Sai Gon-Ha Noi Bank (SHB) and Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Viet Nam and the World Bank.
Do Quang Hien, chairman of Sai Gon-Ha Noi Bank (SHB)’s management board, is the only entrepreneur from the financial and banking sector to be honoured at the Asia Pacific Entrepreneurship Awards – APEA 2017.
SHB Cambodia Bank, Vietnamese Sai Gon–Ha Noi Bank (SHB)’s wholly-owned subsidiary, has been honoured as the outstanding small-and-medium sized enterprise (SME) 2017 with the best bank products and services.
SHB Cambodia Bank, the Sai Gon–Ha Noi Bank (SHB)’s wholly-owned subsidiary, was given approval to increase its chartered capital from the current US$50 million to $75 million.
Sai Gon-Ha Noi Bank (SHB) will issue 100 million shares worth VND1 trillion (US$ 43.8 million) to shareholders under its merger plan with Vinaconex-Viettel Finance JSC (VVF), the bank announced in a statement on Monday.
The Asia Commercial Bank (ACB) will be the latest bank to join the wave
of mergers among commercial banks and finance companies that is expected
to become a major trend this year.