This distinction underscores SHB’s comprehensive transformation strategy, including investment portfolio restructuring, financial capacity enhancement, digital transformation acceleration, and sustained market expansion, thereby contributing positively to Vietnam’s financial market development.

Saigon – Hanoi Commercial Joint Stock Bank (SHB) has been awarded  “Companies with the Outstanding M&A Deal of 2024–2025” at the Vietnam M&A Forum 2025—Vietnam’s most prestigious annual event on mergers and acquisitions, organized by Finance and Investment Newspaper. The award, selected by the Forum’s judging panel, affirms SHB’s notable achievements and strategic execution in M&A activities.

This is considered one of the most outstanding M&A deals in the Vietnamese finance and banking market during the 2024-2025.

In early November 2024, SHB announced a resolution approving the capital transfer of Saigon–Hanoi Commercial Joint Stock Bank Finance Company Limited (SHBFinance). Specifically, SHB will continue to transfer its remaining 50% of charter capital in SHBFinance under the agreement signed with Ayudhya Public Limited Bank (Krungsri) of Thailand—a member of Japan’s MUFG Group—in Phase 2.

“‘Companies with the Outstanding M&A Deal of the Year 2024–2025’ award is a valuable recognition of SHB’s persistent efforts in executing its comprehensive transformation strategy. The capital transfer at SHBFinance not only strengthens SHB’s financial foundation for sustainable growth but also reflects our strategic vision in partnering with leading international financial institutions such as Krungsri and the MUFG Group.”

“SHB is committed to continuing to pursue a prudent, efficient, and sustainable business growth strategy, promoting digital transformation, increasing value for customers and shareholders, and making positive contributions to the development of the Vietnamese finance and banking market,” shared Mr. Do Quang Vinh, Vice Chairman of the Board of Directors and Deputy Chief Executive Officer of SHB.

Mr. Do Quang Vinh represented SHB at the ceremony to receive the award.

The SHBFinance deal also marks another milestone under the leadership of Mr. Do. In August 2021, as Chairman of SHBFinance, he led the negotiation resulting in the agreement to transfer 100% of the company’s charter capital to Krungsri. Krungsri valued the deal at approximately USD 156 million (VND 3,500 billion), equivalent to 3.5 times SHBFinance’s charter capital.

In May 2023, SHB completed the first-phase transfer of 50% of SHBFinance’s charter capital, after which the company transitioned from a single-member limited liability finance company to a limited liability finance company under a new license from the State Bank of Vietnam. Following Krungsri’s request to accelerate the timeline, SHB and Krungsri are finalizing the second-phase transfer.

In 2023, Mr. Do Quang Vinh also played a decisive role in the capital transfer deal at Saigon – Hanoi Insurance Corporation (BSH). As Chairman of the Board of BSH, he led negotiations with DB Insurance Co., Ltd. (DBI) of South Korea, resulting in DBI becoming BSH’s strategic shareholder with a 75% charter capital stake, announced in March 2024. Although the deal value was undisclosed, it was estimated at trillions of VND. Mr. Vinh further facilitated DBI’s acquisition of a 75% stake in Vietnam Aviation Insurance Corporation (VNI).

Vietnam continues to draw substantial regional M&A capital on the back of stable economic growth, improving institutional frameworks, and a series of pivotal policy reforms—including Resolution 66 on legal reform, Resolution 68 on private-sector development and prioritization, and ongoing initiatives to upgrade the stock market. Against this favorable backdrop, SHB’s capital transfer transactions—most notably the SHBFinance deal—have been recognized by industry experts as among the most notable and impactful M&A activities in recent years..

As of September 30, 2025, our total assets reached VND 852,695 billion, up 14.1% from the end of 2024, already surpassing its full-year target. The bank aims to reach VND 1 quadrillion in total assets by 2026. SHB remains among the Top 5 largest private commercial banks in Vietnam by charter capital, with a market capitalization exceeding USD 3 billion.

SHB’s General Meeting of Shareholders recently approved a plan to increase its 2025 charter capital by VND 7,500 billion, through issuing over 459 million shares to existing shareholders, privately offering 200 million shares to professional investors, and issuing more than 90 million Employee Stock Ownership Plan shares.

Upon completion, SHB’s charter capital is expected to exceed VND 53,400 billion, placing it among the Top 4 private banks in Vietnam.

SHB is undergoing a comprehensive transformation toward becoming the most efficient bank, the most favored digital bank, the premier retail bank, and the primary provider of financial products and services to strategic private and State corporate customers with a green supply chain, value chain and ecosystem. By 2035, SHB aspire to be a modern retail bank, a green bank, and a digital bank among the regional leaders.