Shinhan Finance joins Vietnam Banks Association as 66th member

11:00 | 02/10/2019
Shinhan Vietnam Finance Co., Ltd., a fully foreign-owned consumer finance company, has announced that it has become the 66th member of the Vietnam Banks Association (VNBA), effective from September 26, 2019 regarding VNBA approval No.31/QD-HHNH.

This development will see the company (Shinhan Finance) significantly increase the general welfare and usefulness of banking finance institutions and discussions of subjects of importance across the industry. Shinhan Finance and its customers will now benefit from a credible national network covering 66 members, including commercial banks, joint-venture banks, and many finance companies.

shinhan finance joins vietnam banks association as 66th member
Shinhan Finance receiving its membership of the Vietnam Banks Association

“The members of the VNBA are pleased to welcome Shinhan Finance as the newest member,” said Nguyen Toan Thang, general secretary of the VNBA.

“Becoming a member of VNBA, Shinhan Finance will have its relevant rights and interests protected by the VNBA in accordance with the laws and regulations of the Association. Additionally, it will be empowered to participate in many annual activities organised or co-hosted by the VNBA, such as conferences, seminars, forums, and training programmes.

“The company is also recommended to propose ideas to remove barriers and problems encountered during follow-up with state management agencies through the VNBA,” Thang added.

shinhan finance joins vietnam banks association as 66th member
Nguyen Toan Thang, secretary general of VNBA

Atul Dixit, CEO of Shinhan Finance, said, “The VNBA helps to ensure policymakers understand the important role banks and financial companies play in Vietnam’s economic growth. As a member, we can add our voice to call on regulatory agencies and the administration to enact pro-growth policies that support a healthy financial market, encourage innovation, and remove impediments to serving customers effectively.”

shinhan finance joins vietnam banks association as 66th member
Atul Dixit, CEO of Shinhan Finance

“In turn, we follow the lead of the State Bank of Vietnam and support the stronger alliance by extending its connecting role forthe stable, effective, and healthy development of Vietnamese credit institutions and contribute to ensure the effective enforcement of monetary policies for the country’s socio-economic development,” he noted.

For more information visit: shinhanfinance.com.vn

By Anh Duc

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