SCB was selected as one of the top three "producers of the most REPO trading market in 2021"

DNHN - The Vietnam Bond Market Association has recently recognized Saigon Bank (SCB) as "The third biggest repo market maker in 2021" (VBMA).

This year, the event honouring exceptional government bond market makers - "VBMA Best Bond, FX Swap Awards 2021" – is hosted as part of the VBMA 2022 Annual Meeting on June 6, 2022, in Da Nang. Hundreds of local and international financial institutions, including banks, securities firms, insurance companies, investment funds, etc., have attended and participated in this year's event.

This is a distinguished yearly award honouring the Government Bond market maker's contribution to the establishment of a short-term yield curve for the market, as well as the promotion of liquidity and the growth of the instrument market for government debt.

SCB has always endeavoured to support the growth of the Government Debt Instruments market and is an active participant on the VBMA's list of market makers. In 2022, the Ministry of Finance will continue to recognize SCB as a market maker of government debt securities, along with seventeen other respectable financial organizations.

The third-largest government bond repo transaction value recorded by VBMA in 2021, SCB has reaffirmed the Bank's position and reputation in its Government Bond market operations, while also demonstrating its close involvement. Contribution of the Bank to increasing liquidity on the repo market for government debt instruments. SCB was previously recognized as one of the top three "Best Repo Bidding Market Makers in 2020"

SCB has been honoured by other organizations for its accomplishments in financial operations, goods, and services, including "Leadership in Debit Payment Volume Growth 2021" The top bank for debit card spending growth in 2021 as acknowledged by Visa International, "Top 50 Best Growth Enterprises in Vietnam in 2022" as chosen by Vietnam Report, "Fast Enterprise Award" (Business Award) fast-growing industry) presented by Asia Pacific Enterprise Awards 2021, etc.

In the coming years, based on a solid foundation of financial and human resources, SCB will continue to aggressively develop diversified product portfolios, enhance technology, and continuously enhance service quality to meet the needs of customers in Vietnam with the orientation of "Retail - multi-function - modern bank."

Xuan Cuong