Sacombank Addresses Rumors of No Year-End Bonuses for Employees

On January 27th, social media buzzed with reports claiming that Saigon Thuong Tin Commercial Bank (Sacombank) would not be paying year-end bonuses to its employees this year.

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This information has been circulating in various groups, sparking concern among many Sacombank employees.

A fake announcement circulating on social media

On the afternoon of January 27th, a reporter from Bao Nguoi Lao Dong contacted a senior leader at Sacombank. The leader confirmed that the information regarding the bank not paying year-end bonuses to employees is false.

They also stated that Sacombank’s business operations are proceeding as usual. Year-end bonus payments for employees are conducted in accordance with the bank’s regulations. However, the bonus amount varies depending on the bank’s business performance and the employees’ competitive achievements.

Previously, Sacombank reported a pre-tax profit of 7,628 billion VND for 2025, a 40% decrease compared to the same period last year, equivalent to 52% of the plan assigned by the Shareholders’ Meeting.

Sacombank attributed the profit decline not to core business activities but to a significant increase in provisions for credit risk.

Specifically, in 2025, the bank set aside a total provision of 11,300 billion VND, while the cumulative provision for the first nine months was only over 2,151 billion VND. Thus, in the fourth quarter of 2025 alone, Sacombank’s credit risk provision surged to more than 9,000 billion VND.

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