Shinhan Vietnam Bank Wins First Place in 3 Categories at 2020 Visa Leadership Awards

At the '2020 Visa Leadership Awards' held in Ho Chi Minh City, Vietnam, Kim Byung-geon, Deputy CEO of Shinhan Vietnam Bank (right), receiving an award.

[Asia Economy Reporter Kangwook Cho] Shinhan Bank's local subsidiary in Vietnam, Shinhan Vietnam Bank, announced on the 23rd that it was selected as the number one operator in three categories at the '2020 Visa Leadership Awards' hosted by Vietnam Visa Card.

Shinhan Vietnam Bank was recognized for its achievements in various fields such as expanding transaction volume in the rapidly growing e-commerce market in Vietnam and corporate debit card approval rates, winning first place in three categories: 'Corporate Card Transaction Volume,' 'E-commerce Activation,' and 'Excellence in Global Corporate Debit Card Operations.' In particular, the corporate card transaction volume category has been awarded for eight consecutive years from 2013 to this year, maintaining its solid leadership as the number one corporate card operator in Vietnam.

Since starting its credit card business in 2011, Shinhan Vietnam Bank has continued steady growth every year, and especially after successfully acquiring ANZ Bank's retail business in 2017, it has achieved 200,000 customers and an annual card transaction volume of 750 million dollars as of November this year.

A representative of Shinhan Vietnam Bank said, "Recently, we have recorded high growth in most indicators such as transaction volume, number of members, assets, and profits in the credit card business," adding, "We will continue to actively expand our business by discovering customer-tailored services and developing premium new products."

This content was produced with the assistance of AI translation services.