Shinhan Bank Vietnam Limited (“Shinhan Bank”) is a subsidiary of Shinhan Bank Korea, an affiliate of Shinhan Financial Group (SFG), the leading financial holding company in Korea. Over the history of 30 years, Shinhan Bank has built a broad network, towards the target of “Becoming the leading digital bank in Vietnam in 2030”.

PVI Insurance Corporation (“PVI Insurance”) is a leading non-life insurance company in Vietnam in financial indicators, with the largest charter capital. It is also the first and only Non-Life Insurance Company to receive the Financial Strength Rating of A- (Excellent) and an Issuer Credit Rating of “A-” (Excellent), leading the list of Top 10 reputable non-life insurance enterprises in Vietnam in 2024 and is the only Non-life insurance enterprise to be in the top 50 most profitable enterprises in Vietnam for 3 consecutive years (2021, 2022, 2023).

On August 1, 2024, PVI Insurance and Shinhan Bank officially signed an insurance business partnership at Shinhan Bank's headquarters. This signing event is a milestone for a sustainable collaboration between Shinhan Bank and PVI Insurance, thereby promoting the strengths of both parties in offering customers optimal, secured, and convenient financial protection solutions.

Mr. Kang GewWon – CEO & General Director of ShinhanBank Vietnam, stated: “This signing ceremony established a foundation for the partnership between two parties and serves as the premier for the next successes in the partnership between Shinhan Bank and PVI Insurance. This will effectively promote the available strengths of both parties, opening up numerous potential development opportunities for Shinhan Bank and PVI Insurance. For Shinhan Bank, we will have more diversified products and services to optimally meet the financial protection demands of customers. Likewise, PVI Insurance will also have more potential customers when distributing insurance products through Shinhan Bank’s broad network nationwide”. 

Mr. Pham Anh Duc, CEO of PVI Insurance Corporation shared: “With the experience and capacity of a market-leading enterprise, we are committed to collaborating with Shinhan Bank Vietnam to bring customers the best products, services, and mutual benefit, along with creating high-value results and promoting a good relationship between two parties”

Accordingly, within the framework of the agreement, the insurance products will be distributed through ShinhanBank’s network of 51 branches and transaction offices nationwide, making it easier for customers to access a wide range of products and services, promising many new positive experiences.