SHB and Vinachem Sign Strategic Partnership Agreement
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On November 25, Saigon-Hanoi Commercial Joint Stock Bank (SHB) and Vietnam Chemical Group (Vinachem) officially signed a strategic partnership agreement. This collaboration aims to leverage the strengths of both entities to drive growth, diversify business activities, and enhance market competitiveness.
As one of Vietnam’s leading private commercial banks, SHB will provide Vinachem and its subsidiaries with comprehensive financial solutions, including corporate credit, cash flow management, financial advisory, guarantees, and modern banking services. Through this partnership, SHB will not only deliver tailored financial products but also expand collaboration into critical non-financial sectors. Key focus areas include facilitating market connections for input and output within the business community, advancing research and development (R&D), promoting domestic and international trade and investment, modernizing technology, driving digital transformation, expanding business ecosystems, and developing sustainable supply chains. These efforts will optimize mutual strengths and propel shared growth strategies, contributing to broader community and national development.
With a workforce of nearly 20,000 employees and a network of 34 member units nationwide, Vinachem will serve as a vital partner for SHB in market expansion, product development, and brand elevation.
Beyond business collaboration, SHB and Vinachem are committed to organizing cultural, sports, and community activities to foster stronger relationships among employees, ensuring a sustainable and long-term partnership built on shared values.
At the signing ceremony, Mr. Do Quang Hien, Chairman of SHB, stated: “This agreement is more than a formal commitment; it signifies a long-term partnership of mutual support and growth. We believe this collaboration will create significant value for both parties and positively impact the economy and society at large.”
Representing Vinachem, Mr. Phung Quang Hiep, Chairman of the Board of Members, emphasized that this partnership marks a new chapter in the relationship between the two organizations, fostering long-term cooperation based on equality, efficiency, and sustainability. He highlighted Vinachem’s 56-year legacy of restructuring, digital transformation, and commitment to green development and international integration. Partnering with a reputable and financially robust institution like SHB is a strategic decision for Vinachem.
Mr. Phung Quang Hiep praised SHB as a leading financial institution and trusted partner for major industrial and investment groups. He described the agreement as a “breakthrough step” that will connect resources, optimize industry advantages, and enhance market competitiveness. This collaboration will expand the product-service ecosystem, accelerate digital transformation, and create sustainable value, contributing to socio-economic development.
With 56 years of expertise, Vietnam Chemical Group (Vinachem) is a cornerstone of Vietnam’s chemical industry, operating in sectors such as basic chemicals, fertilizers, rubber, consumer cleaning products, batteries, and plant protection products. Vinachem aims to accelerate digital transformation, green development, market expansion, and internal capacity building during the 2025-2030 period.
This partnership underscores the long-term vision and commitment of SHB and Vinachem to fostering multi-dimensional cooperation, contributing to Vietnam’s prosperity in the new era.
Over three decades, SHB has achieved significant milestones, establishing itself as a leading player in Vietnam’s financial market and expanding globally while adhering to principles of sustainability, safety, and efficiency.
SHB ranks among the TOP 5 private commercial banks in Vietnam by charter capital and is recognized as one of the TOP 10 most reputable private commercial banks by Vietnam Report. It is also listed among the TOP 200 largest enterprises in Southeast Asia by Fortune Magazine and serves as a strategic partner to global financial institutions such as IFC, ADB, and WB.
In recent years, SHB has strengthened strategic partnerships with major enterprises, including state-owned corporations like PV Power, Vietnam Airlines, Vinaphone, EVN, and Vietnam Steel Corporation. These collaborations aim to create a high-quality partner ecosystem, offering customers the best products and services at competitive prices.
SHB is implementing a comprehensive transformation strategy centered on four pillars: reforming mechanisms, policies, and processes; prioritizing human capital; customer and market-centric approaches; and modernizing IT and digital transformation. Guided by the core values of “Heart – Trust – Integrity – Knowledge – Intelligence – Vision,” SHB aspires to lead in efficiency, become the most preferred digital bank, excel in retail banking, and be a top provider of financial services to strategic corporate clients. By 2035, SHB aims to be a leading modern retail bank, green bank, and digital bank in the region.
– 10:01 26/11/2025
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