Shinhan Bank successfully hosted the 'On-site Asset Management Conference in Vietnam' on June 26th and 27th in Ho Chi Minh City and Hanoi, targeting Korean residents and employees of Korean companies in the region. Co-hosted by Shinhan Bank and KOCHAM (Korean Chamber of Commerce), the event focused on providing professional asset management services to Korean companies and residents in Vietnam, equivalent to those offered in Korea, and strengthening local partnerships.

Shinhan Bank organized this conference to meet the growing demand for asset growth and management among Korean companies and residents amidst Vietnam's rapidly expanding economy. A key focus was on resolving challenges faced by overseas residents, such as limited information and access to domestic financial services.

The conference comprised two main sessions. In the first session, Shinhan Bank's asset management experts delivered in-depth lectures on global economic outlooks and customized asset management strategies. Attendees particularly responded well to discussions on sensitive tax issues for overseas residents and various approaches to stable retirement planning. Experts in tax, legal, and trust fields provided one-on-one consultations at on-site booths, offering practical advice tailored to individual situations. Their expertise significantly helped attendees understand complex overseas asset management regulations and tax systems, and establish efficient asset allocation strategies.

The second session featured special lectures and in-depth individual consultations focused on retirement pensions. Retirement pension experts provided detailed explanations on tax-saving methods using pension accounts like IRPs (Individual Retirement Pensions) and asset management know-how. For overseas residents, securing stable financial resources for post-retirement life and maximizing tax benefits are particularly important concerns. Shinhan Bank accurately identified these needs, providing specific information on pension products, which are familiar in Korea but less accessible overseas, thereby addressing attendees' questions. Through one-on-one consultations, attendees could explore ways to optimize their pension portfolios according to their financial situations and goals, and manage assets efficiently from a long-term perspective.

Beyond merely providing information, this conference served as an opportunity for Shinhan Bank to enhance its capabilities in offering customized financial solutions to its local customers in Vietnam. A Shinhan Bank official emphasized, "A significant goal of this event was to provide overseas customers with the same level of asset management services as in Korea," adding, "It contributed to further solidifying partnerships among Shinhan Vietnam Bank, KOCHAM, and Korean companies operating locally."

Based on its deep understanding of the Vietnamese market, Shinhan Bank plans to continuously expand differentiated financial services for Korean residents and businesses in cooperation with its local subsidiary, Shinhan Vietnam Bank. Leveraging the expertise gained and customer feedback from this conference, Shinhan Bank is expected to continue its role as a reliable financial partner supporting the successful economic activities of Koreans in Vietnam. Shinhan Bank's efforts are anticipated to positively impact the stable business environment for Korean companies in Vietnam and the successful settlement of Korean residents.

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