Sacombank is The Best in foreign exchange service, voted by The Asset01/06/2023
On March 2023, Sacombank was also recognized as "Best Forex Bank Vietnam 2023” -" by the Global Banking & Finance Review (UK) thanks to its large market share, high transaction volume, diversified products, wide network, abundant liquidity, flexible hedging solutions, competitive pricing policy and professional sales team.
Sacombank has the strength of abundant foreign currency liquidity, multi-currency payment capability along with an extensive transaction network in Vietnam, Laos, Cambodia and a modern, safe and secure technology platform. It thus meets all customers’ trading needs in spot, forward, swap, and options transactions in a timely manner and at competitive rates and with flexibility and simple procedures. In 2022, Sacombank served the monetary needs of more than 200,000 SMEs across Vietnam total foreign currency trades worth more than USD18 billion, along with outstanding incentives.
Sacombank continuously invests in technology development, especially online transaction solutions to improve and enhance customer experience in banking in general and forex transactions in particular. Typically, the online FX program, which is integrated with Internet Banking and Mobile Banking systems, supports online price fixing with a price source connected globally, so the exchange rate is updated in real time. Sacombank also supports customers to close the agreed exchange rate or notify when the exchange rate reaches the desired level. This is one of useful solutions for import-export payment when Vietnam's import-export turnover is in a positive growth trend.
Thanks to the synchronous and effective strategy, Sacombank's FX business has always grown strongly over the years and is one of the leading banks in terms of transaction volume and profit in this field in the Vietnamese market.