SHB (Saigon - Hanoi Commercial Joint Stock Bank)

Established in 1993, Saigon - Hanoi Commercial Joint Stock Bank (SHB) is a prominent Hanoi-based commercial bank. It ranks among the largest private joint-stock commercial banks in Vietnam, operating an extensive national network of hundreds of transaction points across the country. Positioned in the mid-market segment, SHB primarily serves local retail and corporate clients with a comprehensive suite of financial products and services.

For foreign property buyers and expatriates looking to purchase residential real estate in Hanoi, SHB offers essential retail banking services. These include multi-currency and Vietnam Dong (VND) payment accounts, domestic and international money transfers, and secure savings accounts. While the bank provides robust local transactional infrastructure, its primary focus remains on domestic clients. Consequently, international buyers may find that specialized mortgage products for non-resident foreigners are less common here compared to foreign-owned banks operating in Vietnam.

For practical considerations, SHB supports both Vietnamese and English as working languages, and the bank has actively trained professional staff to assist international clients. However, because the bank's core operations are geared toward local consumers, expatriates and non-residents should expect to navigate standard Vietnamese regulatory requirements for account opening and fund transfers. Securing property financing as a non-resident typically requires presenting valid residency documentation, such as a Temporary Residence Card, alongside proof of local income.