Saturday, 06/09/2025
   

BIDV and HanaBank strengthen cooperation to promote Vietnam–Korea relations

On August 12, 2025, in Seoul, South Korea, within the framework of the State visit to South Korea by General Secretary To Lam, the Vietnam–Korea Economic Forum was held under the theme “Cooperation for Developing Production Chains in the New Era!”.

This important forum witnessed the signing of multiple cooperation agreements between the two countries, including a strategic cooperation agreement between the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and HanaBank.

Under the agreement, BIDV and HanaBank will implement key joint projects, notably the Vietnam–Korea cross-border QR payment connection, enabling HanaBank customers in South Korea to withdraw cash using QR codes at BIDV’s ATM network in Vietnam.

The agreement also covers a 24/7 remittance transfer service from South Korea to Vietnam via HanaEZ, offering customers fast, cost-competitive, and fully secure money transfer solutions.

General Secretary To Lam, Prime Minister Kim Min Seok and senior leaders of the two countries took souvenir photos with businesses at the forum.

The partnership between BIDV and HanaBank has been further strengthened through this new strategic cooperation agreement, building on the success of previous joint projects. The aim is not only to enhance financial cooperation between Vietnam and South Korea but also to expand banking service channels, foster digital transformation, and promote international integration.

New financial initiatives will be explored and implemented to lay the foundation for deeper cooperation in areas such as fintech, securities, and insurance—sectors with significant growth potential in an increasingly digitalized and globalized world.

Since HanaBank became a strategic shareholder of BIDV in November 2019, the relationship between the two banks has grown and deepened. This cooperation project marks an important milestone in their strategic partnership. Both parties are committed to continuing to deliver tangible value to customers, the business community, and the economies of both nations.

This partnership not only creates significant opportunities for future collaboration but also contributes to the shared development of Vietnam and South Korea in the digital and global integration era.

VNBA News

  • Banking on advice to boost financial futures

    Banking on advice to boost financial futures

    Many commercial banks, with extensive customer bases, transparent transaction data and widespread branch networks, have trialled wealth management models offering investment consulting, insurance and financial planning services to VIP clients.

  • Government-backed STEM loans launched by VBSP

    Government-backed STEM loans launched by VBSP

    Vietnam Bank for Social Policies (VBSP) is introducing preferential loans to STEM students as part of efforts to build a stronger science and technology workforce.

  • S&P upgrades ratings of three banks, citing resilient economy

    S&P upgrades ratings of three banks, citing resilient economy

    The agency raised Vietcombank to BB+, Techcombank to BB and Eximbank to BB-, with stable outlooks, while upgrading Việt Nam’s BICRA to group 8 from 9.

  • Interest rate developments applied by credit institutions in July 2025

    Interest rate developments applied by credit institutions in July 2025

    State Bank of Vietnam has just released the interest rate developments of credit institutions in July 2025.

  • SBV's Action Plan on improving social policy credit in the new period

    SBV's Action Plan on improving social policy credit in the new period

    On August 27, 2025, the State Bank of Vietnam (SBV) issued the Action Plan of the Banking sector to implement Decision No. 1560/QD-TTg dated July 18, 2025 of the Prime Minister promulgating the Plan to implement Directive No. 39-CT/TW dated October 30, 2024 of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period (Decision No. 3061/QD-NHNN).

  • Vietnamese banks standing strong although risks remain

    Vietnamese banks standing strong although risks remain

    Vietnam’s banking sector has been a key facilitator as well as beneficiary of the country’s robust economic growth. We forecast total system outstanding loans to double by the end of this year relative to five years ago. This makes Vietnam the second-largest banking system in ASEAN by assets, ahead of other larger and higher-income economies.

  • Vietnamese banks get ready to join crypto asset market

    Vietnamese banks get ready to join crypto asset market

    The newly issued Law on Digital Technology Industry will take effect from January 1 and is considered an important milestone, ending many years of legal ambiguity on issues related to crypto assets.

  • Credit trends set tone for key sectors

    Credit trends set tone for key sectors

    Credit across the banking system has surged at an unusually high pace this year, with a significant share directed towards real estate and securities, raising concerns over the sustainability of growth.

  • New chapter arrives for digital asset firms

    New chapter arrives for digital asset firms

    Opportunities for international collaboration and attractive growth potential have turned the Vietnamese cryptocurrency market into a vibrant playground.

  • Shinhan Bank expresses gratitude to business customers with free Ting Ting speakers

    Shinhan Bank expresses gratitude to business customers with free Ting Ting speakers

    Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) has launched the “Customer Appreciation Day for Business Customers” across all 55 branches and transaction offices nationwide, featuring a free giveaway of Ting Ting Speakers. This initiative is dedicated to expressing gratitude to individual business owners, household businesses, private enterprises, and SMEs that have accompanied the Bank throughout the years.

Calculate deposit interest
VNĐ
%/year
month
Calculate deposit interest

Loan calculation
VNĐ
%/year
month
Loan calculation