Sacombank’s Shares Surge After Significant Information

On the morning of February 25, Sacombank’s STB shares saw a strong increase, reaching 67,800 VND/share, setting a new historical peak with approximately 13 million shares traded. Additionally, Sacombank announced the organization of the annual General Meeting of Shareholders for the financial year 2025 on April 22, 2026, during which four new Board of Directors members will be elected. The bank also plans to change its name to “SACOMBANK S” with the new full name as “SAIGON VIETNAM COMMERCIAL JOINT STOCK BANK OF FORTUNES”. This came following leadership changes and a brand repositioning. In terms of finances, Sacombank’s pre-tax profit for 2025 reached 7,628 billion VND, accounting for 52% of the plan, with total assets nearing 918 trillion VND, an increase of nearly 23% compared to the beginning of the year.