What was Shinhan Bank up to in 2020?

In the year 2020, the world has seen tremendous changes due to negative impacts caused by Covid-19 pandemic. However, with strong financial power, diversified products/services portfolio and a flexible customer support policy, Shinhan Bank has kept moving on and made positive steps forward.

Shinhan Bank pitches in to help VN farmers

To help farmers who have been hit by the novel coronavirus (COVID-19) epidemic’s adverse impact on exports, especially to China, the country’s largest buyer of farm produce, South Korea’s Shinhan Bank Vietnam Ltd. has bought 16.5 tonnes of watermelons from them and gifted them to its employees.

Shinhan Bank, Lotte Mart launch co-branded card Shinhan Bank Vietnam Ltd. has signed a deal with Lotte Vietnam Shopping Joint Stock Company (Lotte Mart) to launch a co-branded credit card.

Việt Nam’s insurance sector catches foreign attention The Vietnamese insurance market is heating up with many high-value bancassurance deals and mergers and acquisitions (M&A) unveiled recently.

Foreign finance institutions step up expansion plans in Việt Nam

The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.

SBV approves Shinhan’s acquisition of Prudential Vietnam

On Thursday, the State Bank of Việt Nam (SBV) issued a decision approving the purchase, sale and transfer of all contributed capital of Prudential Holborn Life Limited at Prudential Vietnam Finance Company Limited to Shinhan Card Co., Ltd.

Shinhan Bank Vietnam no longer a major investor in VnDirect Securities

Shinhan Bank Vietnam Limited is no longer a major investor in VnDirect Limited Securities Company after a foreign investor sold some of its stake of the securities company.

Government mulls tightening foreign bank laws

Experts have agreed with the Government’s plan to restrict or even stop licensing wholly foreign-owned banks in Việt Nam, saying it was necessary to help increase the stability of the domestic banking system.

Foreign banks enlarge operations in Việt Nam

Foreign banks in Việt Nam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.

Fees, retail services to be banks’ main income

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.