SACOMBANK Renamed to Saigon Treasure Bank

Accordingly, Sai Gon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) has officially been renamed Saigon Treasure Commercial Joint Stock Bank. The Vietnamese abbreviated name is Saigon Treasure Bank, while its English name is Saigon Treasure Commercial Joint Stock Bank, with the English abbreviation remaining SACOMBANK.

The new name not only preserves the brand values that the Bank has built over more than three decades but also reflects its strategic direction for the next phase of development. “Saigon” represents the dynamic, pioneering, and globally integrated spirit that gave rise to the SACOMBANK brand. “Treasure” symbolizes strong financial capability, prosperity, and the sustainable value that the Bank strives to create for its stakeholders. Together, the new name embodies SACOMBANK’s aspiration for prudent, effective, and sustainable growth while maximizing benefits for shareholders, customers, partners, and the broader community.

SACOMBANK affirmed that the change of its trade name does not affect its business operations or any lawful rights and interests of customers, partners, and shareholders. The name change plan was previously approved by SACOMBANK’s Annual General Meeting on 22 April 2026.

Established in 1991, SACOMBANK has continuously expanded its scale, network, and operational capabilities, gradually reinforcing its position as one of Vietnam’s leading modern retail banks. In 2026, the Bank entered a new phase of transformation through the strengthening of its senior leadership team and the implementation of a series of initiatives aimed at restructuring operations, enhancing safety indicators, improving operational efficiency, and building a more modern, agile, and adaptive organization. SACOMBANK has also introduced a new logo and brand identity and unveiled a new brand ambassador. The change of its trade name represents the next step in the Bank’s brand repositioning journey, laying the foundation for long-term growth amid an increasingly competitive and rapidly evolving banking landscape.

In the coming period, SACOMBANK will continue implementing initiatives to align its new brand identity across the entire system, enhance customer experiences, and move closer to its goal of becoming Vietnam’s No. 1 Retail Bank.