Shinhan Bank receives 'Fastest growing SME bank Vietnam 2025' award

South Korea’s Shinhan Bank Vietnam Limited has been named the “Fastest Growing SME Bank Vietnam 2025” by World Economic Magazine (UK).

The award, granted in Ho Chi Minh City on Monday, recognizes Shinhan Bank’s efforts in supporting the small and medium enterprises (SMEs) in the country, bringing comprehensive financial solutions and achieving impressive growth performances.

According to World Economic Magazine’s Jury Panel, the bank has implemented numerous breakthrough initiatives and provided comprehensive financial solutions tailored to various development stages of SMEs, from startups, micro-enterprises to expansion phase.

Thanks to a sustainable companion strategy, Shinhan Bank Vietnam has recorded an outstanding growth in terms of numbers of customers, as well as credit scale over different time periods, and reached a net profit of up to $1,598 million as of 2024.

To achieve such impressive results and continue to enhance supports for SME community, the bank has implemented a range of customer-centric solutions in a synchronized manner.

The solutions include unlocking business capital sources and supplementing working capital for SMEs through flexible loan packages, with interest rates starting from only 4.75% per year, along with financing rates of up to 100% of capital needs. At the same time, it provides businesses with medium- and long-term investment capital, with interest rates starting from 5.9% per year.

In addition, the Korean lender has actively implemented a variety of services to create a comprehensive financial ecosystem and optimize operations for SMEs, such as smart cash management service – Shinhan CMS; POS payment services with multiple flexible payment methods; the launch of a specialized credit card line for SME customers with a reward accumulation feature of up to 5% on spending transactions; along with a range of other attractive privileges.

Not only implementing services/products, the bank also actively approaches and introduces its friendly financial solutions to small business owners and household businesses through a series of vibrant events held at traditional markets and shopping centers.

Notably, the "Business Breakthrough – Effortless Finance" connection event series, which took place from May 6 to June 6, 2025, at nine traditional markets in HCMC and Hanoi, attracted a large number of interested customers as well as household business owners and small traders.

Sharing about this award, Kang GewWon, general director of Shinhan Bank Vietnam, stated: "The award for “The Fastest Growing SME Bank Vietnam 2025” is a highly encouraging recognition for Shinhan Bank’s efforts to strengthen its presence within the SME community over the past three years. This also serves as a testament to Shinhan Bank’s long-term commitment to building a flexible, efficient, and sustainable financial ecosystem for SMEs in the Vietnamese market."

"We believe that the strong development of SMEs will contribute to the overall prosperity of society. Shinhan is committed to continuing to leverage its core values, accelerating the digitalization of banking services, optimizing customer experiences, and enhancing competitiveness to remain a trusted partner of the Vietnamese business community on their journey towards the future," he added.