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Hochiminh City, 11 September  2009: In August 2009, Sacombank achieved a pre-tax profit of VND 136 billion, after allowing for credit provisions and financial reserves but excluding profits from subsidiaries.

On September 1st 2009 in Ho Chi Minh City, Sacombank Securities Company (Sacombamk-SBS) held an official introduction of “Sacombank-SBS’s Investment Banking business” at Legend Hotel with the attendance and witness of representatives from securities authorities, financial institutions and the press. With this event, Sacombank-SBS is the first securities company in Vietnam announcing its business orientation towards Investment Banking model and at the same time playing significant role as “an investment gateway” for the both domestic and regional capital markets.
Vietnamese banks need to make further efforts to exploit all advantages available to develop in the face of severe competition from foreign banks, analysts say.
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