Businessman Do Quang Vinh and trillion-dollar deals in the business world

From April 19 to May 17, Mr. Do Quang Vinh - Vice Chairman of SHB Board of Directors - will start buying more than 100.2 million SHB shares, expected to increase ownership to 101.1 million shares, equivalent to 2.79% of capital. If the transaction is successful, Mr. Vinh will be the person with the highest SHB share ownership ratio in the bank's Board of Directors. The value of Mr. Vinh's shares is estimated at more than VND 1,160 billion at market price.

After information about the transaction of SHB Vice Chairman Do Quang Vinh appeared, SHB shares hit the ceiling in the session of April 15. However, the general market fell sharply, causing SHB shares to narrow their increase.

At the end of the session, SHB stock was the only green stock in the banking industry and VN30 group, and was also one of the 10 stocks with the strongest growth in the market. Trading volume reached nearly 100 million shares in the session, the second highest in history, foreign investors also net bought more than 2.7 million SHB shares.

In the following sessions, SHB shares maintained their green color despite market fluctuations. On the morning of April 19, SHB shares traded actively and maintained their green color, around VND11,300/share.

The performance of SHB shares partly reflects investors' confidence in the information about SHB Vice Chairman Do Quang Vinh registering to buy a large amount of shares, as well as expectations for future breakthroughs and a strong, comprehensive transformation strategy.

In early April, Mr. Vinh also completed the purchase of all 5 million SHS shares.

Trillion dollar deals

Three years ago, Mr. Do Quang Vinh returned to Vietnam from the US, taking on the position of Deputy Director of SHB Retail Banking, then was appointed Deputy General Director in charge of many important responsibilities, especially the bank's comprehensive transformation strategy. At the 2023 annual general meeting of shareholders, he was elected to the position of Vice Chairman of the Board of Directors, becoming the youngest leader in the bank's history.

Over time, Mr. Do Quang Vinh's image has been associated with breakthroughs and innovations at SHB, along with the success of trillion-dong deals.

When mentioning the outstanding achievements of SHB Vice Chairman Do Quang Vinh, it is impossible not to mention the capital sale transaction at SHB Finance.

In August 2021, as Chairman of SHBFinance, Mr. Do Quang Vinh chaired and directly participated in the negotiation process and signed an agreement to transfer 100% of the charter capital of the consumer finance company to Krungsri Bank of Thailand.

According to Krungsri, the estimated value of the deal is 156 million USD, equivalent to 3,500 billion VND, 3.5 times the charter capital of SHBFinance. In May 2023, SHB completed the first phase, transferring 50% of SHBFinance's capital to a Thai bank. The two parties will continue to transfer the remaining 50% of the charter capital after 3 years according to the signed agreement.

At that time, SHB Vice Chairman Do Quang Vinh emphasized that this transaction would bring significant surplus to SHB shareholders, creating more resources for the bank to promote business activities in key segments, enhance financial capacity and capital buffer. In particular, SHB will continue to invest more in the transformation process, opening up many new development opportunities in the region.

Also in 2023, businessman Do Quang Vinh continued to make his mark in the market with the capital transfer deal at Saigon - Hanoi Insurance Corporation (BSH). Mr. Vinh, as Chairman of the Board of Directors of BSH, chaired the entire capital transfer negotiation process between BSH shareholders and DB Insurance Co., Ltd (DBI) - the leading non-life insurance company in Korea.

Last March, BSH announced that strategic shareholder DB Insurance Co., Ltd holds 75% of BSH's charter capital. The value of the deal was not disclosed, however, the market reported that the figure reached thousands of billions of VND. Notably, in addition to the deal at BSH, Mr. Vinh also played an important role in connecting, advising and cooperating with the Vietnam National Aviation Insurance Corporation (VNI) to sign a contract to transfer 75% of capital to DBI.

After participating in leadership and management at SHB and SHS, Mr. Vinh also registered to buy a large amount of shares of these organizations, as an affirmation of the development potential of the business, the bank, and to accompany and strengthen the trust of other minority shareholders in the market.

The next generation leader - innovating and creating the future

Not only known as a businessman who "closes deals" worth thousands of billions in the market, Mr. Do Quang Vinh is an innovative leader, promoting breakthroughs for organizations.

During more than 4 years of participating in SHB's operations, Mr. Vinh has brought a new breeze to all activities of the bank, especially in transformation, digitalization and human development.

Under the leadership of the young leader, SHB's digitalization process has been accelerated rapidly. The most modern technologies such as artificial intelligence (AI), big data... are all applied to business support activities and management.

The bank has built a digital ecosystem with more than 80 features, creating a completely digital experience for individual customers. Currently, 90% of essential banking operations can be performed entirely on digital platforms; over 90% of customer transactions are performed entirely on digital channels such as Mobile Banking and Internet Banking. Thereby, the number of customers and transactions has made a big step forward.

In the transformation orientation of SHB Vice Chairman Do Quang Vinh, the elements of creativity, fearlessness in innovation, and process change are implemented vigorously. Thanks to that, a series of quality products have been created, notably the SLINK Account Collection Service and the ACAS Automatic Credit Approval System solution, which have received high appreciation from the organization. In particular, SLINK was built based on the initial idea of an employee at SHB's business unit.

The human factor is always focused on by the 8X Vice President. In addition to recruiting experienced, talented, “limitless” personnel to promote transformation and knowledge from the market, the bank continuously creates training courses to enhance professional capacity for the leadership team and staff. The influence of the young leader creates a source of motivation to push everyone forward.

Mr. Vinh is also responsible for developing corporate culture, inheriting and summarizing cultural values in a clearer and more concise way. Heart - Trust - Prestige - Knowledge - Intelligence - Vision are the 6 core cultural values of SHB. Originating from the heart, building trust, establishing prestige, accumulating knowledge, achieving intelligence to constantly reach new heights. The bank also implements many internal activities throughout the year, especially on the occasion of the 30th anniversary to spread corporate cultural values to employees.

Not only at the bank, SHS - where Mr. Do Quang Vinh is holding the position of Chairman of the Board of Directors, is also undergoing a comprehensive transformation process. Mr. Vinh is creating changes, bringing new vitality to seize new opportunities for the business. The most obvious mark of the past year is that SHS officially provided derivative securities trading products with the strong direction of the leader.

In 2024, Mr. Do Quang Vinh is promoting the change of SHS's brand identity, improving the quality of products and services, with the ambition to become one of the securities companies with the best service quality in the market. The Chairman of SHS also aims to change the headquarters, build a dynamic, modern and convenient working environment, to promote the creativity of staff. Taking people as the center, improving the capacity of staff, adding more experts to create a strong and effective apparatus.

SHB 8X Vice Chairman is a talented representative of a generation of leaders with youthful enthusiasm and a desire to conquer new heights. The leader always respects and inherits the foundation and good values of the past to create breakthroughs and innovations to continuously reach new heights.

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