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| Ms. Kim Ju Won, Vice President of DB Group and Mr. Do Vinh Quang, Vice President of T&T Group discussed the strategic cooperation agreement between the two groups. |
On May 25, in Seoul (South Korea), a working delegation of T&T Group led by Mr. Do Quang Hien, Chairman of the Group's Strategy Committee, visited and worked with DB Group (one of the leading economic groups in Korea).
Here, the two sides signed a strategic cooperation agreement to promote investment and business in many fields in Vietnam, including insurance.
According to the signed agreement, through the strategic partnership, T&T Group and DB Group will actively support each other with the common goal of becoming leading enterprises in the insurance sector in Vietnam. In particular, to create comprehensive value, the two groups also commit to jointly seek opportunities and jointly implement investment projects in many other fields.
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| Ms. Kim Ju Won, Vice President of DB Group and Mr. Do Vinh Quang, Vice President of T&T Group discussed the strategic cooperation agreement witnessed by leaders of the two groups. |
Speaking at the signing ceremony, Mr. Do Vinh Quang, Vice Chairman of the Board of Directors, Deputy General Director of T&T Group said that, starting from the initial cooperation with the common goal of being a leader in the insurance sector in Vietnam, the two sides realized that there are still many areas of each other's strengths such as finance, asset management, information technology, real estate... that need to be exploited to fully promote the potential, demonstrating a long-term vision and comprehensive development for both groups.
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| Mr. Do Vinh Quang, Vice Chairman of the Board of Directors, Deputy General Director of T&T Group spoke at the strategic cooperation signing ceremony. |
“This close cooperation will open up new development opportunities; contribute to enhancing business efficiency as well as the position and competitiveness of the two corporations in the market; aim for long-term and sustainable development, create value and benefits for businesses, the community and society, contribute to the strong development of the Vietnamese and Korean economies, as well as promote increasingly strong cooperation between the two countries” - Mr. Do Vinh Quang emphasized.
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| Ms. Kim Ju Won, Vice President of DB Group, spoke at the strategic cooperation signing ceremony. |
Welcoming the T&T Group leadership delegation to Korea, Ms. Kim Ju Won, Vice President of DB Group, hopes that, based on the experience and capacity of the two groups, this cooperation will help DB Group and T&T Group become good partners, able to cooperate in many different fields.
In the context of current economic downturn and recession, amidst difficulties and challenges, the cooperation between T&T Group and DB Group shows the efforts of two Vietnamese and Korean enterprises in actively seeking new cooperation opportunities with great potential and development prospects.
For T&T Group, this will be an important milestone, continuing to affirm the prestige and capacity of a leading multi-industry private economic group in Vietnam, towards the 30th anniversary of the group's establishment (November 30, 1993 - November 30, 2023).
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| Mr. Do Quang Hien, Chairman of T&T Group's Strategy Committee, discussed with partner DB Group at the strategic cooperation signing ceremony. |
Established in 1993, after 3 decades of formation and development, T&T Group has expanded to over 200 member units with more than 80,000 employees working both domestically and internationally.
Currently, T&T Group is focusing on 7 key areas of the economy, including: Finance & Investment; Real Estate; Energy & Environment; Industry and Trade; Transport Infrastructure and Logistics; Agriculture, Forestry & Fisheries; Healthcare, Education & Sports.
In most business areas, T&T Group has made outstanding marks and received cooperation from many large economic groups and financial institutions in the world. In addition to promoting domestic production and business activities, T&T Group also deploys investment activities abroad, continuing to affirm the position of Vietnamese enterprises on the world map with subsidiaries and offices located in the US, Russia, Germany and Australia markets.
Meanwhile, DB Group was established in 1969, operating in 3 main business areas, including: Insurance, Credit Finance and Manufacturing - Services. Although established quite late, DB Group has a very fast and sustainable growth rate. According to the report of the Korean Trade Commission, DB Group is in the top 10 leading corporations in Korea.
Not only is DB Group a leading prestigious unit in the field of finance and insurance, it is also a pioneer in a number of new business fields in Korea such as steel bar production, semiconductors, and environmentally friendly electric arc furnace production. Currently, DB Group is also embarking on many strategic plans in an effort to become a leader in all its business lines.
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