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On April 24, 2026, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank - STB) and Vingroup (VIC) signed a Comprehensive Strategic Cooperation Agreement, laying the groundwork for a comprehensive, long-term partnership between the two companies.
The cooperation is designed to leverage each party’s strengths, networks, and customer base to maximize value, improve operating efficiency, and build a sustainable commercial relationship based on mutual benefit.
Under the agreement, Sacombank and Vingroup will research and progressively implement comprehensive financial-banking solutions for Vingroup, its subsidiaries, affiliates, and entities within the group ecosystem.
The parties plan to focus on the following areas:
With Vietnam’s economy continuing to grow steadily, the agreement is positioned to address rising demand for mid- and long-term capital for large-scale projects across industry, technology, and infrastructure. It also aligns with the increasing emphasis by major groups on digital financing, cash management, and integrated platform development.
The signing ceremony was attended by senior leaders from both sides. For Sacombank, participants included Faussier Loic Michel Marc (Acting Chief Executive Officer), Dao Nguyen Vu (Deputy General Director), Nguyen Minh Tam (Deputy General Director), Tran Anh Viet (Member of the Executive Board), and other leaders. For Vingroup, attendees included Nguyen Viet Quang (Vice Chairman of the Board and Group Chief Executive Officer), Nguyen The Anh (Director of Group Capital), and representatives from relevant units.
At the ceremony, Faussier Loic Michel Marc, Acting CEO of Sacombank, said: “We believe that the combination of Sacombank’s financial-banking capabilities and Vingroup’s scale will generate powerful synergies, not only for the two parties but also for the entire enterprise ecosystem and customers. Sacombank aims to be more than just a financial services provider; it will be a long-term partner for Vingroup in developing integrated solutions aligned with its operations, thereby contributing to long-term operational efficiency and customer experience.”
Nguyen Viet Quang, Vice Chairman of the Board and Group CEO of Vingroup, added: “We value collaboration with reputable financial institutions to enhance governance and optimize resources within the Group. The partnership with Sacombank will diversify financial solutions, strengthen connectivity among value-chain actors, and support future investment programs.”
Sacombank is described as one of Vietnam’s leading joint-stock commercial banks, operating with a nationwide network of more than 535 transaction points and operations in Laos and Cambodia. The bank aims to develop a modern, versatile retail banking model, accelerate digital transformation, and provide comprehensive financial solutions for both individuals and businesses.
The agreement is expected to open new development opportunities for both Sacombank and Vingroup, strengthen the link between the financial-banking sector and leading industries, and support sustainable growth and increased competitiveness of Vietnamese enterprises amid global economic integration.
Within the cooperation framework, Sacombank will also prioritize using Vingroup’s products and services, including those related to transportation, healthcare, and hospitality, as well as other products within the group’s ecosystem.
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