Tran Khai Hoan (L, 4th), member of the board of directors and general director of Nam A Bank, signs an agreement with Phan Bich Van, general director of JPMorgan Chase Bank in Vietnam. Photo: Supplied
This event signals a strategic step forward in international cooperation, affirming the reputation and governance capabilities of Nam A Bank, the bank said in a press release on October 15.
This strategic cooperation agreement is the realization of key directions agreed upon by the senior leaders of both sides during the visit and working session in June.
In just over four months, the two financial institutions fully completed the counterparty due diligence process, set up USD settlement accounts, and moved on to signing the official agreement.
This rapid implementation timeline demonstrates the strong trust and commitment
between the two sides.
Under the agreement, JPMorgan Chase will provide short-term USD trade finance facilities to Nam A Bank.
This funding will directly serve import and export financing needs, as well as pre- and post-shipment financing operations for corporate customers.
Combined with the professional USD settlement account system at JPMorgan Chase, the cooperation will help Nam A Bank enhance its international payment capabilities, significantly shorten cross-border transaction processing times, and expand the scale of financing resources for Vietnamese import-export enterprises.
Beyond the immediate trade finance limits, the Master Agreement also serves as the foundation for a comprehensive and long-term correspondent banking relationship.
On this foundation, the two sides plan to expand cooperation into other key areas, such as developing trade finance limits linked to guarantee programs from international development finance institutions, providing optimal foreign exchange solutions and modern payment services, and supporting Nam A Bank in accessing the in-depth and comprehensive financial market research of JPMorgan Chase.
Executives from Nam A Bank and JPMorgan Chase pose for a commemorative picture. Photo: Supplied
Tran Khai Hoan, member of the board of directors and general director of Nam A Bank, emphasized, “Today’s cooperation is not merely an ordinary trade finance agreement, but also a foundation for Nam A Bank and JPMorgan Chase to jointly promote international financial connectivity.
“The trust of global partners such as JPMorgan Chase helps the bank continuously optimize its medium- and long-term funding structure, while strengthening resources for trade finance, supply chains, small- and medium-sized enterprises (SMEs), green finance, and inclusive finance, practically accompanying Vietnamese businesses as they reach out to the world and go global.”
On behalf of JPMorgan Chase, Phan Bich Van, senior country officer and general director of JPMorgan Chase Bank in Vietnam, said, “JPMorgan Chase greatly values the opportunity to work with Nam A Bank.
“We are particularly impressed that our two banks completed the relationship set-up in just four months, with Nam A Bank meeting stringent international compliance standards.
“Opening the USD account in the United States and signing the Master Trade Loan Agreement today are only the beginning.
“As a 'bank for banks,' with our team of experts and in-depth research capabilities, JPMorgan Chase stands ready to support Nam A Bank in reaching global investors and expanding our cooperation, from long-term financing to international capital raising, going forward.”
An overview of the signing event. Photo: Supplied
To arrive at this strategic partnership, Nam A Bank passed the rigorous due diligence process of JPMorgan Chase on customer identification standards (KYC), anti-money laundering and countering the financing of terrorism (AML/CFT), and other international compliance frameworks.
This success demonstrates Nam A Bank’s transparent governance capabilities and operating standards in line with the world’s most stringent global practices, laying a solid foundation for the bank to continue expanding its network of partnerships with the world’s largest financial institutions.
Over 34 years of development, Nam A Bank has continuously stepped up its international integration strategy, establishing correspondent relationships and strategic cooperation with many reputable development finance institutions in Europe, Asia, and North America.
The partnership with JPMorgan Chase further strengthens the bank’s international partner foundation and contributes practically to its sustainable development strategy.
Recently, Nam A Bank was recognized for the first time in the list of the 50 largest listed banks in Southeast Asia by financial performance, ranking 10th in the region.
This is the ranking result of S&P Global Market Intelligence based on fiscal year 2025 data.
JPMorgan Chase & Co is the largest financial group in the United States and the bank with the largest market capitalization in the world, at nearly $1 trillion.
Headquartered in New York with a history dating back to 1799, JPMorgan Chase operates the world’s largest investment bank by revenue, providing in-depth financial services, commercial banking, and asset management to institutional clients, corporations, and governments in more than 100 markets worldwide.
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