CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
South Korea's Shinhan Card considers Vietnam priority for investment
Ngoc Mai 09:30, 2018/10/16
In the coming time, Shinhand will focus on developing consumer finance in Vietnam, the government portal reported.
Shinhan Card, a subsidiary of South Korea's Shinhan Financial Group, considers Vietnam an important foreign market for future investment, said Lim Young Jin, president and CEO of the company. 
 
Deputy Prime Minister Vuong Dinh Hue and President of Shinhan Card Lim Young Jin. Source: VGP.
Deputy Prime Minister Vuong Dinh Hue and President of Shinhan Card Lim Young Jin. Source: VGP.
Operating in the fields of finance, banking and securities in Vietnam, Shinhan Card has set aside its profit to reinvest in Vietnam, Lim said in a meeting with Vietnam's Deputy Prime Minister Vuong Dinh Hue in Hanoi on October 15. 

In the coming time, Shinhand will focus on developing consumer finance in Vietnam, Lim informed. 

In early 2018, Shinhan reached an agreement to acquire Prudential Vietnam Finance Company for US$150.8 million.

The deal allows Shinhan Financial Group to expand its consumer finance business in Vietnam, a market that witnesses two-digit growth in recent years and is expected to continue booming in upcoming future, while supporting the Vietnamese government's initiative of promoting non-cash payment in the country. 

The deputy PM highly regarded the Shinhan's acquisition of Prudential Vietnam Finance, adding that the State Bank of Vietnam (SBV) will soon respond to the finalization of the transaction. 

Hue expected Shinhan to take part in the process of developing an ecosystem for fintech companies in Vietnam through training human resources and applying science & technologies. 

Korean Shinhan Financial Group is present in Vietnam with Shinhan Bank. Shinhan Card is the global top-five credit card company. It was established in 1990 as a technical and business company licensed by Shinhan Bank.
Comments
Other news
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
16:31, 2025/01/02
Vietnam stock market aims for emerging status by 2025: Finance minister
By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.
15:33, 2025/01/02
Vietnam set to extend VAT cut for six months
This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.
21:29, 2024/12/31
Vietnam’s credit growth projected to expand by 16% in 2025
Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.