Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion

The bank will distribute PJICO’s non-life insurance products.

Shinhan Bank Vietnam Limited and Petrolimex Insurance Corporation (PJICO) have signed a cooperation agreement to expand financial and insurance services across Vietnam. 

The partnership aims to develop diversified products and provide enhanced benefits to customers.

Shinhan Bank, with over 30 years of experience in Vietnam, will prioritise PJICO as a partner for loans, refinancing, and credit extension. 

It will also distribute PJICO’s non-life insurance products, including asset, technical, vehicle, cargo, and health insurance, to customers nationwide. 

The collaboration extends to cash management, foreign exchange transactions, and derivative solutions, with the goal of optimising financial operations and driving growth for both parties.