Sacombank Overview and Achievements

Sacombank is one of Vietnam's leading commercial banks, with a rich history dating back to 1993.

It was established by the Vietnam Government as a joint-stock bank with a charter capital of VND 3.8 trillion.

Sacombank has a strong presence in Vietnam, with a network of over 300 branches and transaction offices across the country.

This extensive network allows the bank to reach a wide customer base and provide services to both individuals and businesses.

The bank's achievements are a testament to its commitment to innovation and customer satisfaction.

Sacombank has been recognized for its digital banking services, which have made it easier for customers to manage their accounts and conduct transactions online.

Sacombank was established on December 21, 1991, marking the beginning of its journey in the banking industry.

The bank's growth was rapid, as it issued its first shares in 1996.

In 2002, Sacombank took a significant step by establishing its first subsidiary, Sacombank-SBA Debt Management and Asset Exploitation Company.

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This move allowed the bank to expand its services and reach a wider customer base.

By December 2007, Sacombank had opened a branch in Laos, further solidifying its presence in the region.

In June 2009, the bank opened a branch in Phnom Penh, Cambodia, demonstrating its commitment to international expansion.

The merger with Southern Bank on October 1, 2015, brought significant assets and liabilities under Sacombank's management, making it an even more formidable player in the market.

Sacombank offers a convenient and fee-free experience for its customers.

One of the standout features of Sacombank is the VND 0 fee, which means you can make transactions without incurring any additional costs.

Registering online with Sacombank allows you to make transactions immediately, streamlining your financial experience.

Sacombank offers a range of convenient money transfer options.

You can transfer money to a Sacombank Pay account, making it easy to manage your finances on the go.

To transfer money to a Sacombank account, you can use the bank's online services or mobile app.

Other bank accounts are also supported, allowing you to send and receive money across different institutions.

If you have a card number, you can use that to transfer money as well.

Alternatively, you can also use QR code to transfer money quickly and securely.

Sacombank has been involved in some controversies.

A major scandal occurred in November 2022 when the Investigation Police Agency, Khánh Hòa Provincial Police Department, issued an arrest warrant for several former employees of Sacombank's Cam Ranh branch, including Nguyễn Thị Thanh Hà, a former deputy head of the branch, and Ngô Thị Hồng Nhạn, a former head of the branch's cash department, along with two other former employees, for allegedly embezzling funds.

These individuals were accused of committing the crime of embezzlement, a serious offense that can have severe consequences.

In November 2022, the Investigation Police Department in Khánh Hòa province issued an arrest warrant for Nguyễn Thị Thanh Hà, a former deputy head of Sacombank's Cam Ranh branch, and three other former employees.

The charges include theft of assets, a serious offense that can have severe consequences.

Nguyễn Thị Thanh Hà was a high-ranking official at Sacombank's Cam Ranh branch, holding the position of deputy head of the branch's office.

Nguyễn Trà My, Ngô Thị Hồng Nhạn, and Ngô Nữ Hồng Hải were all former employees of the same branch, working as bank tellers.

The case highlights the importance of accountability in the financial sector, where trust is paramount.

NHNN thanh tra 6 nội dung tại Sacombank Bà Rịa - Vũng Tàu.

The inspection found that most loan options for business customers at Sacombank BRVT lacked information on total loan amount and detailed breakdown of total loan amount, which is not in line with the regulations at khoản 6 Điều 2 Thông tư số 39/2016/TT-NHNN.

This is a serious issue, as it affects the transparency and accountability of the bank's lending practices.

The inspection specifically looked at the loan options, and found that they were incomplete and did not meet the required standards.

The regulation at khoản 6 Điều 2 Thông tư số 39/2016/TT-NHNN requires that loan options include detailed information on total loan amount, which is crucial for businesses to make informed decisions.

The inspection's findings highlight the need for Sacombank BRVT to improve its lending practices and ensure that they comply with regulatory requirements.

Sacombank offers a rewards program called Sapphire, which allows customers to redeem gifts from accumulated points earned through transactions at Sacombank.

You can earn points by making transactions at Sacombank, and these points can be redeemed for a variety of gifts.

The gift list is diverse and attractive, featuring options in categories such as cuisine, fashion, travel, and entertainment.

Some examples of gift options include hotel stays, which can be a great way to earn some extra points and treat yourself to a nice getaway.

Here are some examples of gift options available through the Sacombank Sapphire program: