Shinhan Bank, Viglacera to facilitate investment, strengthen cooperation through MoU

Shinhan Bank, Viglacera to facilitate investment, strengthen cooperation through MoU

Shinhan Bank Vietnam and Viglacera Real Estate Company has officially signed a Memorandum of Understanding, part of a strategy to attract foreign investors to Việt Nam, especially Korean investors.

Ryu Je Eun, deputy general director of Shinhan Bank Vietnam (left) and Trần Ngọc Anh, deputy general director of Viglacera Corporation JSC (right) signed a MoU on March 20 in Hà Nộito facilitate foreign investment and strengthen cooperation. Photo courtesy of Shinhan Bank

Within the framework of the agreement, Shinhan Bank will introduce to Viglacera potential Vietnamese investors and foreign investors from Korea, China, and other countries that have plans to invest directly into Việt Nam.

It will also connect foreign invested companies that want to lease land in industrial parks with Viglacera and coordinate to place Viglacera's marketing materials at all Shinhan Bank’s branches nationwide.

Viglacera will help promote Shinhan Bank and its diverse product packages, including account and loan packages and other financial services to companies that currently are leasing land in industrial parks developed and operated by Viglacera. 

It will also be a connecting point between Shinhan Bank and its land tenants who seek financial-banking solutions.

The two parties will jointly organise conferences and forums to promote investment in Việt Nam and abroad.

Viglacera has long established a close cooperative relationship with the Korean business community. 

This strategic partnership agreement reflects the joint efforts of Shinhan Bank and Viglacera to enhance the attraction of investment capital from Korea, contributing to the socio-economic development of Việt Nam.

Trần Ngọc Anh, deputy general director of Viglacera Corporation JSC and director of Viglacera Real Estate Company, said his company currently has more than 150 customers who are Korean-invested enterprises, so the cooperation marks an important milestone in Viglacera's development strategy.

Anh added that the cooperation would “optimise business value and strongly resonate the advantages of Viglacera and Shinhan Bank, helping both parties improve operational efficiency and increase competency in the market”.

Ryu Je Eun, deputy general director of Shinhan Bank Vietnam, said the partnership between Shinhan Bank and Viglacera is “built on trust, respect, and a shared vision for the future”.

“This connection will focus on providing a comprehensive product and service package from industrial park infrastructure to financial solutions for existing customers of both parties, followed by attracting foreign-invested enterprises, especially Korean-invested enterprises,” he added.

Ryu Je Eun said: “The close coordination of expertise, resources, and the determination of both sides will take this cooperative relationship further and achieve certain successes in the future.”

In the coming time, the two parties will focus on promoting cooperation to provide optimal support to foreign-invested enterprises, especially Korean-invested enterprises, while strengthening communication activities to enhance brand awareness and optimise customer experience.

Shinhan Bank Vietnam Limited is a subsidiary of Shinhan Bank Korea, an affiliate of Shinhan Financial Group (SFG).

It opened its first representative office in HCM City in 1993. Shinhan Bank offers diverse, tailored corporate and consumer banking products and solutions.

Viglacera Real Estate Company is a member company of Viglacera Corporation JSC, which was established in 1974. It is the leader in manufacturing, trading construction materials, and real estate investment in Việt Nam. 

Viglacera is currently the leading industrial park investor in the country with more than 25 years of experience. It has invested in 14 industrial parks in Việt Nam.

Viglacera’s products are exported to 40 countries around the world, contributing over US$30 million to Việt Nam’s annual export turnover. 

Bizhub