Visa awards Shinhan Bank for efficiency, cashless payments
Shinhan Bank Vietnam has received three awards from International Visa Card Association in commercial product operation, commercial payment, and credit payment aspects.
The awards include the "Leadership in Operation Excellence for Commercial Product 2021”, "Leadership in Commercial Payment Volume 2021" and "Leadership in Credit Payment Volume 2021".
Kang GewWon, CEO of Shinhan Bank Vietnam (L) and Dang Tuyet Dung, Country Manager, Visa Vietnam and Laos. Photo courtesy of the bank.
The awards are well-deserved acknowledgment for Shinhan Bank's ongoing efforts to operate efficiently and optimize cashless payment methods through research and utility card issuance incorporating innovative technology, the Korean creditor said in a release.
Specifically, the "Leadership in Operation Excellence for Commercial Product 2021” award compliments Shinhan Bank's outstanding achievements in operating, researching and creating new product lines for business products, in order to assist businesses in deploying solutions to manage business card spending effectively and optimally.
The "Leadership in Commercial Payment Volume 2021" and "Leadership in Credit Payment Volume 2021” awards acknowledge the bank's achievements in improving service quality and implementing cutting-edge card technology to boost non-cash payment methods.
Kang GewWon, CEO of Shinhan Bank Vietnam said, "The awards will be a significant motivator for us to continue developing convenient card lines and upgrading card payment techniques in order to offer clients a friendly and secure payment experience."
"We can see a clear change in the payment habits of Vietnamese people recently. In response to highly stringent convenience and security requirements, user demand for "contactless" payments is expanding," GewWon said, citing Visa's latest research showing about 76% of Vietnamese customers are using e-wallets, and card users account for up to 82%.
"To meet the criteria of customers in the process of performing card transactions, in the coming time, we will actively promote the research and launch of convenient card product lines, integrated with the convenient touch payment feature of the chip according to EMV standards, in order to secure transaction information and avoid counterfeiting or copying. The most recent 3D Secure service version 2.0 will be used, assisting in the identification of clients for online financial transactions," he added.
Shinhan Bank stated that it will continue to optimize the Mobile Banking SOL ecosystem to achieve effective digital transformation through the introduction of convenient digital financial products and services on this platform.
In particular, the lender will provide an online card opening service directly on the Mobile Banking SOL application soon, allowing consumers to save time and be proactive in executing transactions when compared to traditional at-the-counter card opening.
- Read More
HCMC adds two more housing projects eligible for ownership by foreigners
Ho Chi Minh City has approved two additional residential developments for sale to foreign organizations and individuals, expanding the list of projects open to these groups.
Real Estate - Fri, May 29, 2026 | 7:40 am GMT+7
89% of Vietnam survey respondents consider life insurance 'highly important'
Vietnamese people are paying increasing attention to financial planning, family protection and preparation for long-term risks, with up to 89% of respondents viewing life insurance as “highly important in daily life”, according to the Insurance Association of Vietnam (IAV).
Companies - Thu, May 28, 2026 | 8:57 pm GMT+7
Vietnam's Pharmacity chain secures growth capital from LeapFrog to quicken expansion
Pharmacity, Vietnam’s leading modern retail pharmacy chain, has raised growth capital from private equity firm LeapFrog Investments to accelerate its expansion and deepen access to quality healthcare across Vietnam.
Companies - Thu, May 28, 2026 | 8:23 pm GMT+7
Thailand’s TCC Group eyes logistics, recycling in Vietnam
Party chief and President To Lam said he welcomed major Thai corporations, including TCC Group, to expand operations in Vietnam.
Industries - Thu, May 28, 2026 | 3:21 pm GMT+7
Deposit rates remain elevated: Where can savers get best returns?
Bank deposits are regaining appeal as an investment channel as deposit rates at some Vietnamese commercial banks have climbed to as high as 8-10% per year.
Banking - Thu, May 28, 2026 | 11:43 am GMT+7
F88 named among Vietnam’s top 3 workplaces in 2026: A people-first strategy in focus
F88 has been named among the Top 3 Best Workplaces in Vietnam 2026 in the large enterprise category, an accolade that reflects the company’s long-term focus on employee development and workplace culture built on trust, support and career growth.
Companies - Thu, May 28, 2026 | 10:54 am GMT+7
Taiwanese FDI into Vietnam: The shift of the value chain
Taiwanese investment in Vietnam is shifting from low-cost assembly toward higher-value sectors such as semiconductors, AI servers, networking equipment, and industrial robotics, positioning the country as a deeper link in the global technology supply chain.
Industries - Thu, May 28, 2026 | 8:47 am GMT+7
Why Vietnam chose a single nationwide textbook series for schools
Vietnam will adopt a single nationwide textbook series, “Ket noi tri thuc voi cuoc song” (Connecting knowledge with life), starting from the 2026-2027 academic year, as part of a broader education reform strategy aimed at standardizing teaching materials and eventually providing free textbooks to all students by 2030.
Companies - Wed, May 27, 2026 | 9:35 pm GMT+7
EVNGENCO3 completes 31% of 2026 power output target in first 4 months
EVNGENCO3 reported electricity output of 9.77 billion kilowatt-hours in the first four months of 2026, up 2.06% from a year earlier and equivalent to 30.67% of its full-year target, according to an investor report released by the company.
Companies - Wed, May 27, 2026 | 9:05 pm GMT+7
Former Vietnamese health minister sentenced to 6 years in prison over hospital project losses
Nguyen Thi Kim Tien, former Minister of Health, was sentenced to six years in prison on Tuesday and ordered to pay compensation of VND108 billion ($4 million) in a major corruption and wastefulness case linked to two large-scale hospital projects.
Society - Wed, May 27, 2026 | 5:51 pm GMT+7
Novatek explores LNG-to-power opportunities in Vietnam
Russian energy giant Novatek is seeking opportunities to engage in Vietnam’s LNG-to-power sector in line with the Southeast Asian country’s development strategy.
Energy - Wed, May 27, 2026 | 5:26 pm GMT+7
Petrovietnam opens bidding for offshore block in Cuu Long basin
State-owned Petrovietnam has launched bidding for Block 17 in the offshore Cuu Long basin as Vietnam accelerates efforts to secure new oil and gas resources amid declining output from aging fields.
Energy - Wed, May 27, 2026 | 4:19 pm GMT+7
How Thai capital deepens its roots in Vietnam’s economy
Leading Thai corporations are rapidly strengthening their footprint in Vietnam through large-scale investments in manufacturing, retail, energy, logistics, finance, and industrial real estate.
Investing - Wed, May 27, 2026 | 3:58 pm GMT+7
Building high-performing organizations through trust, empowerment and people-first leadership
As businesses navigate increasingly complex market conditions, the conversation around high performance is also evolving. Beyond speed and execution, organizations today are under growing pressure to remain agile, resilient, and people-centered at the same time.
Companies - Wed, May 27, 2026 | 3:38 pm GMT+7
Vietnam stocks to offer opportunities across sectors in H2
Vietnam’s stock market is expected to retain growth potential in the second half of 2026 despite mounting pressures from inflation, geopolitical tensions and increasingly cautious capital flows, according to market analysts.
Finance - Wed, May 27, 2026 | 3:12 pm GMT+7
Trung Nam Renewable Energy raises $73 mln in private bond issuance
Trung Nam Renewable Energy Corporation has successfully raised VND1.93 trillion ($73.28 million) through a private bond issuance with a four-year tenor and annual interest rate of 10.7%.
Companies - Wed, May 27, 2026 | 2:32 pm GMT+7
- Consulting
