After an impressive growth in 2020, Saigon – Hanoi Commercial Joint Stock Bank (SHB) proposed a plan to increase profit by 70% in 2021 – the largest increase ever.

SHB has just announced its business plan for 2021, specifically, profit before tax will grow by 70% compared to 2020. This plan has been built on the foundation of solid growth over the years. As a proof of being able to fulfill its announced plan; SHB has always completed and exceeded its proposed plan. This demonstrates the correct and firm business direction and strategy in SHB’s development journey, confirming the bank’s outstanding efforts and determination.

Entering 2020, SHB has officially closed the Habubank merger process, basically completing the remaining problems of the merger project with outstanding business results, becoming a bright spot in the past 10 years of the bank. This imprint continues to be one of the great driving forces contributing to the strong transformation of SHB in the next stage, opening up a picture of spectacular growth.

In 2020, SHB has completed all 3 pillars of Basel II through meeting the requirements of Circular 41, Circular 13; forming a safe pillar for an effective and quality growth period according to the bank’s next business strategy. SHB also completed raising capital to more than VND 17,500 billion through paying dividends and issuing new shares, further improving the safety target.

With the companionship of reputable consulting firms (E&Y, KPMG, PWC) and leading information technology solution providers in the world (SAP, Oracle, IBM, etc.), digital transformation and bank modernization projects, risk management policy systems under Basel II of SHB have been invested and promoted strongly, making an increasingly important contribution to the bank’s effective business operations. SHB is showing high determination and outstanding efforts to enter the stage of strong development in both quality and quality in the coming time.