Shinhan Bank launches Phu My Branch in Ba Ria- Vung Tau

The latest branch locates at the 1^st Floor in the KNG commercial center in Phu My Town of the coastal province.

The opening of new branch marked a new development stage of the South Korea's lender as it is seeking to expand network and operation in Vietnam. The Phu My Branch is structured to operate as a multi-function bank.   

With the existing strength in term of corporate customers, individual customers and modern digital banking, the new branch will provide the market with optimal financial products and services, applied the advanced technology platform, the bank said.

The town and Ba Ria – Vung Tau in general have great resources for economic and financial development.

“We are proud of being the first foreign bank in Phu My Town, the area with strong economic development potentials in the Southeast of Vietnam. With the opening of Phu My Branch, Shinhan Bank supports foreign direct investment growth in Phu My Town and shows a long-term commitment as well as contribute to the economic development,” said a representative of Shinhan Bank in Vietnam.

According to the Government’s urban development plan by 2030, Phu My Town will develop in industry, seaports - port logistics, aiming to become one of the leading "port city" in Southeast Asia.

This could be an attractive force to draw international investors with strong finance come to Phu My and promote business. Shinhan Bank sees this is a valuable opportunity to provide comprehensive financial solutions and become an effective channel to connect businesses to business as well as businesses to investors.

Shinhan Bank’s Corporate Investment Banking Center and Global Trading Center provide the Corporate Banking, Investment Banking and Foreign Exchange services to their customers.

The opening of Phu My Branch enables Shinhan Bank to serve a range wide of customers and support corporate customers to leverage their business with its international standard financial services.

The opening ceremony was organized with Covid-19 pandemic prevention regulations. During the ceremony, the bank awarded 60 scholarships valued VND60 million to underprivileged students in the town through the National Funds for Vietnamese children.