New branches structured for operations as a multi-function bank.
Shinhan Bank Vietnam recently opened four new branches and transaction offices in Hanoi, Da Nang, Hai Phong, and Binh Duong.
The Da Nang branch is Shinhan Bank’s first in the central region, after focusing on the country’s north and south. The openings complete its goal of nationwide network expansion in 2019.
The bank’s network now covers all favored locations in major cities around the country, with the expansion to and in Da Nang, Hanoi, Hai Phong and Binh Duong – all busy financial centers – allowing for operations as a multi-function bank.
Shinhan Bank aims to attract more investments from South Korea and support Vietnamese corporate customers with these expansions.
It established Corporate Investment Banking (CIB) last year to provide Corporate Banking (CB) and Investment Banking (IB) services to customers. This network expansion therefore gives it more opportunities to serve a wide range of customers and support them to leverage their business with its international standard financial services.
In addition to CB services, Shinhan Bank’s four new branches and transaction offices also have the advantage of using digital banking to provide customers with financial products and services on the basis of advanced technology.
“Figures show that, in recent years, these cities, especially Da Nang, have seen thriving growth in the finance and banking industry,” according to a bank representative. “At the same time, the demand for financial products and services among people in these four cities is much higher and increasingly diversified. These factors promise to create favorable conditions for Shinhan Bank to expand its operational scale and sustainably grow in these local markets in the near future.”