The club was known as Quang Nam-Da Nang FC () prior to the 2007–08 season, when it was bought out by the Saigon-Hanoi Commercial Joint Stock Bank (SHB). The club won its first title in 2009, emerging as 2009 V-League champions and qualifying for the 2010 AFC Champions League.
The club was previously known as Quang Nam-Da Nang FC () before 2007–08, when it was acquired by Saigon-Hanoi Commercial Joint Stock Bank (SHB). The club claimed its first title in 2009, becoming the 2009 V-League champions and advancing to the 2010 AFC Champions League.