Sacombank named Best in Treasury and Working Capital in VN for 4th straight year

Sacombank named Best in Treasury and Working Capital in VN for 4th straight year

Sacombank has won The Asset Triple A Award in the “Best in Treasury and Working Capital – SMEs, Vietnam” category for a fourth consecutive year, reaffirming its leadership in the banking sector.

Sacombank has won The Asset Triple A Award in the “Best in Treasury and Working Capital – SMEs, Vietnam” category for a fourth consecutive year. — Photo courtesy of the bank

Sacombank has won The Asset Triple A Award in the “Best in Treasury and Working Capital – SMEs, Vietnam” category for a fourth consecutive year, reaffirming its leadership in the banking sector.

The award is based on stringent criteria, including business performance, the ability to provide tailored financial solutions for small- and medium-sized enterprises (SMEs) and positive direct feedback from customers.

This recognition is a testament to Sacombank’s sustainable development strategy and strong commitment to supporting the business community, particularly SMEs, in optimising their financial operations.

Founded in Hong Kong in 1999, The Asset is one of Asia’s leading financial magazines, with a readership comprising corporate executives and economic experts across the region.

Its awards are regarded as a benchmark of excellence for top-performing financial institutions in Asia.

In 2024, Sacombank achieved remarkable results in the foreign exchange and capital markets, particularly in helping SMEs navigate economic volatility.

The bank introduced forward contract services to help importers hedge against exchange rate risks, with 95 per cent of participating customers saving costs amid the US dollar strengthening against the Vietnamese đồng.

Sacombank also rolled out cross-currency swap solutions for import-export SMEs to leverage VND–USD interest rate differentials, enabling them to reduce financial costs and stabilise cash flows.

The bank also strengthened cross-border trade settlements in the Chinese yuan, ensuring high liquidity even during market disruptions, thanks to its extensive network of payment partners along border areas and checkpoints.

These innovative initiatives have reinforced Sacombank’s position as a trusted strategic partner for SMEs in capital and FX risk management, contributing to broader economic stability and growth.

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