After 25 years of operation since its arrival in Vietnam in 1993, Shinhan Bank Vietnam has built a broad network covering many cities and provinces nationwide with 30 branches and transaction offices, becoming the foreign bank with the largest network in the country.
The year 2017 ended with excellent success in figures for Shinhan Bank Vietnam. Total assets reached USD 3,331 million, which is a 34% increase in comparison with 2016; and total profits witnessed a 24% rise. In Vietnam, Shinhan Bank ranked second in term of assets and equity among foreign invested bank while held the leading position in term of profitability.
Vietnamese Enterprises’ Trusted Partner
Shinhan Bank Vietnam is a member of Shinhan Bank, an affiliate of Shinhan Financial Group (SFG). SFG is the leading financial holding company in Korea, which was established on the basis of Shinhan Bank, Shinhan Capital and Shinhan Investment Management. Shinhan Bank is considered as the flagship of the group with headquarters in 20 countries and always the first selection of financial partner for Korean enterprises in their business projects. In two consecutive years, 2016 and 2017, Shinhan Bank had the honour to be in the list of Top 50 Safest Banks in the world, released by Global Finance. Shinhan Bank was also listed by Asian Banker as the Best Retail Banker in Asia Pacific region in 2017. These landmarks recognized the enduring efforts of Shinhan Bank on its journey of serving customers.
With the leading position among Korean enterprises, Shinhan Bank Vietnam is also putting more efforts in expanding its target market of Vietnamese enterprises. Currently, the number of Vietnamese companies having loan transactions with Shinhan Bank Vietnam accounts more than 50% of corporate credit customers. Shinhan Bank Vietnam’s biggest advantages are financial strength and significant investment in both technology and human power.
With the state-of-art technology platform inherited from its Mother Bank, Shinhan Bank Vietnam has developed the most advanced banking service, such as Firm Banking - direct data connection from companies to the bank, which guarantees all transmitted information is completely secured and in the shortest of time. With UPAS, the sellers receive money right away even when buyers make late payments or importers still get capital sponsor in foreign currency, with competitive interest rate without foreign currency revenues.
It can be confidently said that all corporate customers can enjoy high-class Korean-standard quality service customized to their industry, environments and business methods when choosing Shinhan Bank Vietnam as their trusted partner.
Attractive Interest Rates and Convenient E-Banking Services
In the retail banking sector, Shinhan Bank Vietnam provides excellent solutions to increase asset value. The bank also supports customers to achieve their dreams of owning houses, cars, or equipment and strives to make their businesses and personal life easier. Even though Shinhan Bank Vietnam has only focused on developing individual financial services for five years, its market share has increased impressively. The results come from attractive interest rates along with development of product procedures, proof of income documents, and repayment plans, etc. that suit Vietnamese market’s features.
Moreover, Shinhan Bank Vietnam concentrates on developing its E-Banking services. In early November 2018, Shinhan Bank Vietnam launched SOL – a Mobile Banking application with many outstanding features. In addition to logging by passport, customers also have other very safe and secure options to login to SOL – by pattern, fingerprint or iris identification. Besides common transfer options, SOL also offers money transfer directly to the recipients’ phone numbers. SOL’s interface is userfriendly and easy to use. All money transfer functions are integrated into one screen. Typically, users can self-arrange and customize interface according to their actual needs.
In parallel with developing independent and advanced technology applications, Shinhan Bank Vietnam partners with the leading financial and technology partners in Vietnam, such as Zalo, MoMo among others, to introduce new financial services and products, and to offer more utilities and a larger network to its customers.
Doing Business Together with Corporate Social Responsibility
Besides putting great efforts in its business activities, Shinhan Bank Vietnam upholds a spirit of responsibility towards the community with a wide range of practical and meaningful corporate social responsibility (CSR) activities. Besides organising programs to deliver gifts and bringing entertainment activities to the poor at remote and underprivileged areas on the occasions of Tet and other holidays, Shinhan Bank Vietnam has also donated bicycles to disadvantaged kids, cooked charity meals, arranged blood donations days, and provided education support (e.g., giving scholarships to students from Ho Chi Minh, Hanoi, Da Lat, Lam Dong, Daklak, Nghe An…). The CSR initiatives is a long-term commitment of Shinhan Bank Vietnam to contribute to the development of Vietnam’s economy.
These outstanding successes and continuous efforts represent Shinhan Bank Vietnam’s solid position in the country and has boosted it towards becoming one of the leading banks in the Vietnam market.
CORPORATE EXCELLENCE
Shinhan Bank
After 25 years of operation since its arrival in Vietnam in 1993, Shinhan Bank Vietnam has built a broad network covering many cities and provinces nationwide with 30 branches and transaction offices, becoming the foreign bank with the largest network in the country.
The year 2017 ended with excellent success in figures for Shinhan Bank Vietnam. Total assets reached USD 3,331 million, which is a 34% increase in comparison with 2016; and total profits witnessed a 24% rise. In Vietnam, Shinhan Bank ranked second in term of assets and equity among foreign invested bank while held the leading position in term of profitability.
Vietnamese Enterprises’ Trusted Partner
Shinhan Bank Vietnam is a member of Shinhan Bank, an affiliate of Shinhan Financial Group (SFG). SFG is the leading financial holding company in Korea, which was established on the basis of Shinhan Bank, Shinhan Capital and Shinhan Investment Management. Shinhan Bank is considered as the flagship of the group with headquarters in 20 countries and always the first selection of financial partner for Korean enterprises in their business projects. In two consecutive years, 2016 and 2017, Shinhan Bank had the honour to be in the list of Top 50 Safest Banks in the world, released by Global Finance. Shinhan Bank was also listed by Asian Banker as the Best Retail Banker in Asia Pacific region in 2017. These landmarks recognized the enduring efforts of Shinhan Bank on its journey of serving customers.
With the leading position among Korean enterprises, Shinhan Bank Vietnam is also putting more efforts in expanding its target market of Vietnamese enterprises. Currently, the number of Vietnamese companies having loan transactions with Shinhan Bank Vietnam accounts more than 50% of corporate credit customers. Shinhan Bank Vietnam’s biggest advantages are financial strength and significant investment in both technology and human power.
With the state-of-art technology platform inherited from its Mother Bank, Shinhan Bank Vietnam has developed the most advanced banking service, such as Firm Banking - direct data connection from companies to the bank, which guarantees all transmitted information is completely secured and in the shortest of time. With UPAS, the sellers receive money right away even when buyers make late payments or importers still get capital sponsor in foreign currency, with competitive interest rate without foreign currency revenues.
It can be confidently said that all corporate customers can enjoy high-class Korean-standard quality service customized to their industry, environments and business methods when choosing Shinhan Bank Vietnam as their trusted partner.
Attractive Interest Rates and Convenient E-Banking Services
In the retail banking sector, Shinhan Bank Vietnam provides excellent solutions to increase asset value. The bank also supports customers to achieve their dreams of owning houses, cars, or equipment and strives to make their businesses and personal life easier. Even though Shinhan Bank Vietnam has only focused on developing individual financial services for five years, its market share has increased impressively. The results come from attractive interest rates along with development of product procedures, proof of income documents, and repayment plans, etc. that suit Vietnamese market’s features.
Moreover, Shinhan Bank Vietnam concentrates on developing its E-Banking services. In early November 2018, Shinhan Bank Vietnam launched SOL – a Mobile Banking application with many outstanding features. In addition to logging by passport, customers also have other very safe and secure options to login to SOL – by pattern, fingerprint or iris identification. Besides common transfer options, SOL also offers money transfer directly to the recipients’ phone numbers. SOL’s interface is userfriendly and easy to use. All money transfer functions are integrated into one screen. Typically, users can self-arrange and customize interface according to their actual needs.
In parallel with developing independent and advanced technology applications, Shinhan Bank Vietnam partners with the leading financial and technology partners in Vietnam, such as Zalo, MoMo among others, to introduce new financial services and products, and to offer more utilities and a larger network to its customers.
Doing Business Together with Corporate Social Responsibility
Besides putting great efforts in its business activities, Shinhan Bank Vietnam upholds a spirit of responsibility towards the community with a wide range of practical and meaningful corporate social responsibility (CSR) activities. Besides organising programs to deliver gifts and bringing entertainment activities to the poor at remote and underprivileged areas on the occasions of Tet and other holidays, Shinhan Bank Vietnam has also donated bicycles to disadvantaged kids, cooked charity meals, arranged blood donations days, and provided education support (e.g., giving scholarships to students from Ho Chi Minh, Hanoi, Da Lat, Lam Dong, Daklak, Nghe An…). The CSR initiatives is a long-term commitment of Shinhan Bank Vietnam to contribute to the development of Vietnam’s economy.
These outstanding successes and continuous efforts represent Shinhan Bank Vietnam’s solid position in the country and has boosted it towards becoming one of the leading banks in the Vietnam market.