The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) won the Corporate Excellence Award at the 2020 Asia Pacific Enterprise Awards for its outstanding achievements in business while also fulfilling its social responsibilities.
Le Duc Thinh (right), deputy CEO of Sacombank, receives the Corporate Excellence Award at a ceremony held in HCM City last week (Photo courtesy of Sacombank)
HCM City (VNS/VNA) - TheSaigon Thuong Tin Commercial Joint Stock Bank (Sacombank)won the Corporate Excellence Award at the 2020 Asia Pacific EnterpriseAwards for its outstanding achievements in business while also fulfilling itssocial responsibilities.
Besideshaving effective business strategies in each development period, thebank also always combines economic goals with environmental - social ones toensure harmonisation of stakeholders’ interests.
Atthe awards ceremony in HCM City last week, Nguyen Duc Thach Diem, the bank’s CEO and a member of the boardof directors, was also honoured with the Master Entrepreneur Award in AsiaPacific.
Diem has put in 18 years of hard and dedicatedwork at Sacombank. Since she took over as the CEO in 2017, she and her associateshave helped the bank step by step overcome challenges, implemented arestructuring process on schedule, achieved positive growth, and adapted tomarket development trends.
Theleading Asia Pacific Enterprise Awards are given away by Enterprise Asia torecognise outstanding entrepreneurs and organisations for their performance andtenacity in developing successful businesses.
Launchedin 2006, the awards are held in 14 countries and considered the mostprestigious ones in Asia. This was the fourth year they were held in Vietnam.
OnOctober 22 Sacombank was named among the 500 most profitable enterprises in Vietnam(Profit500) by Vietnam Report JSC. It was for a fourth consecutive year thebank made it to the list.
Profit500 is ranked based on the organisers’ unbiased assessments of businessperformance, profitability, revenue prospects, and future profitability./.
Shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.
Sacombank and 15 other banks have signed credit contracts to provide preferential loans for corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
Sacombank has released its consolidated financial statements for the second quarter, with pre-tax profit going up by more than 10 percent from the same period last year to 441 billion VND (19 million USD).
Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price.
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Le Duc Thinh (right), deputy CEO of Sacombank, receives the Corporate Excellence Award at a ceremony held in HCM City last week (Photo courtesy of Sacombank) 
