SACOMBANK named “Vietnam’s Best FX Bank” by Euromoney for the 3rd consecutive year

The Euromoney Awards for Excellence is one of the most prestigious recognitions in the global finance and banking industry. Established more than 30 years ago, the awards honor over 600 banks and financial institutions worldwide for outstanding business performance, agile adaptability, and exceptional innovation.

The judging panel highly valued Sacombank’s operational efficiency and customer-centric strategy in 2024. Net profit from foreign exchange activities exceeded USD 44 million, accounting for nearly 4% of total income, while the Cost-to-Income Ratio (CIR) declined to 48.8% thanks to accelerated digital transformation. FX transaction volume grew by 9%, driven particularly by online foreign currency trading via the Sacombank Pay app. The number of FX customers transacting through digital channels surged significantly - by nearly 315% among individual customers and over 44% among corporate clients - demonstrating the effectiveness of Sacombank’s comprehensive digitalization strategy.

At the same time, Sacombank continued expanding its portfolio of exchange rate and interest rate hedging products, such as forward contracts and swaps, supporting businesses in proactively managing cash flows. Notably, profit from trading in Chinese yuan (CNY) increased by nearly 79%, reaffirming the Bank’s position in cross-border payments and its sustainable growth potential in the FX market.

In 2025, Sacombank was also recognized by The Asset magazine as the Best in Treasury and Working Capital – SMEs Vietnam for the fourth consecutive year under the Asset Triple A Awards 2025, thanks to its strong business performance, comprehensive solutions for SME clients, and positive direct feedback from customers.