Saigon – Hanoi Bank (SHB) was honored by Alpha Southeast Asia Magazine as “Vietnam’s Best Trade Finance Bank” in 2022. This is the fourth consecutive year that SHB has been selected by Alpha Southeast Asia for this award. This has affirmed the Bank’s prestige, service quality and especially the solid position among the leading trade finance banks in Vietnam.
Alpha Southeast Asia magazine is an investment publication with in-depth contents on Southeast Asian banking and capital markets. Readers of the magazine come from banks and financial institutions around the world, as well as professional investors in Hong Kong, Singapore, USA, Europe and the Middle East.
Surpassing many big competitors with impressive indicators, SHB was honored as the “Best Trade Finance Bank in Vietnam” in 2022. The value of SHB’s international payments in 2021 has increased remarkably, by nearly 82% over the previous year, from USD 4.64 billion to USD 8.43 billion, of which the value of trade finance increased by more than 45% over the previous year, from USD 2.49 billion to USD 4.58 billion. With such impressive growth, SHB has strongly affirmed its position among the largest private joint stock banks in terms of international payment volume and trade finance.
With a network of more than 500 correspondent banks worldwide, SHB has a great advantage in providing payment services to customers in different regions of the world. Especially, with a good credit rating, SHB is trusted by many international financial institutions to grant credit lines to serve customers’ import and export transactions. In addition, the extensive network of more than 530 transaction points in Vietnam, Laos and Cambodia also plays an important role in serving customers in a timely and convenient manner.
In the past time, SHB has launched many superior trade finance products, accompanying businesses to develop sustainably, such as UPAS L/C products, pre-shipment export financing, etc. For import and export customers who regularly conduct international money transfers, SHB provides customers with an international money transfer fee package with attractive incentives.
In recent years, SHB has improved and simplified procedures to facilitate businesses to access bank capital more conveniently to develop many SCF products to improve their competitiveness, forming value-linked chains, strengthening Vietnamese brands in the international market… Besides, SHB has also cooperated with large enterprises and leading enterprises in the industry’s value chain in line with SHB’s business direction to support enterprises with market information, distribution channels, capital and technology solutions, training and guidance, and management improvement…
In particular, SHB is one among 14 Vietnamese banks participating in ADB’s Trade Finance Program (TFFP) as an issuing bank. ADB’s officially granted limit to SHB amounted to USD 70 million, and up to USD 130 million can be used. SHB has always been one of the banks that use the full limit to finance import L/Cs of customers.
Ms. Ngo Thu Ha, Acting CEO of SHB said: “The award has once again confirmed SHB’s outstanding position as one among the Top largest private joint stock banks in terms of international payment volume and trade financing. At the same time, it has also affirmed the brand reputation of the Bank not only within the country but in the world as well. In the coming time, SHB will promote its competitive advantages in terms of global partner network, diversified and high quality products. Besides, the Bank will also focus on simplifying processes, investing in technology to bring safe experience with international standards to customers, improving the competitiveness of SHB.”
Ms. Ngo Thu Ha also added that the Bank’s products have been regularly reviewed and improved by a professional team with profound understanding on customers based on needs, feedback… By classifying customers into different segments, SHB can offer competitive and flexible prices for each customer group. Thanks to a diversified product portfolio and good customer service, SHB has increasingly attracted businesses, especially from key import and export sectors, such as agriculture, seafood, textiles, etc. and supported them promote international business activities in the global value chain. In the coming time, SHB will develop advanced trade finance products, such as Supply Chain Financing (SCF), BPO, Blockchain, Factoring, etc., and apply 4.0 technology in trade financing and international payment activities.