SHB and Tasco signed a comprehensive cooperation agreement

SHB and Tasco will cooperate comprehensively and effectively, commensurate with the potential of both entities; together creating high-value products and services for customers, the community, and society.

Saigon - Hanoi Commercial Joint Stock Bank (SHB) and Tasco Joint Stock Company (Tasco) have signed a comprehensive cooperation agreement. Accordingly, the two parties will cooperate closely, maximizing each other's strengths to promote growth, diversify business activities, and thereby improve efficiency and increase competitiveness in the market. SHB is a leading private commercial bank in Vietnam in terms of charter capital, while Tasco is a leading company in the automotive services and smart transportation infrastructure sector in Vietnam. The two parties will jointly implement activities to expand business development and optimize potential from both domestic and international markets, including countries where SHB or Tasco operates. This cooperation is not limited to the core areas of each party but also extends to areas of mutual interest.

Photo caption — *SHB General Director Ngo Thu Ha and Tasco General Director Ho Viet Ha represented their respective companies in signing a comprehensive cooperation agreement between the two sides.*

Both parties also committed to prioritizing the use of each other's products and services. Cooperation programs will be implemented flexibly, tailored to the capabilities and needs of each party through separate agreements and contracts depending on the actual requirements at each stage. In addition, both parties will coordinate in providing preferential products and services to customers, while also creating new, convenient products and solutions that benefit the community and society. SHB will provide comprehensive financial solutions for Tasco, its member units, affiliated companies, and personal banking products and services for all employees at competitive costs. Simultaneously, SHB will design value chain and ecosystem solutions, along with exclusive preferential programs and policies specifically for Tasco. SHB and Tasco will cooperate in organizing brand promotion programs during important events and cultural and sports exchange activities to foster solidarity and close ties between the two parties. Speaking at the ceremony, Mr. Do Quang Hien, Chairman of the Board of Directors of SHB, shared: “The signing ceremony is an important milestone in the cooperative relationship between the two entities, opening up opportunities for sustainable development and exploiting the enormous potential of the market, bringing benefits not only to the two entities but also to customers, the community and society. SHB is implementing a strong and comprehensive transformation strategy, establishing a Transformation Division with a team of domestic and international experts, together creating a strong breakthrough.”

With 571 transaction points both domestically and internationally, and strong financial resources, SHB continuously innovates, invests in modern infrastructure, and applies leading technologies such as AI and Big Data to provide the best solutions to meet customer needs. For Tasco, in its journey to realize its vision of becoming the number one choice for automotive services and smart transportation infrastructure, the company always prioritizes expanding cooperation with major domestic and international partners to move faster and more sustainably. In the new era, speed is the key to seizing opportunities. The active, rapid, and decisive cooperation between SHB and Tasco opens up many potential collaborations, not only strengthening the positions of both parties through groundbreaking products and services but also jointly creating sustainable value for customers and the community.

The signing of the cooperation agreement between SHB and Tasco marks an important milestone in the collaboration between a leading Vietnamese enterprise and bank, jointly dedicating the best resources to cooperation and development, maximizing strengths, and contributing to the robustness of the national economy.