SACOMBANK and Vingroup sign comprehensive strategic cooperation agreement

The signing ceremony was attended by senior leaders from both sides. Representing SACOMBANK were Mr. Faussier Loic Michel Marc – Acting CEO, Mr. Đào Nguyên Vũ – Deputy CEO, Mr. Nguyễn Minh Tâm – Deputy CEO, Mr. Trần Anh Việt – Member of the Board of Management, along with leaders of various Divisions and Regions. Representing Vingroup were Mr. Nguyễn Việt Quang – Vice Chairman of the Board of Directors and General Director, Mr. Nguyễn Thế Anh – Director of Group Capital, and representatives from relevant units.

Mr. Faussier Loic Michel Marc – Acting CEO of SACOMBANK (left) and Mr. Nguyễn Việt Quang – Vice Chairman of the Board of Directors and General Director of Vingroup (right) perform the signing ceremony, witnessed by senior representatives from both organizations.

In the context of Vietnam’s economy maintaining stable growth momentum, the demand for medium- and long-term capital for large-scale projects continues to rise, especially in industry, technology, and infrastructure. At the same time, the digitalization of finance, cash flow management, and the development of integrated platforms have become key focuses in the strategies of major corporations. The cooperation between SACOMBANK and Vingroup is expected to effectively address these needs, contributing to the development of Vietnam’s financial-banking market and corporate ecosystem.

Under the agreement, the two parties will collaborate to research and gradually implement comprehensive financial and banking solutions provided by SACOMBANK to Vingroup, its subsidiaries, affiliated companies, and units within the Group. Key areas include financing and credit solutions for key investment projects and production and business activities; centralized payment and cash flow management solutions to optimize capital efficiency and enhance financial control; supply chain financing programs for suppliers, partners, dealers, and customers; and preferential financial policies for the Group’s leadership and employees. Both parties also aim to jointly develop integrated financial products within the Vingroup ecosystem, thereby improving customer experience and creating synergistic value.

The strategic cooperation between SACOMBANK and Vingroup not only creates new growth opportunities for both parties but also strengthens the linkage between the financial-banking sector and key economic industries.

As part of the cooperation, SACOMBANK will also prioritize the use of Vingroup’s products and services, including those related to transportation, healthcare, hospitality, and other offerings within the Group’s ecosystem.

At the signing ceremony, Mr. Faussier Loic Michel Marc – Acting CEO of SACOMBANK, stated: “We believe that the combination of SACOMBANK’s financial and banking capabilities and Vingroup’s scale of operations will create strong synergistic value, not only for both parties but also for the entire business ecosystem and customers. SACOMBANK aspires to be more than just a financial service provider; we aim to be a strategic partner accompanying Vingroup in developing tailored integrated solutions that match its operational characteristics, thereby enhancing long-term operational efficiency and customer experience.”

Mr. Nguyễn Việt Quang – Vice Chairman of the Board of Directors and General Director of Vingroup, shared: “We always value partnerships with reputable financial institutions to enhance governance efficiency and optimize resources within the Group. Our cooperation with SACOMBANK will help diversify financial solutions, strengthen connectivity among stakeholders in the value chain, and support key investment and development programs in the coming period.”

The signing of the strategic cooperation agreement between SACOMBANK and Vingroup not only opens up new development opportunities for both parties but also contributes to strengthening the connection between the financial – banking sector and key economic industries. This partnership supports sustainable growth and enhances the competitiveness of Vietnamese enterprises in the context of international economic integration.

About SACOMBANK

Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) is one of Vietnam’s leading joint-stock commercial banks, with a network of more than 535 transaction points across Vietnam, Laos, and Cambodia. The Bank is oriented toward developing a modern, multi-functional retail banking model, strongly promoting digital transformation and providing comprehensive financial solutions for individual and corporate customers.

About Vingroup

Vingroup is Vietnam’s leading multi-sector private economic group and one of the largest in the region. The Group operates in key fields including technology and industry, trade and services, infrastructure, green energy, social philanthropy, and culture. With its extensive scale of operations and commitment to sustainable development, Vingroup plays a pivotal role in driving consumption trends, fostering innovation, and enhancing the position of Vietnamese enterprises in regional and international markets.