Sacombank is Vietnam’s leading FX institution thanks to its strong performance and customer-centric solutions throughout the review period. In a challenging economic year, Sacombank achieved a remarkable FX net gain, contributing nearly 4% of total income.
The bank’s cost-to-income ratio also improved, reflecting operational efficiency driven by real-time FX execution platforms and automated loan origination. FX volumes rose by a 10th year-on-year, powered by the Sacombank Pay app and expanded digital capabilities.
Sacombank’s FX client base surged, with digital retail FX clients increasing sevenfold and SME/corporate clients increasing by nearly 50%. Two thirds of its customers now use digital services, accounting for 94% of all transactions.
Infrastructure investments include online foreign-currency cash purchases, enhanced interest-rate swap products, and real-time price-locking tools for sales teams. FX transaction volume on internet banking nearly tripled during the review period.
In a challenging economic year, Sacombank achieved a remarkable FX net gain
Sacombank’s market competitiveness is evident in its leadership in CNY/VND trading, with profits rising significantly year-on-year. Its real-time pricing engine and deep liquidity access ensure competitive spreads across G7 currencies and consistent VND pricing.
Finally, during the review period, Sacombank introduced forward and swap contracts to support businesses amid USD volatility, leveraging its interbank strength and advanced forecasting systems.
Sacombank has demonstrated resilience and leadership in FX banking, making it the clear choice for Vietnam’s best FX bank.
