The judging panel highly commended Sacombank’s operational efficiency and customer-centric strategy in 2024. Net profit from foreign exchange operations exceeded $44 million, accounting for nearly 4% of total revenue, while the Cost-to-Income Ratio (CIR) dropped to 48.8% due to accelerated digital transformation. Transaction volumes rose by 9%, driven by the online currency trading service on the Sacombank Pay app. The number of FX transactions via digital channels surged, with a 315% increase among individual customers and a 44% rise among corporate clients, highlighting the success of the bank’s comprehensive digitization strategy.
Simultaneously, Sacombank expanded its risk management product portfolio, including forward contracts and swaps, enabling businesses to proactively manage cash flow. Notably, profits from Chinese yuan (CNY) transactions grew by nearly 79%, solidifying Sacombank’s position in cross-border payments and sustainable growth in the foreign exchange market.
In 2025, Sacombank was also recognized for the fourth consecutive year by The Asset magazine as “Best in Treasury and Working Capital SMEs Vietnam” at The Asset Triple A Award 2025. This accolade underscores the bank’s excellence in business performance, SME support solutions, and positive customer feedback.
SeABank Embraces Green Operations, Championing Environmental Awareness for Net-Zero Goals
In its pursuit of sustainable growth and commitment to reducing carbon emissions, SeABank is accelerating its “green transformation” by optimizing operations and processes, while also implementing eco-friendly initiatives to foster a collective environmental consciousness.
Da Nang Transitions to Contract Households: VNPAY Supports Digital Invoicing and Payments
On November 12, 2025, VNPAY and the Da Nang Tax Department signed a cooperation agreement to launch the “60-Day Campaign,” aimed at assisting businesses in transitioning from lump-sum tax to self-assessment. This initiative also promotes cashless payments and the adoption of digital solutions in tax management.
Ho Chi Minh City Hosts Autumn Economic Forum 2025: “Green Transformation in the Digital Age”
On the morning of November 14th, the Ho Chi Minh City People’s Committee held a press conference to announce the 2025 Autumn Economic Forum, themed “Green Transformation in the Digital Age.”
Vietnam’s $258 Billion Protection Gap: Healthcare Costs Outpacing Income Growth
The Swiss Re Institute estimates that Asia faces a staggering $258 billion health protection gap. For Vietnamese citizens, this reality hits close to home: a shocking 40% of healthcare expenses are paid out-of-pocket, and a single cancer case can cost an average of over 176 million VND annually.
Exposing the Multi-Billion Dong Embezzlement Scheme by a Bank Officer in Ho Chi Minh City
With a forged promissory note, the bank officer embezzled a staggering 5 billion VND from the borrower’s account.
