Shinhan Bank has opened a new branch in Ha Nam Province, south of Hanoi, raising the number of branches in Vietnam to 32. Shinhan has built the widest branch network among foreign banks operating in Vietnam.
Ha Nam Branch is a corporate and investment banking (CIB) center tailored to corporate clients such as foreign companies doing business in Vietnam. In particular, the center is capable of investment banking as well as corporate banking. Ha Nam Province is adjacent to Hanoi, the economic center of northern Vietnam. The province is emerging as a promising investment target due to its abundant human resources.
Shinhan Bank has secured a total of 32 outposts, the largest number among foreign banks. Many of them are in Ho Chi Minh City and Hanoi. The Korean lender plans to set up four more branches this year. In addition to the expansion of the channel, Shinhan Vietnam Bank also aims to lead the digital financial market of Vietnam by partnering with local digital companies such as Zalo, Momo and Moca.