What Sacombank does

Sacombank (Ngân hàng TMCP Sài Gòn Tài Lộc) is a privately-held Vietnamese commercial joint stock bank founded in 1991 and headquartered in Ho Chi Minh City. It operates one of Vietnam's largest retail and corporate banking franchises, serving individual consumers, small and medium enterprises (segmented into eSME, eUSME, eLCORP tiers), and large corporates through a nationwide branch and transaction office network complemented by international subsidiaries in Cambodia (SACOMBANK Cambodia Plc), Laos (SACOMBANK Laos), and additional Vietnamese operating subsidiaries including SBL Leasing and SBJ/SBR/SBA. The bank's core product portfolio spans payment accounts, savings and term deposits, consumer and business loans (with unsecured SME credit up to VND 5 billion), credit and debit cards (including premium Visa Infinite, Vietnam Airlines co-branded, and eco-friendly Platinum O₂ cards), trade finance, guarantees, factoring, supply chain financing, payroll services, and insurance distribution.

Sacombank's technology foundation centers on a digital banking ecosystem built around the SACOMBANK PAY super app, mBanking, Internet Banking, and the SACOMBANK OPEN API platform launched in 2026 in alignment with State Bank of Vietnam Open Banking guidelines. The stack includes eKYC identity verification with anti-counterfeiting technology, biometric transaction authentication (fingerprint and facial recognition), digital signature-based email transactions for corporate banking, the SAMI conversational digital assistant, smart teller machines (STM), payment soundboxes for merchants, and Visa card acceptance within the app. Corporate banking integrates ERP connectivity and automated collections/payments through the OPEN API platform, while commodity price derivative trading enables clients to hedge price risk on agricultural, base metals, energy, and livestock exposures.

The bank's revenue model is dominated by net interest income from lending (consumer, SME, corporate, and trade finance at 7–9.7% rates) and deposit mobilization (with promotional deposit rates above 8%), supplemented by fee and commission income from transactions, card operations, and service bundles, plus distribution commissions on insurance products. Pricing spans subscription models (the tiered 'Shaping the Future' study abroad package at VND 1.999M–3.999M/year), transaction-based fees (0.04% with VND 20,000–1,000,000 caps), annual card fees (Visa Infinite at VND 29,999,000 from January 2024), and tiered service combos for SMEs and corporates. Sacombank serves both retail and corporate customers through hybrid channels: physical branches, mobile and online self-serve, dedicated relationship managers, and an emerging Open Banking partner network.

Name

Sacombank

Legal name

Ngân hàng TMCP Sài Gòn Tài Lộc

Website

https://sacombank.com.vn

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sacombank is a privately-held Vietnamese commercial bank providing retail, corporate, SME, and digital banking services to individuals and businesses across Vietnam, with international subsidiaries in Cambodia and Laos and a digital ecosystem anchored by the SACOMBANK PAY super app and OPEN API platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Retail banking services
• Corporate banking
• Trade finance
• Digital payments
• SME lending

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Sacombank generates the majority of its revenue from interest income on loans including consumer loans (home loans, vehicle loans, personal loans), business loans, SME credit, corporate term loans, overdraft facilities, and trade finance facilities. Interest rates cited range from 7-9.7% for lending depending on term and borrower profile.
2. Deposit Interest Income: Interest income from customer deposits including term deposits, demand deposits, and savings accounts, with tiered interest rates based on balance levels.
3. Fee and Commission Income: Fee income from transaction services including domestic and international money transfers, trade finance services (L/C issuance, documentary collection), guarantee issuance fees, account management fees, card annual fees, and payroll processing services. Transaction fees include percentage-based fees (e.g., 0.04% of transaction amount with min VND 20,000 and max VND 1,000,000).
4. Credit Card Revenue: Revenue from credit card operations including annual fees (e.g., Visa Infinite at VND 29,999,000 from January 2024), transaction interchange fees, cash advance fees, installment processing fees, and cross-border transaction fees. The bank also earns from co-branded card partnerships.
5. Insurance Distribution: Sacombank distributes insurance products including life insurance, credit insurance, property insurance, health insurance, and online insurance, earning commission revenue from insurance partners.
6. Digital Banking Services: Revenue from digital banking services including Internet Banking management fees, mobile banking transactions, API connection services for corporate ERP integration, and online transaction processing fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Sacombank is a Vietnamese commercial joint stock bank offering retail and corporate banking products including payment accounts, savings, consumer and business loans, credit/debit cards, trade finance, guarantees, cash management, supply chain financing, and insurance distribution. The bank serves both individual consumers and corporate customers through a nationwide branch network, digital channels (SACOMBANK PAY super app, mBanking, Internet Banking), eKYC-enabled online account opening, and an Open Banking API platform, with international operations in Cambodia and Laos.

Product overview

Sacombank operates as a comprehensive Vietnamese commercial bank offering a multi-segment product portfolio encompassing retail banking (payment accounts, credit/debit cards, savings, consumer and business loans, insurance, and premium services), corporate banking (current accounts, trade finance, cash management, guarantees, and supply chain financing), and digital banking (SACOMBANK PAY super app, Internet Banking, eKYC online account opening, and OPEN API platform for Open Banking). The bank serves individual customers through platforms including SACOMBANK PAY (mobile super app), Internet Banking, and premium SACOMBANK IMPERIAL services, while providing corporate customers with SME Credit, Distributor Finance, Business eCombo account packages, and comprehensive trade and cash management solutions. The digital banking ecosystem includes the SACOMBANK OPEN API platform enabling Open Banking connections, the SAMI AI digital assistant, Smart Teller Machines, and various payment acceptance solutions. Sacombank maintains international operations through correspondent banking relationships and serves Vietnamese travelers with cross-border payment solutions.

Differentiator

Problem solved

Functional benefit

Brands

• SACOMBANK PAY: Mobile banking application and super app for financial transactions
• SACOMBANK IMPERIAL
• SACOMBANK OPEN API
• SACOMBANK Visa Infinite
• Vietnam Airlines Co-branded Card
• Platinum O₂ Card
• SAMI

Products and services

• Payment Account (Tài khoản thanh toán) Standard current/payment account for individuals and businesses to receive payments, transfer funds, and manage cash, with tiered interest based on average balance.
• General Term Deposit (Tiền gửi có kỳ hạn) Term deposits in VND and foreign currencies with flexible terms, renewal options, and competitive interest rates for individuals and corporates.
• Savings Products (Tiết kiệm) Savings accounts including high-interest rate accounts, online savings, and flexible savings options.
• Consumer Loans (Home, Vehicle, Personal) Personal lending products covering home loans, vehicle loans, and consumer credit for individuals.
• Study Abroad Loan (Du học) Personal loan product specifically for tuition and living expenses for students studying abroad.
• SME Credit (Cấp tín dụng SME) Unsecured loans up to VND 5 billion for SMEs with simplified documentation and fast approval, for businesses with annual revenue up to VND 200 billion.
• Business Loans (Vay trung dài hạn) Medium and long-term commercial lending for fixed asset investments including machinery, equipment, and factory investments, plus business vehicle financing up to 7 years.
• Overdraft with Collateral (Thấu chi doanh nghiệp) Short-term overdraft facility with flexible withdrawal methods tied to enterprise cash flow and automatic principal debt clearing.
• Credit Cards (Thẻ tín dụng) Credit card offerings including Visa Infinite, Vietnam Airlines co-branded cards, and eco-friendly Platinum O2 cards.
• SACOMBANK Visa Infinite Credit Card Premium globally-accepted credit card offering global travel insurance up to VND 23 billion, Priority Pass lounge access, golf/spa privileges, and VIP airport services; targeted at high-income customers.
• Debit Cards (Thẻ thanh toán) Payment debit cards for transaction convenience and cash access.
• Co-branded Cards (Vietnam Airlines) Partner-branded credit cards including Vietnam Airlines co-branded cards with airline reward benefits.
• Cross-Border Installment Payment for South Korea 0% interest installment payment solution for Vietnamese Visa credit cardholders making purchases in South Korea, with 3 or 6-month tenors and cashback incentives.
• SACOMBANK PAY (Super App) Super financial mobile app for account opening via eKYC, free transactions, QR payments, Visa card acceptance, SAMI digital assistant, and full banking services.
• Internet Banking Web-based online banking platform enabling account management, transactions, bill payments, international transfers, L/C issuance, and foreign currency transactions 24/7.
• mBanking Mobile App Mobile banking application for iOS and Android providing transaction access, foreign currency purchase, and full banking service management.
• SACOMBANK OPEN API Platform Open Banking platform enabling third-party partners to integrate Sacombank's services (account opening, card applications, ERP integration, payments, automated collection) through standardized APIs.
• SACOMBANK IMPERIAL (Premium Banking) Premium banking service tier providing exclusive privileges and specialized financial solutions for high-net-worth individual customers.
• Shaping the Future Study Abroad Finance Package Comprehensive study abroad financial package integrating payment accounts, international transfers, credit cards, foreign exchange, study loans, and global health insurance; available in three tiered subscriptions (Taking Flight, Reaching Far, Soaring High).
• Trade Finance (Tài trợ thương mại) Import and export financing services including letters of credit, documentary collection, and forfaiting to support international trade transactions.
• Domestic L/C (L/C nội địa) Letter of credit service for domestic trade transactions, with issuance within 8 working hours.
• Bank Guarantee (Bảo lãnh ngân hàng) Bank guarantee services including tender, performance, payment, quality, advance payment, and loan guarantees with low margin rates and flexible terms.
• Factoring (Bao thanh toán) Export factoring service providing immediate cash for deferred sales, with receivables funding up to 90% of value and terms up to 210 days.
• Import/Export Services Comprehensive import and export banking services including L/C issuance, document handling, and international payment processing.
• Distributor Finance (Tài trợ nhà phân phối) Supply chain financing package for distributors/buyers of major brands, providing working capital loans and payment guarantees with loan terms up to 12 months and financing up to 100% of collateral.
• Master Account (Tài khoản trung tâm) Centralized cash flow management service for managing multiple operative accounts with automated fund transfers and optimized interest earnings.
• Accounts Receivable Management Multi-channel collection and receivables reconciliation service with real-time processing and API connectivity to help businesses manage cash flow.
• Accounts Payable Management Multi-channel payment solutions to beneficiaries with real-time, accurate, and secure transaction processing for managing cash outflows.
• Payroll Service Salary, allowance, and incentive payment service supporting up to 5,000 beneficiaries inside and outside the Sacombank system, processing up to 5,000 transactions per minute.
• Business eCombo (Account Service Packages) Bundle account service packages (eSME, eUSME, eLCORP segments) in Basic/Advanced/Premium tiers combining corporate cards, eBanking, account services, and domestic/international payments.
• Foreign Exchange Services (Dịch vụ ngoại hối) Foreign currency exchange services for individuals and businesses with competitive rates, plus forward contracts at predetermined rates for import/export and foreign loans.
• Commodity Price Derivatives (Phái sinh giá cả hàng hóa) Commodity futures and options contracts on agricultural products, base metals, energy, and livestock on international exchanges, enabling businesses to hedge price fluctuations.
• Insurance Services (Bảo hiểm) Distribution of insurance products including life, credit, property, online, and health insurance, earning commission revenue from insurance partners.
• Remittance Services (Dịch vụ chuyển tiền) International money transfer and remittance services including ATM-based remittance collection.
• International Payments (Thanh toán quốc tế) Online international payment service for remittances, L/C issuance, export L/C tracking, and collection management 24/7 through Internet Banking.
• Government Budget Collection (Thu ngân sách nhà nước) Automated collection and payment service for domestic taxes, customs taxes, seaport fees, and other state budget obligations with 24/7 capability.
• Import/Export Tax Guarantee (Bảo lãnh thuế XNK) Tax payment guarantee through electronic customs portal enabling quick goods clearance at ports with flexible collateral options.
• Business Household Account (Tài khoản hộ kinh doanh) Payment account service for individual business households and small merchants.

Quantifiable outcome

• Total costs optimized up to 50% for study abroad finance package vs. using individual financial products separately
• +6 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• VisacoreTechnology or IntegrationSacombank maintains a long-standing partnership with Visa as a card issuer and acquirer, offering Visa credit and debit cards across all segments including the premium Visa Infinite card. The partnership includes cross-border installment payment solutions (NanuPay with DealMe), co-branded cards such as the Vietnam Airlines Visa card, and Visa's global acceptance network and perks program.
• Standard Chartered BankminorGTM or Marketing PartnerStandard Chartered Bank has recognized Sacombank with its International Payment Quality Award for 5 consecutive years, acknowledging Sacombank's payment processing quality and international transaction service standards.
• SACOMBANK OPEN API Third-Party PartnerscoreChannel Partner/ Reseller/ DistributorSacombank's OPEN API platform enables third-party partners to integrate banking services into their applications, allowing individual customers to open payment accounts, apply for cards, and register services through partner apps, while corporate customers access ERP integration and automated collection services. The ecosystem is a core component of Sacombank's Open Banking strategy.
• SACOMBANK Insurance PartnersminorChannel Partner/ Reseller/ DistributorSacombank distributes insurance products including life insurance, credit insurance, property insurance, health insurance, and online insurance through its banking network, acting as a distribution channel for insurance providers.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vietcombank (Joint Stock Commercial Bank for Foreign Trade of Vietnam): Vietnam's largest commercial bank by market capitalization, offering comprehensive retail and corporate banking with similar full-stack product suite including trade finance, credit cards, and digital banking. Direct competitor in virtually every segment Sacombank serves.
• BIDV (Bank for Investment and Development of Vietnam): One of Vietnam's 'Big 4' state-owned commercial banks offering retail, SME, and corporate banking with similar trade finance and FX capabilities. Competes head-to-head with Sacombank across all major product lines.
• VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade): Top-tier Vietnamese commercial bank with comparable retail and corporate banking offerings. Strong in trade finance and FX services overlapping directly with Sacombank's corporate banking portfolio.
• Techcombank (Vietnam Technological and Commercial Joint Stock Bank): Mid-tier Vietnamese private bank recognized for digital innovation and premium retail banking. Competes directly with Sacombank in tech-forward retail segments, premium credit cards, and SME lending.
• ACB (Asia Commercial Joint Stock Bank): Major private Vietnamese commercial bank with similar size and product breadth as Sacombank, including retail banking, SME lending, and digital platforms. Direct competitor in the private mid-tier banking segment.
• MB Bank (Military Commercial Joint Stock Bank): Mid-tier Vietnamese commercial bank with strong digital banking focus and comprehensive retail/corporate products. Comparable in size and innovation positioning to Sacombank, frequently cited as a digital banking leader.
• VPBank (Vietnam Prosperity Joint Stock Bank): Major private Vietnamese bank with comparable retail and SME focus, plus significant consumer finance operations through FE Credit. Direct competitor in retail banking, credit cards, and unsecured consumer lending.
• HDBank (Ho Chi Minh City Development Joint Stock Commercial Bank): Ho Chi Minh City-based Vietnamese commercial bank with similar regional focus and comparable retail, SME, and corporate banking offerings. Direct competitor particularly in southern Vietnam market where Sacombank is headquartered.
• TPBank (Tien Phong Commercial Joint Stock Bank): Vietnamese mid-tier commercial bank known for digital innovation and mobile-first banking. Comparable to Sacombank in size and segment focus, with similar emphasis on technology-driven retail banking.

Emerging players

• MoMo (M_Service): Vietnam's leading fintech e-wallet and payments super-app. While not a direct bank, MoMo competes with Sacombank for digital payments share and customer engagement, particularly through mobile-first consumer experiences.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/sacombankVN
• Facebookfacebook.com/SacombankHome
• Xx.com/sacombank
• LinkedInlinkedin.com/company/sacombank

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sacombank