MB Chairman: "Ready to build a digital platform for Korean businesses"

Mr. Luu Trung Thai - Chairman of the Board of Directors of MB affirmed that MB is ready to build a comprehensive digital platform to promote effective chain interaction and expand the search for connection opportunities for the Korean business community to invest in Vietnam. In early July, in Seoul, Korea, the Vietnam - Korea Business Forum took place with the participation of nearly 350 Korean enterprises and 180 enterprises, representatives of Vietnamese ministries and branches. At the forum, delegates were introduced to the development situation of Vietnam; potential, strengths, development priorities, investment attraction of Vietnam; Vietnam - Korea relations; investment and trade situation between Vietnam and Korea; Potential, advantages of Korean enterprises and opportunities in the Vietnamese market... "Before doing business, we must make friends" As one of the four main speakers of the forum, Mr. Luu Trung Thai - Chairman of the Board of Directors of MB gave a speech on the topic "Digital transformation in the financial industry" - focusing on three main contents: Economy, Green Economy and Circular Economy.

Mr. Luu Trung Thai - Chairman of MB Board of Directors speaking at the Vietnam - Korea Business Forum in Seoul

Sharing the perspective of Vietnamese enterprises on investment opportunities of Korean enterprises, the head of MB said that enterprises of the two countries need to do something to quickly implement cooperation, based on two factors. The first is trust and cooperation as the Koreans say "before doing business, you must be friends". The second is how to develop the value chain of business, when the trend of shifting production from China to other countries. "We are ready to cooperate and point out partners who ensure the ability from Vietnam", Mr. Thai said. In addition, in an interview with the Korea Herald of Korea on July 2 in Seoul, the Chairman of the Board of Directors of MB said that when enterprises come to invest in Vietnam and send Korean personnel to live and work in Vietnam, paying attention to providing care services for Korean personnel in Vietnam will also help them do better business. Therefore, from August 2024, MB will launch the Korean language on its banking application to bring a more convenient experience to the Korean community in Vietnam. "Vietnamese banks have not yet provided specialized services for Koreans living in Vietnam, forcing them to depend on branches of Korean banks. Realizing the increasing number of Korean citizens and companies entering Vietnam, from August, MB will provide more suitable services for the Korean community by launching a banking application in Korean," said the Chairman of the Board of Directors of MB. The "handshake" between MB and POSCO International Also at the Vietnam - Korea Business Forum, the Military Commercial Joint Stock Bank (MB) and POSCO International signed a strategic cooperation agreement. At the same time, the Vietnamese senior leaders and the MB leadership delegation led by Chairman of the Board of Directors Luu Trung Thai had an in-depth working session with the Chairman of POSCO Group. At the meeting, Mr. Chang In Hwa - CEO of the Group said that POSCO is in the top 5 businesses in Korea in the fields of steel, energy, trade, electric vehicle (EV) battery materials...; POSCO Group's revenue in 2023 reached 59 billion USD. In Vietnam, POSCO has established 4 steel branches, with a total investment of 1.8 billion USD; POSCO wishes to continue expanding cooperation and investment in Vietnam in a number of new fields; at the same time, wants to convert the specialized port that POSCO is using in Vietnam into a commercial port; allowing POSCO to invest in an LNG power plant in Vietnam. Sharing more about the signing of the strategic cooperation with POSCO, Mr. Luu Trung Thai - Chairman of the Board of Directors of MB affirmed that the cooperation not only shows the ability to conquer the "big guys" of Korea but also continues to open up many opportunities for cooperation, business and investment for MB and other partners of the two countries. Maximum support for the success of Korean enterprises investing in Vietnam Previously, sharing with the press about MB's orientation in accompanying and supporting Korean enterprises investing in Vietnam, Mr. Vu Thanh Trung - Vice Chairman of the Board of Directors said that providing products and services to maximize the success of FDI enterprises in general and Korean enterprises in Vietnam in particular plays a very important role in MB's business policy orientations. "To bring success to Korean FDI enterprises, especially in Vietnam, MB has built many product and service packages as well as platforms to help businesses succeed in investing and doing business in Vietnam. On the business side, we are building very strong digital applications/platforms based on the most advanced technologies, helping businesses when investing in Vietnam to be able to manage their investment activities here well. In-depth reporting and analysis systems are completely available on digital platforms for businesses," said Mr. Trung. In addition, MB also hopes to cooperate with Korean credit institutions to expand the QR code payment system in Vietnam. "If we connect the upcoming MB bank App for Koreans with Korean banks, Koreans coming to Vietnam will be able to use our QR code system through their banking applications. We are currently looking for partners," Mr. Trung shared. Source: https://nhipsongkinhte.toquoc.vn/chu-tich-mb-san-sang-xay-dung-nen-tang-so-cho-doanh-nghiep-han-quoc-20240711102527025.htm