On April 22, 2026, a high-level working session and memorandum of understanding (MoU) signing ceremony took place at the headquarters of Vietcombank in Hoan Kiem, Hanoi between Vietcombank and Shinhan Bank.

Vietcombank CEO Le Quang Vinh (left) exchanges signed documents with Jung Sang Hyuk, Chairman and CEO of Shinhan Bank Korea

At the event, Mr. Le Quang Vinh, Member of the Board of Directors and Chief Executive Officer of Vietcombank, emphasised that as Việt Nam–South Korea relations continue to deepen, cooperation in economic, investment, and banking-finance sectors is becoming increasingly significant. Vietcombank places strong importance on its partnership with Shinhan Bank and expects both sides to further strengthen collaboration in key areas.

These include advancing digital transformation in retail banking; providing financial solutions for South Korean FDI enterprises operating in Việt Nam; and enhancing correspondent banking activities such as account services, payments, remittances, trade finance, syndicated lending, and financing for projects involving Korean contractors and investors. The two sides also aim to promote cooperation in sustainable finance (ESG), while strengthening coordination with Vietcombank Securities (VCBS) and Vietcombank Fund Management (VCBF).

Senior leaders of Vietcombank and Shinhan Bank hold high-level talks in Hà Nội

During the session, Mr. Jung Sang Hyuk, Chairman and Chief Executive Officer of Shinhan Bank Korea, noted that Vietcombank is one of the leading banks in Việt Nam and a key partner of Shinhan in the market. He expressed confidence that enhanced direct engagement between the senior leadership of both banks would improve cooperation efficiency and open up new business opportunities for Shinhan’s operations in Việt Nam.

He also highlighted that the visit by the South Korean Government, accompanied by a business delegation, holds important significance in promoting investment and strengthening economic exchange between Việt Nam and South Korea. As representative financial institutions of their respective countries, Vietcombank and Shinhan Bank are expected to deepen cooperation across economic, investment, and technological innovation fields, thereby supporting businesses from both countries in expanding and developing their operations.

Senior executives and delegations from Vietcombank and Shinhan Bank Korea pose for a commemorative photo following the working session

The working session reflects the strong commitment and goodwill of both Vietcombank and Shinhan Bank Korea to further enhance bilateral cooperation, laying an important foundation for more substantive, effective, and sustainable collaboration in the time ahead.

VCB News