The partnership between SHB and VNSTEEL signifies a crucial advancement in their relationship, as they join forces to promote development and enhance Vietnam’s economic growth.

On September 23, 2024, in Hanoi, Saigon – Hanoi Bank (SHB) and Vietnam Steel Corporation (VNSTEEL) conducted a signing ceremony for a cooperation agreement, highlighting the strong partnership between these two leading organizations in Vietnam.

According to the agreement, SHB and VNSTEEL will engage in a long-term, mutually beneficial collaboration from 2024 to 2029, focusing on multiple operational areas. This alliance aims to leverage their strengths, foster growth, expand business activities, and enhance market efficiency and competitive advantage.

The signing ceremony between SHB and VNSTEEL marks the strong connection between two leading organizations in Vietnam.

SHB will offer financial services and solutions powered by modern technology platforms, along with unlimited preferential policies that will be updated periodically to VNSTEEL. Additionally, the Bank will supply capital to VNSTEEL and its subsidiaries, as well as provide payment solutions, cash flow management, international payment services, trade finance, and special banking products for VNSTEEL employees.

VNSTEEL will prioritize utilizing SHB’s financial products and solutions, which are guaranteed to be of high quality and competitively priced. Furthermore, the Corporation, along with its subsidiaries and employees, will take advantage of SHB’s services for both corporate and individual customers.

At the ceremony, Mdm. Ngo Thu Ha, CEO of SHB, stated: “The signing of the cooperation agreement between SHB and VNSTEEL marks a significant milestone, ushering in a new chapter in our partnership. SHB is committed to delivering comprehensive, professional, and modern banking and financial solutions tailored to the needs and business characteristics of VNSTEEL. We also aim to enhance collaboration with the Corporation and its subsidiaries to strengthen our cooperative relationship.”

With 571 domestic and international transaction points and robust financial resources, SHB continuously innovates by investing in modern infrastructure and leveraging cutting-edge AI technology and Big Data. This approach enables the Bank to deliver solutions that effectively meet customers’ needs.

SHB CEO Ngo Thu Ha speaks at the signing ceremony

Mr. Nghiem Xuan Da, Member of the Board of Directors and CEO of VNSTEEL, stated: “The establishment and growth of VNSTEEL are closely intertwined with the country’s development history. Our goal is to solidify our position as a leading steel manufacturer while promoting harmony with the environment and surrounding communities, and enhancing our reputation in the global market. To realize this goal, VNSTEEL has developed a sustainable strategy extending to 2050, structured into short, medium, and long-term phases. From 2024 to 2050, we will focus on upgrading our equipment and machinery for green production and sustainable growth. We have confidence in SHB’s innovative products, services, and solutions. Through our cooperation agreement with SHB, we look forward to establishing a reliable partnership that provides practical financial support for VNSTEEL during this period.”

The signing of this cooperation agreement between Vietnam’s leading enterprise and bank will further enhance the strong relationship between both parties, fostering a collaborative approach to achieving business goals, supporting each other’s growth, and contributing to the strength of the national economy.