Saigon Heat is the first professional basketball team in Vietnam based in Ho Chi Minh City. They were officially announced as a member of the ASEAN Basketball League in October 2011. The team was formed by the Saigon Sports Academy, a multi-sports training academy launched in January 2009 and located in Ho Chi Minh City, Vietnam.
In their inaugural season, the Heat finished sixth in the ABL with a regular season record of 8-13. The Heat did not qualify in for the 2012 ABL Playoffs. The Heat followed up their inaugural season with another disappointing sixth-place finish in an injury plagued 2013 season, highlighted by a twelve-game losing streak.
Following the completion of the 2015–16 season, the Heat announced the formation of Vietnam's first professional basketball league, the Vietnam Basketball Association, where they would field a developmental team. The Heat VBA team consists of local players, with several of the ABL side's players being distributed AMONG the other VBA teams for league parity purposes.