SHB cooperates comprehensively with Binh Son Refining and Petrochemical Joint Stock Company

Thạch Lam |

On July 23, Saigon - Hanoi Commercial Joint Stock Bank (SHB) and Binh Son Refining and Petrochemical Joint Stock Company (BSR) signed a comprehensive cooperation agreement.

This event marks an important step forward in the relationship between two large enterprises in the fields of finance - banking and energy, petrochemical.

With its position in the TOP5 largest private commercial banks in Vietnam, SHB will provide BSR with the most comprehensive, flexible and efficient financial solutions, meeting the maximum needs of capital, cash flow management, and promoting investment and sustainable development plans.

On the contrary, as a leader in the petrochemical industry, BSR will be an important partner to help SHB expand its network, increase presence, and connect with oil, gas and energy enterprises. In addition, SHB and BSR also cooperate in brand promotion activities, event organization, cultural and sports exchanges to promote cohesion and spread corporate values.

Toan canh le ky ket thoa thuan hop tac toan dien giua Ngan hang SHB va CTCP Loc hoa dau Binh Son. Anh: SHB
Overview of the signing ceremony of a comprehensive cooperation agreement between SHB Bank and Binh Son Refining and Petrochemical Joint Stock Company. Photo: SHB

Speaking at the event, Chairman of the Board of Directors of SHB Bank, Mr. Do Quang Hien, highly appreciated the development history and appreciated the great contributions of Binh Son Refining and Petrochemical Joint Stock Company to the country's economy and society.

He shared: With the potential, strengths and aspirations of both sides, SHB is committed to accompanying BSR in the upcoming journey, providing optimal financial products and services, bringing practical benefits to both sides, while contributing to the common development of the countrys socio-economy.

Responding to SHB Chairman Do Quang Hien's expectations about cooperation between the two sides, at the signing ceremony, Mr. Bui Ngoc Duong - Chairman of the Board of Directors of BSR emphasized: "As a leading enterprise in the field of petrochemical refining, BSR always identifies finance - banking as one of the pillars supporting sustainable development and competitiveness.

We highly appreciate SHB's capacity, reputation and spirit of companionship over the years, and believe that, with a strong financial foundation, along with a strategic vision, SHB will be a trusted partner of BSR in the journey of transformation, investment expansion and acceleration of innovation.

The cooperation between BSR and SHB today not only aims at financial efficiency, but also contributes to creating sustainable value for both sides - in the spirit of companionship, sharing and mutual development for common good".

Ba Ngo Thu Ha, Tong Giam doc Ngan hang SHB va ong Nguyen Viet Thang, Tong Giam doc CTCP Loc hoa dau Binh Son tai buoi le. Anh: SHB
Ms. Ngo Thu Ha, General Director of SHB Bank and Mr. Nguyen Viet Thang, General Director of Binh Son Refining and Petrochemical Joint Stock Company at the ceremony. Photo: SHB

BSR is the unit managing and operating Dung Quat Oil Refinery - a national key project, playing a pioneering role in laying the foundation for the Vietnamese petrochemical industry.

With the mission of providing high-quality petrochemical products, BSR not only contributes significantly to ensuring national energy security but is also a driving force for sustainable socio-economic development of the Central region.

Accumulated from 2009 to the end of June 2025, BSR has produced more than 100 million tons of products, total revenue of more than 1.74 million billion VND and paid 238,000 billion VND to the State budget. BSR identifies 2025 as a breakthrough year in investment, science and technology, innovation and digital transformation, while enhancing corporate culture.

Currently, BSR is implementing the project to Upgrade and Expand Dung Quat Oil Refinery with a total investment of more than 1.2 billion USD, of which loans account for about 70%. The project has a huge capital demand in the period of 2025 - 2028, mainly serving the purchase of equipment, construction and installation and completion of infrastructure, to increase processing capacity, expand product structure and meet green - clean fuel standards.

With SHB, after more than three decades of construction and development with the criteria of sustainable, safe and efficient operations, the Bank has achieved many successes, leaving its mark and strong position in the Vietnamese financial market, while gradually reaching the world market.

SHB is currently in the TOP 5 largest private commercial banks in Vietnam in terms of charter capital; TOP 10 most prestigious private commercial banks in Vietnam ranked by Vietnam Report; Top 200 largest enterprises in Southeast Asia according to the ranking of US magazine Fortune... and is a strategic partner of many large financial institutions in the world such as IFC, ADB, WB...

In recent years, SHB has strengthened strategic and comprehensive cooperation, providing products, services, and financial solutions to many large enterprises, including PV Power; Vietnam Airlines; Vinaphone, EVN, Vietnam Steel Corporation, etc.

Through cooperation, SHB and the parties will cong together to create a high-quality partner ecosystem, bringing the best products and services at the most competitive prices to customers.

SHB is implementing a strong and comprehensive transformation strategy based on 4 pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and the market as the center; Modernizing information technology and digital transformation and steadfastly following the 6 core cultural values "Heart - Trust - Trust - Intelligence - Vision".

SHB sets a strategic goal of becoming TOP 1 Bank in terms of efficiency; Most Favorite Digital Bank; Best Retail Bank and also being the TOP Bank leading in providing capital, financial products and services to strategic private and state-owned enterprise customers, with supply chains, value chains, ecosystems, and green development.

Thạch Lam
TIN LIÊN QUAN

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