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NH, Agri banks sign partnership for mutual growth in agriculture business
NH NongHyup Bank CEO Kang Tae-young, front row fifth from left and Agribank CEO Pham Toan Vuong, front row fourth from left, and other bank officials pose at the Agribank headquarters in Hanoi, Vietnam, Friday. Courtesy of NH NongHyup Bank
By Lee Kyung-min
NH NongHyup Bank CEO Kang Tae-young visited the headquarters of Agribank in Hanoi on Friday for a meeting with the Vietnamese bank’s CEO Pham Toan Vuong to foster cooperation in finance and mutual growth business opportunities, the Korean commercial lender said Tuesday.
The meeting during Kang’s business trip to Vietnam was part of efforts to strengthen the banks’ partnership with the Southeast Asian country.
The Agribank CEO reiterated the bank's commitment to bilateral cooperation, saying the two have built a strong partnership since 2013 through various projects.
“NongHyup and Agribank have been exchanging personnel, not to mention remittance services for the two banks’ customers without bank accounts. I hope we would further expand cooperation to adopt NongHyup’s expertise in digital and agricultural finance into Vietnam’s financial market.”
Kang said in response that the resumption of bank staff exchanges after the COVID-19 pandemic period will help further expand cooperation in areas such as digital and internet banking.
“We plan to establish a task force soon to strengthen our cooperation and promote mutual growth through active exchanges,” he said.
The meeting followed Kang’s visit to the Hanwha Aero Engines manufacturing plant near Hanoi a day earlier.
He met with Hanwha officials to discuss global financial cooperation and share insights on industrial developments.
The visit was part of NongHyup’s ongoing global marketing initiative targeting high-quality corporate clients through its international network.
On Monday, Kang visited Hyosung Vietnam in Dong Nai Province, near Ho Chi Minh City, to learn about Hyosung Group’s investment activities in Vietnam and to share challenges in local business operations.
Kang and Hyosung officials also discussed expanding support for local financial and foreign exchange transactions, as well as financing solutions for environmental, social and governance facility investments, reaffirming their commitment to ongoing collaboration.