On October 16, in Hanoi, T&T Group and BNK Financial Group (in the TOP 10 largest financial institutions in Korea) signed a cooperation agreement, officially establishing a partnership in the field of finance and investment in the Vietnamese market.
Mr. Do Quang Hien, Chairman of the Board of Directors of T&T Group (left) and Mr. Bin Dae-in, Chairman of the Board of Directors and General Director of BNK Financial Group (right) exchanged the cooperation agreement witnessed by representatives of the two Groups' leaders.
Together possessing a diverse financial ecosystem, including banks, securities companies, asset management companies, etc., the cooperation between the two leading economic and financial groups of the two countries will contribute to strengthening the position of enterprises in particular, while contributing to the development of the domestic capital market in general.
According to the signed agreement, the two parties will jointly promote and expand investment and financing activities in the Vietnamese market based on the resonance of each party's values and advantages. T&T Group - with leading multi-sector business capacity in Vietnam and BNK Financial Group - specializing in the financial sector will combine and commit to actively supporting each other towards the common goal of establishing a leading position of enterprises in the financial sector in Vietnam. In addition, T&T Group and BNK Financial Group will cooperate to seek and exploit investment cooperation opportunities in the financial ecosystem, including but not limited to the fields of banking, securities, asset management, investment funds, etc. through the establishment of joint ventures, strategic alliances and other forms of partnership in accordance with the strengths and goals of the two enterprises.
Mr. Do Quang Hien, Chairman of the Board of Directors of T&T Group, discussed potential and cooperation opportunities with Mr. Bin Dae-in, Chairman of the Board of Directors and General Director of BNK Financial Group.
Through this cooperation, the two sides will also share knowledge, practical experience and technical expertise to enhance the capacity and promote innovation of the group's subsidiaries. In particular, T&T Group and BNK also committed to jointly exploit capital mobilization strategies for social infrastructure projects with the participation of Korean and Vietnamese companies to ensure the ability to finance sustainable sources of capital for these enterprises.
Mr. Do Quang Hien, Chairman of the Board of Directors of T&T Group, spoke at the signing ceremony.
Speaking at the event, Mr. Do Quang Hien, Chairman of the Strategy Committee of T&T Group, believes that with close cooperation and a clear strategy, the two sides will achieve their goals and become leading financial groups in the country, region and the world. " The two sides cooperate on mutual trust, long-term development, efficiency, sustainability and contribute to the economic development of the two countries", Mr. Do Quang Hien emphasized.
Mr. Bin Dae-in, Chairman of the Board of Directors and General Director of BNK Financial Group spoke at the event.
Mr. Bin Dae-in, Chairman of the Board of Directors and General Director of BNK Financial Group, also has great hopes for cooperation with T&T Group - a Group operating in many diverse fields and having the leading growth rate in Vietnam. Mr. Bin Dae-in affirmed: "The signing of the cooperation agreement today will be the foundation for a solid cooperative relationship, and a valuable connection for the economic development relationship between Korea and Vietnam, based on mutual trust in the future" .
In the context of current economic downturn and recession, the cooperation between T&T Group and BNK Financial Group has demonstrated the efforts of the two companies in seeking new opportunities and conditions for cooperation with great potential and development prospects. This cooperation signing event is also an important milestone, making T&T Group officially the first partner that BNK Financial Group has chosen to sign a cooperation agreement in the group's global business expansion roadmap. This has continued to affirm the prestige of T&T Group, as well as demonstrating the Group's initiative and leadership in exploiting the Korean capital market - one of the largest and most potential capital markets in Asia today.
Previously, T&T Group has also cooperated with many large Korean corporations and enterprises to comprehensively develop the company's key business areas. Most typically, in the energy sector, T&T Group has established a cooperative and joint venture relationship with a consortium of investors KOGAS, KOSPO and HANWHA (Korea) to build the Hai Lang LNG Power Center Phase I project - 1,500 MW with a total investment of nearly VND 54,000 billion in Quang Tri province. Not stopping there, in order to develop more LNG projects and hydrogen production in Vietnam, T&T Group has further consolidated and tightened its cooperative relationship with KOGAS and continued to join hands with SK E&S (an energy company under SK Group). In addition, recently, T&T Group and DB Group (one of the leading economic groups in Korea) also officially established a strategic cooperation relationship to promote investment and business in many fields in Vietnam, including insurance.
It can be said that the continued cooperation with BNK Financial Group will open up new opportunities and steps for T&T Group in the path of brand development, expanding production and business activities in Korea in particular and foreign markets in general. The cooperative relationship between T&T Group and leading Korean corporations not only aims to realize the comprehensive strategic cooperation between Vietnam and Korea but also contributes to promoting the strong development of the two countries' economies in the coming time.
To concretize the above cooperation contents, also on October 16, SHB Bank (a financial institution in which T&T Group is a major shareholder) and Busan Bank (under BNK Financial Group) also signed a memorandum of understanding to seek opportunities and share knowledge in the financial industry, specifically corporate bond investment, sharing potential customers and digital banking.
T&T Group Corporation Established in 1993, after 30 years 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. In the domestic financial market, T&T Group is also known as a major shareholder, participating in the management and operation of leading financial institutions in Vietnam, such as: SHB Bank, Saigon - Hanoi Securities Joint Stock Company (SHS), Saigon - Hanoi Insurance Joint Stock Corporation (BSH), ... BNK Financial Group BNK Financial Group is the first corporation operating in the banking industry in Korea. With total assets of nearly 110 billion USD, BNK is known as one of the largest financial institutions in Korea. The group has 9 subsidiaries present in 9 countries, typically China, India, Myanmar, Vietnam, ...; the most notable of which is Busan Bank - the largest regional bank in Korea. Currently, BNK Financial Group provides diverse financial services, including: banking, securities, asset management, venture capital funds, startup investment, ... BNK's major shareholders include: Korea National Pension Fund, Lotte Group, Morgan Stanley, Samsung Asset Management Fund ... According to the development roadmap, after 2023, BNK will continue to promote the transformation to a Digital Financial Group, aiming to become the best regional Financial Group in the world. |
T&T Group
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