborate in mobilizing resources and developing critical infrastructure projects.

Delegates from participating banks celebrate the success of the event.  

This partnership marks a new milestone in the relationship between Sacombank and HFIC, leveraging the strengths of both parties to drive growth, enhance operational efficiency, and contribute to the sustainable development of the city. Sacombank is committed to providing HFIC and participating businesses with modern and convenient financial solutions to support their operations effectively. 

With a mission to foster development, Sacombank continuously strives to deliver outstanding value to its customers and the community. Previously, the bank collaborated with the Ho Chi Minh City Public Transport Management Center to implement an Open-loop payment technology solution for the city’s public bus, river bus, and buggy systems, scheduled to launch in early 2025. This initiative aims to provide seamless payment options for the city’s public transportation system while contributing to digital transformation and promoting technological advancements as a new growth driver.