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On 24 April 2026 in Hanoi, Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK, HOSE: STB) and Vingroup (HOSE: VIC) officially signed a Comprehensive Strategic Cooperation Agreement, marking a major step toward building a comprehensive, long-term partnership between two leading entities in Vietnam’s finance-banking sector and private economy.
The agreement is designed to leverage each party’s strengths, networks, and customer base to maximize value, improve business efficiency, and establish a sustainable commercial relationship on a win-win basis. The signing ceremony was attended by senior leaders from both sides.
For SACOMBANK: Faussier Loic Michel Marc, Acting CEO; Dao Nguyên Vũ, Deputy CEO; Nguyễn Minh Tâm, Deputy CEO; Trần Anh Việt, Member of the Executive Board.
For Vingroup: Nguyễn Việt Quang, Vice Chairman and CEO; Nguyễn Thế Anh, Deputy Chairman of the Board and CEO; and representatives from related units.
The two sides will cooperate to research and progressively implement comprehensive financial and banking solutions provided by SACOMBANK for Vingroup, its subsidiaries, affiliates, and system units. The cooperation focuses on:
The partnership also aims to co-develop integrated financial products within Vingroup’s ecosystem to enhance customer experience and create additional value.
Within the cooperation, SACOMBANK will prioritize using Vingroup’s products and services, including those related to transportation, healthcare, hospitality, and other offerings within the group’s ecosystem.
At the signing event, Faussier Loic Michel Marc said: “We believe the combination of SACOMBANK’s financial-banking capability and Vingroup’s scale will generate strong synergistic values for both parties and the entire enterprise ecosystem and customers, and SACOMBANK will pursue not only as a financial service provider but as a partner accompanying Vingroup in developing integrated solutions aligned with its operations, thereby enhancing long-term operational efficiency and customer experience.”
Nguyễn Việt Quang added: “We value collaborations with reputable financial institutions to improve governance and optimize resources within the Group. The partnership with SACOMBANK will diversify financial solutions, strengthen connections across the value chain, and support future investment programs.”
The strategic cooperation is expected to open new development opportunities and strengthen the link between the financial sector and leading industries, contributing to sustainable growth and enhanced competitiveness of Vietnamese enterprises in the context of global integration.
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