Vingroup and K-Sure sign MoU to accelerate business cooperation
The partnership's objective is to enhance economic growth, foster trade collaboration, and boost the export competitiveness of both nations.
As per the Memorandum of Understanding, Vingroup and K-Sure will collaborate on Vingroup's projects with Korean partners, trade insurance programs aimed at expanding into new markets, and exploring potential joint venture opportunities.
K-Sure will offer guarantee programs and support to Korean suppliers, construction, and engineering firms. This support aims to enable the seamless provision of products and services to Vingroup and its subsidiaries, including electric vehicle components, energy storage systems (such as batteries and other parts), construction equipment, construction management services, and the supply of components and parts.
In addition, K-Sure's guarantee allows Korean investors to invest or form joint ventures with Vingroup or its subsidiaries, creating potential long-term business opportunities.
Vingroup and K-Sure will also explore the possibility of joint participation in projects and market development opportunities through K-Sure's export and guarantee programs.
Speaking at the MOU presentation ceremony, Mr. Nguyen Viet Quang, Vice Chairman, and Chief Executive Officer of Vingroup, said: "We are thrilled to sign an MOU with K-Sure during the official visit of the President of the Republic of Korea to Vietnam. Vingroup and K-Sure's partnership will enhance trade and investment – two important focuses for our countries – accelerating commercial operations and expanding international production and export markets."
Mr. Lee Inho - General Director of K-Sure, said: "Southeast Asia has significant growth potential, as well as an abundance of labor and resources. We are delighted to have a strategic partnership with Vingroup, one of the leading private conglomerates in the region, to strengthen Korea's vital sectors and increase exports. We also expect to support Vingroup's global market development and expansion, particularly in the green mobility revolution that both parties are pursuing."
Korea Trade Insurance Corporation (K-Sure) was established in July 1992 upon the Trade Insurance Act to promote trade and overseas investment of Korean enterprises with the mission to boost national competitiveness. The cooperation with K-Sure affirms Vingroup's efforts in continuously connecting with leading agencies and enterprises to jointly invest and develop our competencies in smart, innovative, and sustainable consumer products and services.
Hashtag: #Vingroup
The issuer is solely responsible for the content of this announcement.
About Vingroup
Established in 1993, Vingroup is one of the leading private conglomerates in the region and currently focuses on three main areas: Technology and Industry, Services, and Social Enterprise. Find out more about Vingroup at: https://www.vingroup.net/en
About Korea Trade Insurance Corporation
Korea Trade Insurance Corporation (K-Sure) was established in July 1992 upon the Trade Insurance Act to promote trade and overseas investment of Korean enterprises with the mission to boost national competitiveness. Find out more about K-Sure at: https://www.ksure.or.kr/rh-en/cntnts/i-615/web.do
For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...
Tariff escalations, supply chain fragility, geopolitical events, and the ongoing threat of cyber disruption have reshaped the risk environment facing Australian organisations. The problem is that ma...
Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...
Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...
As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations, including...
In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...
The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...
Reducing business costs doesn’t always mean cutting staff, shrinking services or making the workplace feel bare-bones. In many cases, the smarter savings are hiding in everyday operations: the light...
Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...
Daily Bulletin
