Sacombank received the second-class Labor Medal on the occasion of its 30th Anniversary

22/12/2021

On December 21, 2021, Sacombank was honoured to receive the Second-class Labour Medal and Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO of Sacombank was honoured to receive the Third-class Labour Medal from the President of the Socialist Republic of Vietnam. This is a meaningful recognition for outstanding achievements in business activities, digitization of operation processes and social charity work for many years, contributing to the cause of building socialism and defence the Fatherland of Sacombank and Ms. Nguyen Duc Thach Diem on the occasion of Sacombank's 30th anniversary (December 21, 1991 - December 21, 2021).

On the same day, the State Bank of Vietnam awarded the Emulation Flag to Sacombank for its excellent achievements, leading the banking industry emulation movement in 2020. At the same time, the People's Committee of Ho Chi Minh City awarded the Traditional Flag for Sacombank for its excellent achievements over the years; Ho Chi Minh City badge for Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO for her outstanding achievements in completing tasks for many consecutive years, actively contributing to the cause of building and protecting Ho Chi Minh City; Certificate of Merit for Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO, Mr. Phan Dinh Tue - Deputy CEO, Mr. Le Duc Thinh - Deputy CEO for their significant contributions in the operation and development of Sacombank for many years.

The 30th anniversary of establishment and receipt of the Second-class Labour Medal of Sacombank took place in a dignified and warm atmosphere.

Mr. Duong Cong Minh - Chairman of Sacombank's Board of Directors shared that, the first two decades Sacombank had created a sustainable foundation so that the next 10 years we would have enough confidence to overcome challenges, reap new successes and continue to assert ourselves as leading bank in the financial and banking market.

Ms. To Thi Bich Chau - Member of the Standing Committee of the City Party Committee, Chairwoman of the Vietnam Fatherland Front Committee of Ho Chi Minh City awarded the second-class Labour Medal of the President of the Socialist Republic of Vietnam to Sacombank.

In 2021, Sacombank will continue to develop in the direction of safety, efficiency and bring sustainable values to customers, shareholders, society, and employees. In the context of the Covid-19 pandemic impacts negatively on the economy, thanks to flexible policies as well as the spirit of accompanying customers, Sacombank's business targets still growth. The Bank focuses on raising capital by diversified method, especially mobilizing sources from economic organizations and residents with a variety of products and utilities according to modern technology trends; at the same time, constantly promoting the investment portfolio with the customer loan structure taking the leading role, focusing on developing retail lending with professional interest rates for each customer segment in many fields. In additional, credit quality is strictly controlled to reduce risks and enhance efficiency. With the restless development of technology, Sacombank continues to invest in digitizing the operation and business platform to optimize operations as well as improve the customer experience of a convenient and modern ecosystem of products and services.

Mr. Truong Tan Sang - Former Member of the Politburo, Former President of the Socialist Republic of Vietnam and Ms. To Thi Bich Chau - Member of the Standing Committee of the City Party Committee, Chairman of the Vietnam Fatherland Front Committee of Ho Chi Minh City congratulated Sacombank on receiving the Second-class Labour Medal.

Mr. Duong Anh Duc - Member, Vice Chairman of Ho Chi Minh City People's Committee awarded the Third Class Labour Medal of the President of the Socialist Republic of Vietnam to Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO of Sacombank

Mr. Dao Minh Tu - Standing Deputy Governor of the State Bank of Vietnam awarded the Emulation Flag to Sacombank for outstanding achievements, leading the emulation movement of the banking industry in 2020.

Mr. Duong Anh Duc - Member, Vice Chairman of Ho Chi Minh City People's Committee awarded the Traditional Flag to Sacombank for excellent achievements in building and developing the business unit continuously for many years.

After nearly 5 years focusing on restructuring, Sacombank has completely solved most of the existing problems, exceeded the progress of key goals and is making breakthroughs to complete the project ahead of schedule. Specifically, Sacombank has restructured operational apparatus, improved management and administration capacity; comprehensively restructured the network in depth, creating momentum for business breakthroughs; drastically handle bad debts, actively restructured the asset portfolio; business development to create resources for provisioning and allocation of financial backlog; restored position, increased brand reputation, improved credit rating.

Ms. To Thi Bich Chau - Member of the Standing Committee of the Ho Chi Minh City Party Committee, Chairwoman of the Vietnam Fatherland Front Committee of Ho Chi Minh City awarded the Ho Chi Minh City Badge to Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO for having had excellent achievements in completing tasks for many years in a row, actively contributing to the cause of building and protecting Ho Chi Minh City

Mr. Duong Anh Duc - Member, Vice Chairman of Ho Chi Minh City People's Committee awarded the Certificate of Merit of the People's Committee of Ho Chi Minh City to Ms. Nguyen Duc Thach Diem - Member of the Board of Directors cum CEO, Mr. Phan Dinh Tue - Deputy CEO and Mr. Le Duc Thinh - Deputy CEO for the significant contributions in building and developing Sacombank continuously for many years.

In addition to maintaining annual community-oriented programs such as "Spring Warmth", "Nurturing Dreams" scholarships, "Steps for the community", blood donation, and support for people who affected by natural disasters… Sacombank will also dedicate a lot of resources to accompany the prevention and remedy of the consequences of the Covid-19 pandemic and social security work as launched by the Government, the State Bank of Vietnam, in cooperating with organizations such as Fatherland Front Committee, People's Committee, Ministry/Department of Health, Ministry/Department of Education and Training, Vietnam Young Entrepreneurs Association, Red Cross and other funds in 2021.

Mr. Dao Minh Tu - Standing Deputy Governor of the SBV highly appreciated Sacombank's achievements for restructuring efforts, contributing positively to the development of the industry in particular and the economy in general.

Happy 30th birthday of Sacombank!

Together with the sustainable foundations in banking technology, financial capacity, operational network and quality of human resources, Sacombank is converging enough conditions to make a breakthrough in the coming years, affirming its position as one of the leading joint stock commercial banks in Vietnam.