SHB: Leading National Budget Contributor and Dedicated Social Welfare Partner for Years

According to the 2025 CafeF Lists, the top 200 companies in the VNTAX 200 list contributed nearly VND 800 trillion to the state budget in 2024, accounting for approximately 40% of the national budget revenue. The private sector alone contributed nearly VND 245 trillion, with several companies paying over VND 10 trillion. This clearly demonstrates the resilience of the private sector, a key driver of Vietnam’s economic growth.

Among these, SHB stands out with a contribution of nearly VND 2.5 trillion, ranking among the top 20 private banks in terms of tax payments. This figure reflects the bank’s growing financial strength, stable growth, effective management, and adaptability in a dynamic market.

Over the years, SHB has consistently been among the top private banks in terms of tax contributions. From 2021 to 2023, the bank contributed over VND 5.5 trillion to the national budget, equivalent to about one-fifth of its pre-tax profit during the same period. Beyond its financial significance, this contribution supports critical sectors such as education, healthcare, infrastructure, and social welfare, underscoring SHB’s commitment to sustainable development alongside national and community responsibilities.

The VND 2.5 trillion tax contribution is not merely a result of business operations but a reflection of SHB’s comprehensive development strategy. The bank remains committed to growth intertwined with community and national responsibilities. SHB focuses on key pillars in its robust and comprehensive transformation strategy aligned with sustainable development: reforming mechanisms, policies, regulations, and processes; prioritizing people; customer and market-centric approaches; and modernizing information technology and digital transformation. SHB continues to uphold its six core values: “Heart – Trust – Integrity – Knowledge – Intelligence – Vision.”

Technology and Digitalization Milestones

In the digital age, technology is a competitive edge for banks. SHB has proactively invested in digital transformation, making innovation a core focus. The bank has launched and continuously updated its next-generation digital banking applications, SHB SAHA and SHB Corporate Online, with modern and convenient features.

Notably, SHB SAHA integrates comprehensive financial services, from savings and payments to loans, insurance, and investments, enabling customers to manage their finances conveniently and securely. With its user-friendly interface and “one-touch” experience, SHB SAHA is poised to connect the bank with younger customers, enhancing its competitiveness in the financial sector’s digital race.

Corporate Lending and SME Support

SMEs account for over 90% of Vietnamese businesses but often face challenges in accessing capital. Recognizing this, SHB launched a VND 11 trillion credit package in 2024, with VND 10 trillion for working capital and VND 1 trillion for vehicle purchases. With a 2-hour approval process, SHB helps businesses promptly secure funds for operations. In 2025, SHB announced a VND 22 trillion credit package for SMEs.

These efforts have earned SHB recognition from Euromoney as the “Best SME Bank in Vietnam.” Solutions such as cash flow management, automatic overdraft facilities, and SLINK account-based collection services have also garnered international accolades. This not only highlights SHB’s banking efficiency but also its role in creating a sustainable capital flow, driving the private sector—a vital economic force.

Retail Banking: A New Growth Engine

Alongside corporate banking, SHB has identified retail banking as a strategic pillar for 2024–2028. The bank continuously diversifies its retail products, including credit cards, consumer loans, linked insurance, and flexible savings. This high-potential segment provides stable revenue and expands the bank’s service reach. SHB aims to become the “Best Retail Bank,” alongside goals to be the “Most Efficient Bank” and the “Most Preferred Digital Bank.” This customer-centric approach solidifies SHB’s position among Vietnam’s leading private banks.

Beyond business operations, SHB is recognized for its active engagement in community and local development. The bank has implemented numerous credit programs for agriculture, rural areas, businesses, and cooperatives, fostering production expansion, job creation, and income growth.

SHB also actively participates in social welfare initiatives, supporting education, healthcare, infrastructure, and sustainable poverty reduction projects. These efforts reinforce SHB’s image as a “corporate citizen” deeply connected to community life. In the past year, SHB allocated over VND 150 billion for social welfare activities, including more than VND 100 billion to Soc Trang Province (now part of Can Tho City). The bank was honored with a Prime Minister’s Commendation for its contributions to eliminating temporary and dilapidated housing.

During the COVID-19 pandemic, SHB proactively launched credit support packages, debt restructuring, and interest waivers for hundreds of thousands of customers. Additionally, SHB organized numerous charitable activities, donating medical supplies and food to help people through the crisis. SHB and businesses within Do Quang Hien’s ecosystem contributed over VND 1.5 trillion to pandemic response efforts.

In 2024, when Typhoon Yagi severely impacted several provinces, SHB collaborated with the Fatherland Front Committee to conduct surveys and provide financial and emotional support, helping residents stabilize their lives.

SHB’s tangible actions demonstrate its strong commitment to social welfare, community, and the nation’s future. The bank has been awarded the Second-Class Labor Order (twice), the Third-Class Labor Order (twice), and numerous other honors for its collective and individual contributions.

Continuing its three-decade legacy, SHB remains dedicated to sustainable development, spreading positive values and contributing to Vietnam’s new era of national advancement.

With over 32 years of establishment and growth, SHB has solidified its position as a leading financial institution. Beyond being a robust private bank, SHB plays a vital role in the nation’s development, contributing to Vietnam’s progress into a new era.

The bank is entering a phase of accelerated growth, integrating financial, digital, and customer ecosystems. SHB aims to achieve a total asset size of VND 1,000 trillion by 2026, marking a significant milestone in its domestic and regional market presence.