Shinhan Bank celebrates 30 years in Vietnam
Shinhan Bank has officially marked 30 years in Vietnam and is proud to be a “trusted financial partner” for millions of Vietnamese customers, the bank said.

Pham Tien Dung, Deputy Governor of the SBV, Shinhan Bank’s representatives and delegation in the 30th year anniversary event. Photo courtesy of the bank.
The 30-year journey of Shinhan Bank in Vietnam has been marked by memorable milestones and breakthrough transformations to build the bank's current image.
The South Korean bank established its first representative office in Ho Chi Minh City in August 1993, not long after Vietnam and Korea officially established diplomatic relations. In December 1994, Shinhan Bank was formally approved by the State Bank of Vietnam (SBV) to open its Ho Chi Minh City branch, becoming the first Korean bank to establish a branch in Vietnam.
Shinhan Bank was licensed to become one of five banks with 100% foreign capital in 2008-2009. In 2011, the bank merged with Shinhan Vina Bank in 2011 to form Shinhan Bank Vietnam, the foreign bank with the largest charter capital at the time.
2017 is considered a new turning point for Shinhan Bank, when it successfully acquired the retail banking sector of ANZ Bank Vietnam to help it expand its retail sector and offer more balance in terms of product structures between the retail and corporate sectors. Thereby, the bank has made more new breakthroughs in the journey of developing and affirming its position in Vietnam’s market.
Conquering market with “localization” strategy
During its 30 years in Vietnam, Shinhan Bank has always promoted sharing prosperity, bringing greater values to customers and society through the search for new ways and methods to provide products and services that help customers manage their finances and cope with changes in the business environment.

Campaign “Add Smile to Life” with Shinhan Friends to commemorate Shinhan Bank Vietnam's 30th anniversary. Photo courtesy of the bank.
With the desire of “Becoming a true local bank for Vietnamese customers”, Shinhan Bank decided to focus on its “localization” strategy from the moment it entered Vietnam’s market and has achieved certain successes while gradually affirming a solid position not only in the market, but also in the trust of millions of customers.
Simultaneously, it owns a large operation network with 51 branches and transaction offices nationwide, which is the largest network in terms of coverage among foreign banks in Vietnam”.
Not only a “trusted financial partner”, the bank is also a bridge connecting Korean enterprises to invest in Vietnam’s market by developing special products and services for Korean FDI customers, attracting FDI capital resources into Vietnam in order to contribute to Vietnam’s socioeconomic development, as well as promote diplomatic relation between the two countries.
Participating in digitalization race
"The constant support and technology transfer from Shinhan Bank in Korea is a strength for us to participate in the digitalization race, which has been strongly developed in Vietnam. For example, Shinhan SOL Vienam Mobile Application and our digital products and services have met customers' high expectations for convenience and safety in the field of digital technology," the bank said in a release.
The digital transformation efforts of Shinhan Bank over the years have been highly appreciated by domestic and international organizations signified by prestigious awards, such as “Best Foreign Digital Bank Vietnam 2023” granted by International Business Magazine; and The Merit for excellent achievements in digital transformation of Banking Industry granted by the SBV at the 2023 Banking Digital Transformation event.

Shinhan Bank receives the certificate of merit for outstanding achievements in the banking industry's digital transformation at the State Bank of Vietnam's 2023 Digital Transformation Event. Photo courtesy of the bank.
Shinhan Bank has also collaborated with fintech partners, reputable e-commerce in the Vietnamese market, and leveraged the “One Shinhan” spirit from Shinhan Financial Group in Vietnam including Shinhan Finance, Shinhan Life, Shinhan Securities, and Shinhan DS in order to build a comprehensive digital financial ecosystem.
A better world through finance
The commitment of a sustainable bond between Shinhan Bank and Vietnam not only demonstrates an effective business performance, but also through meaningful activities with high humanity value over the years like Bike Run, Tree Planting, Happy Meal, and so on. Up to now, the total expenses for CSR activities have reached nearly VND79 billion.

Bike Run-One Shinhan in 2023 provides bicycles to underprivileged students. Photo courtesy of the bank.
Recently, Shinhan Bank initiated the “Shinhan 30 Years Online Marathon” for the community, partners and customers of Shinhan Financial Group in Vietnam, as well as for our employees on the occasion of celebrating 30 years in Vietnam. The amount corresponding to each registration and the number of km in this competition will contribute VND380 million to the “Cap la yeu thuong” program and to renovate a school in Du Tien commune, Yen Minh district, Ha Giang province, with meals and school supplies just before the start of the new school year.

Impressive results from the Online marathon: 7,500 runners participated with a total of up to 677,000 kilometers. Photo courtesy of the bank.

School renovation in Du Tien commune, Yen Minh district, Ha Giang province before the start of the new school year. Photo courtesy of the bank.
Sharing this special milestone of Shinhan Bank in Vietnam, Kang Gewwon, general director, stated: "Shinhan Bank's 30-year journey in Vietnam is a significant and meaningful tribute to customers who have always trusted and supported us, devoted employees who are committed to the bank's long-term development, and the Vietnamese community who have always encouraged and recognized us.
"This trust and confidence over the last 30 years has enabled Shinhan Bank to take the first steps toward establishing a solid foundation today. As Shinhan Financial Group's mission is to bring "A better world through Finance", we are committed to always putting the needs of our customers first and we hope to contribute to Vietnam’s efforts to develop a sustainable economy."
- Read More
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
- Consulting
-
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
-
The ASEAN trade puzzle: Smart moves in a shifting landscape
-
Vietnam’s breakthrough opportunity against world-wide US tariff wave
-
Trump trade mayhem to steepen yield curve and weaken US dollar
-
Navigating tariff shocks: Vietnam’s path forward through diversification
-
Southeast Asia IPO performance in Jan-June