On September 23, 2024, in Hanoi, the Saigon-Hanoi Commercial Joint Stock Bank (SHB) and Vietnam Steel Corporation (VNSTEEL) signed a cooperation agreement, marking the strong connection between these two leading organizations in Vietnam.
The signing ceremony of the cooperation agreement marked an important step, further solidifying the extensive relationship between SHB and VNSTEEL.
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According to the signed agreement, from 2024 to 2029, SHB and VNSTEEL committed to long-term and mutually beneficial cooperation in multiple fields, maximizing their strengths to boost growth and expand their businesses. This will enhance their efficiency and competitive advantage in the market.
SHB will provide VNSTEEL with financial services and solutions, leveraging modern technological platforms and preferential policies without limitations. The bank will also offer financial sponsorship to VNSTEEL and its subsidiaries and affiliated companies, along with payment solutions, cash flow management, international payments, trade finance, and preferential banking products and services for VNSTEEL’s employees.
VNSTEEL, in turn, will prioritize using SHB’s financial products and solutions, ensuring both quality assurance and competitive costs. The corporation, along with its subsidiaries and employees, will also utilize SHB’s corporate and personal customer services.
 Ms. Ngo Thu Ha, CEO of SHB, affirmed that SHB would provide comprehensive, professional, and modern financial solutions tailored to VNSTEEL’s needs.
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Speaking at the ceremony, Ms. Ngo Thu Ha, CEO of SHB, emphasized: “The signing of the cooperation agreement between SHB and VNSTEEL marks a significant milestone, opening a new chapter in the relationship between the two units. SHB will provide comprehensive, professional, and modern financial solutions tailored to VNSTEEL’s needs and business characteristics. We will also strengthen coordination with the Corporation and its subsidiaries to solidify our partnership.”
With 571 transaction offices in Vietnam and abroad, robust financial resources, and continuous innovation, SHB invests in modern infrastructure and applies cutting-edge technologies, including AI and Big Data, to deliver the best solutions to its customers.
Mr. Nghiem Xuan Da, Member of the Board of Directors and CEO of VNSTEEL, shared: “The formation and development of VNSTEEL are closely linked to the country’s history. VNSTEEL aims to consolidate and maintain its position as one of the leading steel manufacturers, striving for harmony with the environment and the surrounding community while making an impact in the global market. To achieve this goal, VNSTEEL has developed a sustainable development strategy until 2050, divided into short, medium, and long-term phases. During the 2024-2050 period, VNSTEEL focuses on upgrading its equipment and machinery with modern technology to embrace green production and sustainable development. VNSTEEL trusts SHB’s advanced products, services, and solutions, and through this cooperation, we believe SHB will be a reliable partner, offering practical financial solutions to support VNSTEEL in this phase.”
The cooperation agreement between Vietnam’s leading enterprise and bank will further strengthen their extensive relationship, empowering them to conquer their business goals together. This partnership will contribute to the robust development of the country’s economy.
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During the 2024-2028 period, SHB is implementing a comprehensive Transformation Strategy based on four pillars: Reform of mechanisms, policies, regulations, and processes; People-centric approach; Customer and market focus; and Modernization of information technology and digital transformation, while adhering to six core cultural values: “Heart, Trust, Faith, Knowledge, Wisdom, and Vision.” |
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