SACOMBANK and Vingroup sign a comprehensive strategic cooperation agreement

On April 24, 2026, in Hanoi, Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) and Vingroup officially signed a Comprehensive Strategic Cooperation Agreement, marking an important step in establishing a comprehensive, long-term partnership between two leading enterprises in Vietnam’s financial-banking sector and the private economy. The agreement is built on leveraging each party’s strengths, networks, and customer base, aiming to maximize value, improve operational efficiency, and establish a sustainable commercial relationship on a mutually beneficial basis. The signing ceremony was attended by senior leaders from both sides. For SACOMBANK, Faussier Loic Michel Marc — Acting General Director; Đào Nguyên Vũ — Deputy General Director; Nguyễn Minh Tâm — Deputy General Director; Trần Anh Việt — Member of the Executive Board; and leaders from regional units. For Vingroup, Nguyễn Việt Quang — Deputy Chairman of the Board and Chief Executive Officer; Nguyễn Thế Anh — Director of Group Capital; together with representatives from related units. In the context of Vietnam’s economy continuing to grow steadily, with rising demand for medium- and long-term capital for large-scale projects—especially in industry, technology, and infrastructure—and with the digitalization of finance, cash-flow management, and the development of integrated platforms becoming a strategic focus for large groups, the SACOMBANK–Vingroup cooperation is expected to meet these needs effectively, contributing to the development of Vietnam’s financial-banking market and corporate ecosystem. Under the agreement, the two sides will collaborate to study and progressively implement comprehensive financial-banking solutions provided by SACOMBANK for Vingroup, its subsidiaries, affiliates, and units within the network. Core areas include funding and credit solutions for projects and investment programs, as well as operations; centralized payments and cash-flow management to optimize capital use and strengthen financial control; supply chain finance programs for suppliers, partners, agents, and customers; and preferential financial policies for leadership and employees. Both sides also aim to co-develop integrated financial products within Vingroup’s ecosystem to enhance customer experience and create additional value. SACOMBANK will also prioritize using Vingroup’s products and services, including those related to transportation, healthcare, hospitality, and other products and services within the Group’s ecosystem. At the signing ceremony, SACOMBANK’s acting general director highlighted that combining SACOMBANK’s financial capabilities with Vingroup’s scale will create strong value for the entire enterprise ecosystem and customers, and that SACOMBANK aims to be a partner in developing integrated solutions tailored to Vingroup’s operations, improving long-term operational efficiency and customer experience. Vingroup’s leadership noted the importance of cooperating with reputable financial institutions to enhance governance and optimize resources, adding that cooperation with SACOMBANK will diversify financial solutions, strengthen connections across the value chain, and support future investment programs. Overall, the strategic cooperation between SACOMBANK and Vingroup is expected to open new development opportunities, strengthen the linkage between finance and key growth sectors, and contribute to sustainable growth and enhanced competitiveness for Vietnamese enterprises in an increasingly integrated global economy.