Under the framework of the cooperation agreement, Shinhan Bank will be PJICO's priority banking partner when there is a need for loans, refinancing or credit extension. At the same time, Shinhan Bank will widely distribute PJICO's non-life insurance products, including: property, engineering, fire, motor vehicle, goods, health insurance... to Shinhan Bank's customers nationwide.

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The strategic cooperation between two large Financial - Insurance institutions not only helps businesses of both sides effectively exploit existing business platforms but also gives customers the opportunity to access diverse, convenient and safe insurance products.

Shinhan Bank and PJICO will also cooperate extensively in implementing cash flow management, foreign exchange and derivatives trading solutions to optimize financial efficiency and promote growth potential of both parties.

Speaking at the signing ceremony, Mr. Ryu Je Eun - Deputy General Director of Shinhan Bank Vietnam, shared: “The cooperative relationship between Shinhan Bank and PJICO is built on trust, respect and a shared vision for the future. We believe that the close combination of expertise, resources and determination of both sides will take this cooperative relationship further and achieve certain successes in the future. Thereby, not only providing customers with outstanding financial solutions, but also actively contributing to the sustainable development of the economy and the community”.

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Mr. Ryu Je Eun - Deputy General Director of Shinhan Bank Vietnam spoke at the signing ceremony

Ms. Nguyen Thi Huong Giang - General Director of PJICO, emphasized: “Today's cooperation agreement marks an important milestone in PJICO's development strategy, especially at a time when PJICO is about to celebrate its 30th anniversary. This cooperation not only opens up opportunities for deeper development between the two parties but also brings to the market comprehensive financial and insurance products and services, enhancing convenience and diversity for customers. At the same time, this combination will optimize business value and strongly resonate the advantages of PJICO and Shinhan Bank, helping both parties streamline processes, minimize operating costs, improve operational efficiency and increase competitiveness in the market".

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Ms. Nguyen Thi Huong Giang - General Director of Petrolimex Insurance Corporation (PJICO) spoke at the signing ceremony.

With a development history of more than 30 years and a solid reputation in the Vietnamese market, Shinhan Bank is one of PJICO's comprehensive partners in providing quality financial products and services, effectively meeting the capital needs of enterprises to promote their business.

As for PJICO, with its position as the leading non-life insurance brand in Vietnam, over the past 30 years, PJICO has been an insurance partner and a solid financial support for thousands of organizations, businesses and tens of millions of individual customers nationwide. Choosing PJICO as a strategic partner affirms Shinhan Bank's trust in PJICO's financial strength, management experience and development potential, demonstrating its ability to effectively accompany and support partners in optimizing business value, thereby creating strong resonance in cooperation projects.

The Dinh