Shinhan Vietnam Bank Opens 'Kwebo Branch' and 'Tongnot Branch'... Now Operating 43 Branches in Total

At the opening ceremony of Shinhan Vietnam Bank Que Vo Branch, Kang Gyu-won, Head of Shinhan Vietnam Bank (fifth from the left), Yoon Sang-gi, Economic Counselor at the Korean Embassy in Vietnam, Ngo Tan Phuong, Vice Chairman of the Bac Ninh People's Committee, Nguyen Nhu Ton, Branch Manager of Bac Ninh Central Bank, and other officials are posing for a commemorative photo.

[Asia Economy Reporter Kwangho Lee] Shinhan Bank's local subsidiary in Vietnam, Shinhan Vietnam Bank, announced on the 31st that it has opened the Que Vo branch in Que Vo District, Bac Ninh Province, Vietnam, and the Thong Nhat branch in Bien Hoa City, Dong Nai Province.

Que Vo District in Bac Ninh Province is located at the crossroads of important economic centers in Vietnam such as Hanoi, Haiphong, and Quang Ninh, attracting significant foreign investment. The Que Vo branch is situated at the entrance of the Que Vo Industrial Complex, the center of Que Vo District, and is expected to enhance customer convenience.

Bien Hoa City, located in the south, is a city with a population of over one million and is the representative city of Dong Nai Province adjacent to Ho Chi Minh City, Vietnam's economic hub. Major infrastructure projects such as highways and a new airport are underway, and it is expected to become a blue ocean for retail finance in the future.

By opening the Can Tho branch last October, Shinhan Vietnam Bank became the first Korean bank to open branches in Vietnam's five major cities (Hanoi, Ho Chi Minh, Haiphong, Da Nang, Can Tho), establishing a nationwide network covering the entire country. With this latest opening, it has solidified its position as the foreign bank with the most branches in Vietnam.

A Shinhan Bank official said, "Despite the difficult business environment caused by the spread of COVID-19, we have strived to maintain continuous business operations and implemented various policies such as preferential interest rates to support customers in hardship. Through this additional branch opening, we will continue to work hard to become a bank recognized by Vietnamese society and our customers."

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