On May 25, in Seoul, Korea, the 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 business investment in many fields in Vietnam, including insurance.
Ms. Kim Ju Won, Vice Chairman of DB Group and Mr. Do Vinh Quang, Vice President of T&T Group exchanged strategic cooperation agreements between the two groups.
According to the signed agreement, through the strategic cooperation relationship, T&T Group and DB Group will actively support each other with the common goal of becoming the leading insurance companies in Vietnam. In particular, in order to create comprehensive value, the two groups are also committed to jointly seeking opportunities and jointly implementing investment projects in many other fields.
Mr. Do Vinh Quang, Vice Chairman of the Board of Directors, Deputy General Director of T&T Group spoke at the signing ceremony of strategic cooperation.
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 leading in the insurance field 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, etc. “This close partnership will open up new development opportunities; contributing to enhancing business efficiency as well as the position and competitiveness of the two groups in the market; towards the goal of long-term and sustainable development, creating values and benefits for businesses, the community and society, contributing to the strong development of the Vietnamese and Korean economies, as well as promoting the increasingly close cooperation relationship between the two countries. – Mr. Do Vinh Quang emphasized.
Ms. Kim Ju Won, Vice President of DB Group spoke at the signing ceremony of strategic cooperation.
Welcoming the delegation of T&T Group to Korea, Ms. Kim Ju Won, DB Group Vice President hopes that, based on the experience and capabilities of the two groups, this cooperation will help DB Group and T&T Group become good partners who can cooperate in many different fields.
In the context of the current growth slowdown and economic downturn, amid the surrounding difficulties and challenges, the cooperation between T&T Group and DB Group shows the efforts of the 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 2th anniversary of the group's establishment (November 30, 30 - November 11, 1993).
Ms. Kim Ju Won, Vice Chairman of DB Group and Mr. Do Vinh Quang, Vice President of T&T Group exchanged strategic cooperation agreements with the witness of leaders of the two groups.
Established in 1993, after 3 decades of establishment and development, T&T Group has expanded its scale to over 200 member units with more than 80.000 employees working both at home and abroad. Currently, T&T Group is focusing on activities in 7 key areas of the economy, including: Finance & Investment; Real estate; Energy & Environment; Industry and Trade; Transport and Logistics infrastructure; Agriculture, Forestry & Fisheries; Health, Education & Sports. In most business fields, T&T Group has made outstanding marks and received the cooperation of many major economic groups and financial institutions in the world. In addition to promoting domestic production and business activities, T&T Group also conducts overseas investment activities, 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 Production - Services. Although born quite late, DB Group has a very fast and sustainable development speed. According to a report by the Korean Trade Commission, DB Group is in the top 10 Korean corporations. Not only is the leading prestigious unit in the field of finance - insurance, DB Group is also a pioneer in a number of new business fields in Korea such as manufacturing steel bars, semiconductors, manufacturing environmentally friendly electric arc furnaces. Currently, DB Group is also embarking on implementing many strategic plans in an effort to become a leader in all its business types.
