Shinhan Bank Vietnam Overview

Shinhan Bank Vietnam Limited is a member of Shinhan Bank Korea, which is part of Shinhan Financial Group (SFG) – one of South Korea’s leading financial groups. SFG was established on the foundation of Shinhan Bank Korea, Shinhan Investment Corp., and Shinhan Asset Management. The Group is listed on both the Korea Exchange (KRX) and the New York Stock Exchange (NYSE). Shinhan Financial Group and Shinhan Bank are recognized among South Korea’s top 10 Domestic Systemically Important Banks (D-SIBs).

First established in Vietnam in 1993 as a representative office, Shinhan Bank Vietnam has steadily strengthened its market presence and expanded its operations, becoming one of the largest foreign banks in Vietnam with an extensive network of branches and transaction offices spanning the North, Central, and South regions of the country. Leveraging the strong financial foundation, extensive international expertise, and advanced digital banking capabilities of Shinhan Bank Korea, Shinhan Bank Vietnam serves as a trusted financial partner for individual customers, corporations, SMEs, household businesses, and micro-enterprises through financial solutions that are “More Friendly, More Innovative, and More Secure,” supporting customers on their journey toward sustainable growth.

By placing customer experience at the center of every decision and business operation, Shinhan Bank Vietnam continuously enhances its products, services, and financial solutions to provide convenient, secure, and differentiated banking experiences, while supporting the sustainable growth of communities and the Vietnamese economy.

These efforts have been recognized through numerous prestigious international awards, including “Fastest Growing SME Bank in Vietnam 2025” by World Economic Magazine, “Best Foreign Retail Bank Vietnam 2023” by Global Business Review, and “Fastest Growing Corporate Bank Vietnam 2023” by Global Banking & Finance Review. In addition, Shinhan Bank Vietnam has maintained a long-term credit rating of BB+ with a Stable Outlook from Standard & Poor’s (S&P) for four consecutive years, from 2022 to 2025.

The History

1993
1995
2009
2011
2014
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
  • 1993

    Representative Office in Vietnam was opened.

  • 1995

    1 branchShinhan Bank Ho Chi Minh City Branch was opened.

  • 2009

    1 branchShinhan Bank became one of the first five 100% foreign banks in Vietnam.

  • 2011

    9 branches and transaction officesMerged with Shinhan Vina Bank, became Shinhan Bank Vietnam, the largest foreign bank in terms of Chartered Capital at that time.

  • 2014

    10 branches and transaction officesReceived Merit Certificate of Governor of State Bank of Vietnam for having excellent performance in 2012 – 2013

  • 2016

    18 branches and transaction officesReceived 2015 Golden Dragon Award from Vietnam Economy Times.

  • 2017

    26 branches and transaction officesAcquired ANZ Vietnam’s retail banking business segment with 8 more branches and transaction offices of ANZ.

  • 2018

    30 branches and transaction officesOpened 4 new branches and transaction offices in Ha Noi and Ho Chi Minh City in April 2018.

  • 2019

    36 branches and transaction officesOpened 6 new branches and transaction offices in Ho Chi Minh, Da Nang, Ha Noi, Hai Phong, Ha Nam and Binh Duong

  • 2020

    41 Branches and Transaction Offices nationwide Completed three Basel II pillars sooner than the schedule as required by the State Bank of Vietnam

  • 2021

    43 Branches and Transaction Offices nationwide Opened Que Vo Branch in Bac Ninh and Thong Nhat Transaction Office in Dong Nai

  • 2022

    46 Branches and Transaction Offices nationwide Opened Hoang Mai Branch in Hanoi, Tan Phu Transaction Office, and Phan Van Tri Transaction Office in Ho Chi Minh City

  • 2023

    51 Branches and Transaction Offices nationwide Opened Hung Yen Branch in Hung Yen; Long Biên Transaction and Tay Ho Transaction Office in Hanoi; Binh Chanh Transaction Office, and Binh Tan Transaction Office in Ho Chi Minh City

  • 2024

    54 Branches and Transaction Offices nationwide Opened Vung Tau Branch in Vung Tau; Long An Branch in Long An and Thu Duc Transaction Office in Ho Chi Minh City

  • 2025

    56 Branches and Transaction Offices nationwide Opened Calmette Transaction Office in Ho Chi Minh City; Dong Da Branch in Hanoi