Sacombank and Bamboo Airways cooperate comprehensively

Attending the event, there were Mr. Duong Cong Minh - Chairman of the Board of Directors of Sacombank; Mr. Pham Van Phong – Standing Vice Chairman of the Board of Directors of Sacombank; Mr. Nguyen Van Huynh - Independent member of the Board of Directors of Sacombank; Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO of Sacombank and other representatives of the bank's leadership.

About Bamboo Airways and the Bamboo Airways ecosystem, there was the presence of Mr. Trinh Van Quyet - Chairman of the Board of Directors of FLC Group and Chairman of the Board of Directors of Bamboo Airways; Ms. Huong Tran Kieu Dung – Standing Vice Chairman of the Board of Directors of FLC Group and Vice Chairman of the Board of Directors of Bamboo Airways; Ms. Bui Hai Huyen – General Director of FLC Group; Mr. Dang Tat Thang - General Director of Bamboo Airways and representatives of the airline's board of directors.

Ms. Nguyen Duc Thach Diem - member of the Board of Directors cum CEO of Sacombank and Mr. Dang Tat Thang - General Director of Bamboo Airways signed a cooperation agreement under the witness of leaders of the both parties.

Strategic partner

At the event, the leaders of Sacombank and Bamboo Airways officially signed a comprehensive cooperation agreement to become a strategic partner in investment, production, business, providing products and services, etc. in order to make the best use internal strengths of each party in the relevant areas.

Specifically, according to the signed agreement, Sacombank provides corporate financial services related to credit, bank guarantee, domestic and international payment services, cash flow management, foreign exchange services, etc. exchange… to meet the production and business needs of Bamboo Airways as well as its ecosystem.

With the advantage of being one of the leading joint-stock commercial banks in Vietnam, possessing a system of modern and diversified products and services, and a highly qualified staff, Sacombank will contribute to corporate with Bamboo Airways to save time and human resources, optimize costs and be proactive in cash flow management.

Along with providing solutions for businesses, Sacombank also provides personal financial services for employees of Bamboo Airways ecosystem with attractive incentives. Sacombank will prioritize using Bamboo Airways' services and related ecosystem in internal operations.

On the side of Bamboo Airways, with the largest domestic flight network, the rapidly expanding international flight network and 5-star service quality, the airline will step up to provide Sacombank with passenger transportation services, goods, tourism combined with conferences, golf events, ... and other commercial services in the ecosystem under special priority policies, contributing to creating favorable conditions for smooth business activities in Vietnam and in the region of the Bank.

Taking advantage of the unique aviation-resort-golf ecosystem, Bamboo Airways is committed to designing and implementing its own policies in line with Sacombank's great customer needs, establishing a foundation for Sacombank, allowing Sacombank to develop and diversify products and services with attractive incentives for loyal customers.

Bamboo Airways coordinates in communication to promote partners' products and services on channels of Bamboo Airways ecosystem, bringing Sacombank's brand image to widely reach tens of millions of domestic and foreign customers every year.

With a large network of domestic and foreign partners and a system of nearly 5,000 agents nationwide, Bamboo Airways and the Bamboo Airways ecosystem promise to bring Sacombank a potential market to expand its customer base, increase irevenue from marketing activities, cross-selling and promoting Sacombank brand.

In particular, Sacombank's leading banking service system combined with Bamboo Airways' high-class ecosystem will maximize the benefits for customers and common partners of both parties, through products and special services are integrated or linked between the two ecosystems in the near future.

“Two brands, million values”

Mr. Duong Cong Minh - Chairman of Sacombank's Board of Directors gave speech at the event

Speaking at the event, Mr. Duong Cong Minh - Chairman of Sacombank's Board of Directors said: “Sacombank has a customer base of more than 14 million and is one of the banks with the largest customer ecosystem in Vietnam. With the motto "Always strive to serve customers in the best way", Sacombank constantly researches and creates the most modern, versatile and optimal financial products, services and solutions for customers. Once being comprehensively cooperated with Bamboo Airways - a newly launched airline with impressive achievements thanks to the spirit of dedication and responsibility to customers, I expect the both parties to corporate together according to the criterion of "Two brand – Million value”, bringing many practical benefits to customers, shareholders and the whole economy”.

Mr. Trinh Van Quyet - Chairman of the Board of Directors of FLC Group cum Chairman of the Board of Directors of Bamboo Airways given speech at the event

Mr. Trinh Van Quyet - Chairman of the Board of Directors of FLC Group and Chairman of the Board of Directors of Bamboo Airways said: "Bamboo Airways' goal is to build closed "ecosystems", closely connecting tourism and aviation across Vietnam, especially in potential areas which has not or been diggest. This ecosystem is also an advantage for Bamboo Airways to promote pioneering associated products and services with outstanding costs and utilities, one of the important "keys" to catch the market in the near future. This also means unlimited potential for cooperation, bringing many long-term and sustainable benefits to customers and partners in the

Once Sacombank's leading financial products and services connect with Bamboo Airways' high-end tourism and aviation service ecosystem, consumers will first benefit from long-term and sustainable benefits, and then business opportunities are wide open, with many practical meanings for the two businesses themselves, Mr. Trinh Van Quyet emphasized.

On the basis of this cooperation relationship, Sacombank and Bamboo Airways - Bamboo Airways Ecosystem both expect to bring to the market attractive promotional activities, versatile and modern integration products. In the near future, it is expected that the two sides will launch a linked credit card that will bring a series of special benefits with the best service experience for common customers.

*About Sacombank:

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) was established on December 29, 1991. Over 29 years of construction and development, Sacombank has risen to become one of the leading joint stock commercial banks in Vietnam, providing comprehensive, versatile and modern financial solutions to customers.

By the end of 2020, Sacombank has total assets of nearly VND 493,000 billion, a customer base that regularly transacts up to 7 million customers, a specialized workforce of more than 18,000 people, and a large network of up to nearly 570 transaction points in 52 provinces of Vietnam and two countries Laos and Cambodia.

Recently, the bank was honored to be in the Top 500 Largest Banking Brands in the world, Top 10 prestigious Vietnamese Commercial Banks and a series of domestic and foreign titles and awards such as the Gold Brand Award in Ho Chi Minh City, voted by the People's Committee of Ho Chi Minh City, Department of Industry and Trade and Saigon Economic Times, the award "Best Bank in Vietnam 2020" voted by The Asset magazine and the award "Sacombank Digitalisation Strategy” voted by NGO Enterprise Asia (Malaysia).

Most recently, Sacombank was upgraded its long-term deposit rating from Caa1 to B3 by international credit rating agency Moody's with stable outlook, at the same time, upgraded its baseline credit assessment (BCA) and adjusted BCA to Caa1 from Caa2 based on efforts to improve asset quality, handle bad debts and outstanding assets according to the strategic restructuring roadmap. According to Moody's, since the merger period, Sacombank's ownership structure and banking governance have improved dramatically and become more transparent than before.

*About Bamboo Airways:

Providing 5-star oriented aviation services, Bamboo Airways is operating commercially on more than 60 domestic routes, the largest in the industry in terms of scale; transporting more than 7 million passengers in absolute safety; with the highest punctuality rate in Vietnam's aviation industry for 3 consecutive years by 2021.

Bamboo Airways' service quality is voted by consumers, domestic and international media as the best airline in Vietnam, the leading regional airline in Asia, the most favourete airlines of golfers…

Bamboo Airways' diverse ecosystem covers many core areas of the economy such

Bamboo Airways' diverse ecosystem covers many core areas of the economy such as tourism, resorts, real estate, etc. A chain of 5-star resort complexes with 6,000 hotel rooms at scenic spots and beaches. The most beautiful in Vietnam, synchronously invested, bringing strong economic spillover effects. A system of 7 golf courses, nearly 130 golf holes overlooking the sea was voted the top most beautiful golf course in the world. Commercial real estate project fund on more than 2,000 hectares, including more than 3,000 apartments, nearly 1,000 villas, nearly 5,000 townhouses and shophouses, more than 50 mini hotels... Besides being a service provider of tourism, travel and events, fund distributor of digital products for investment, resort, aviation, golf... and many other important economic fields, forming a diversified and complete ecosystem.

---

For detailed information, please kindly contact:

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)

Ms. Nguyễn Như Quỳnh

SĐT: +84946686878

Bamboo Airways

Ms. Lê Hoài Thu

SĐT: +84906219298