Sacombank is the biggest joint stock commercial bank in Vietnam in terms of capital.Advantage of Sacombank: Sacombank is the largest commercial joint stock bank in Vietnam and the 5th largest charter capital of Vietnam Commercial Banks. This advantage permitted secure capital, increase ability for meet capital’s need. With 112 branches and transaction offices operated nationwide, Sacombank is the biggest commercial bank network in commercial Joint stock bank system. Development strategy in 2006 – 2010 is quite ambitious and feasible. The economy of Vietnam was predicted in maintaining growth rate by foreign investment increasing sharply. The opened policies, international standards will be applied soon during innovative route of Vietnam. When integrating, Vietnam has opportunity to approach and study, supply modern banking products and services, variety and more value for customers. Challenges: competitive pressure of integrating process. Sacombank must compete with state-own banks in term of capital size, network..., and substitute products.

Sacombank have determination building the most multifunctional – modern retail bank in Vietnam with major set solutions: improve financial capacity, total assets – Expand network, market, market share – Modernization banking technology – Invest and develop human resource – Variety business operated – Re-organize structure, standardize processes in order to improve management quality to most suitable with international rule – prepare actively in opened and integrating trend. The 5-years action plan guideline is ensure growth rate rapidly and stably. Development process is divided into two parts: Owner capital: increase owners’ capital, total capital will be over 40,000 billion VND up to 2010 – Credit activities: total loan is over 28,800 billion VND up to 2010. Inside, small and medium enterprises, real estate, individual consumer are account for less than 50% of loan. – Network operated: up to 2010, operational network has more than 250 transaction offices located in 64 cities and provinces covered nationwide.