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Shinhan Bank Co. Ltd announced late last week that it has opened three new branches in Vietnam and the exact locations are in Ho Chi Minh City and Hanoi. With the offices, it was said that the South Korean financial company has raised its status to become the largest foreign lender in Vietnam.
Shinhan Bank revealed on Friday, July 29, that it inaugurated a new bank outlet in Hanoi and two other branches are in Ho Chi Minh City. The company now has a total of 46 offices in Vietnam, as per The Korea Times.
The company said that the new branches in the country will help it maintain the largest sales network among the foreign banks operating in the country. It added that it expects the network to create a favorable brand image for the bank across Vietnam. Shinhan Bank further promised to offer better services to customers.
"As a foreign bank with a history of more than 29 years operating in the Vietnamese market, we maintain our commitment to strong connections with Vietnam, with customers, partners, community, and all employees," Shinhan Bank Vietnam's chief executive officer, Kang Gew Won said in a press release. "The opening of three new branches and transaction offices are part of Shinhan Bank's business promotion strategy for 2022, which aims to optimize its digital capabilities, combined with over-the-counter transactions, to provide customers with the best possible experience.
He went on to say, "Shinhan Bank's standard investment in the digital transformation journey through the use of advanced technologies in products, services, and processes aims at the goal of 'friendly innovation' and is geared towards being the leading digital bank in Vietnam by 2030."
Finally, Vietnam News reported that Shinhan's Hoang Mai branch was launched in Ha Noi's Hai Ba Trung District on July 28, while the Tan Phu office in Tan Phu District and Phan Van Tri office in Go Vap District, HCM City were both opened on July 29. All of the offices were set up in heavily populated areas where extensive housing projects are expected to start constriction.
