Shinhan Financial Group expands partnership with Vingroup
According to The Korea Times Business, Shinhan Financial Group is expanding its partnership with Vietnam’s VinGroup beyond motor vehicle finance into capital markets. The two sides discussed new areas of cooperation, including equity and bond financing, as Shinhan Bank Vietnam and Shinhan Vietnam Finance have financed VinFast and plan to broaden vehicle finance as VinFast EV demand grows.
Key facts
- 01The Korea Times Business says Jin Ok-dong met VinGroup executives Thursday at Shinhan Bank Vietnam’s Ho Chi Minh City headquarters to discuss new cooperation areas beyond vehicle finance.
- 02The Korea Times Business says since 2024 Shinhan Bank Vietnam has provided a cumulative 100 million USD in loans to VinFast customers.
- 03The Korea Times Business says Shinhan Securities Vietnam has been appointed sole arranger for VinGroup’s first Arirang bond, with 40 billion won to be invested and a joint lead manager role.
- 04The Korea Times Business says they plan to explore capital market opportunities including equity and bond financing through Shinhan Securities Vietnam, and expand vehicle finance as VinFast EV demand grows.
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- Shinhan Financial expands partnership with Vietnam's Vingroup · The Korea Times Business