Sacombank received the award from Euromoney

17/11/2023

Sacombank is the only Vietnamese joint-stock commercial bank recently honored by Euromoney magazine as 'The Best FX Bank Rest of the World - Vietnam' during the Euromoney Foreign Exchange Awards 2023 ceremony. This event witnessed the participation of financial institutions from nearly 100 countries worldwide. This marks Sacombank's third recognition this year for its positive contributions to the foreign exchange market and breakthroughs in enhancing customer experience.

The award bestowed by Euromoney magazine is among the most prestigious accolades in the global finance and banking industry. It is determined by a distinguished jury panel through a rigorous and comprehensive evaluation process, recognizing financial institutions and investment banks for their outstanding achievements in customer-oriented business.

In the context of Vietnam's increasing integration into the global economy and its selection as an investment destination by major countries, Euromoney highly appreciates Sacombank's understanding of policies and market developments. The bank deploys comprehensive foreign exchange solution packages and multi-platform trading systems that support businesses throughout the digital process, saving time, optimizing profits, and managing risks effectively.

Sacombank possesses abundant foreign currency liquidity, multi-currency payment capabilities, and an extensive transaction network in Vietnam, Laos, and Cambodia. Coupled with a modern, safe, and secure technology platform, the bank meets customers' spot, forward, swap, and option transaction needs quickly and efficiently. The bank offers competitive exchange rates, flexible timelines, and simple procedures.

Continuously investing in technology development, especially online transaction solutions, Sacombank aims to improve and enhance the overall customer experience in banking transactions, with a focus on foreign exchange. The online FX program, integrated with Internet Banking and Mobile Banking systems, supports online price setting with real-time updates from connected global price sources. Sacombank also assists customers in finalizing agreed exchange rates or notifies them when the exchange rate reaches the desired level — a useful solution for import and export payments.

In 2023, Sacombank received additional recognition, being voted by Global Banking & Finance Review magazine (UK) as the 'Best Forex Bank in Vietnam' and by The Asset magazine (Hong Kong) as the 'Bank with the Best Foreign Exchange and Capital Market Activities in Vietnam.' These awards were granted based on criteria such as market share, transaction volume, product diversity, network, liquidity, risk prevention solutions, competitive prices, and a professional sales team.

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