Sacombank leads in foreign exchange and capital markets for four consecutive years

This prestigious recognition was based on stringent criteria, including business performance, the bank’s ability to deliver tailored financial solutions for small and medium-sized enterprises (SMEs), and positive customer feedback. The achievement highlights Sacombank’s long-term strategy of sustainable development, especially in empowering the business community - particularly SMEs - to optimize their financial operations and navigate economic challenges.

Founded in Hong Kong in 1999, The Asset is a highly respected publication within Asia’s financial community, with a readership comprised mainly of business leaders and economic experts. Its awards are widely regarded as a benchmark for excellence among leading financial institutions across the region.

Over the past year, Sacombank has made notable strides in the foreign exchange and capital markets, especially in supporting SMEs through economic volatility. The bank introduced forward contract solutions to help importers hedge against exchange rate risks, with 95% of customers who used this solution saving costs during the USD/VND rate increase. Sacombank also launched cross-currency swap (CCS) solutions for import-export SMEs, leveraging the VND-USD interest rate differential to lower costs and stabilize cash flows. In addition, the bank enhanced cross-border trade payments in Chinese Yuan (CNY), providing superior liquidity even amid market disruptions - thanks to its extensive network of payment partners at border gates and checkpoints.

These proactive initiatives have cemented Sacombank’s position as a trusted strategic partner for SMEs in managing capital and mitigating foreign exchange risks, thereby contributing meaningfully to economic stability and sustainable growth.