News Daily


Men's Weekly

News from Asia

  • Written by Media Outreach
HANOI, VIETNAM - Media OutReach - 5 July 2023 - Vingroup has signed a Memorandum of Understanding (MoU) with Korea Trade Insurance Corporation (K-Sure) within the Vietnam-Korea Economic Forum 2023 framework. 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.

Read more

Top Electrical Safety Tips from Inner West Sydney Electricians

While it may not be the most exciting subject to discuss, having an electrically safe home is definitely one of the most critical. Knowing the basics could help you avoid accidents and ensure your home remains in good condition, whether... Read more

When to Escalate a Debt Recovery Matter to Legal Action

Knowing when to transition from informal debt collection efforts to formal legal proceedings is a decision that many creditors find difficult to navigate. Acting too early can damage commercial relationships, while waiting too long can reduce the likelihood of recovery... Read more

Why Slurry Hose Systems Are Essential for Handling Abrasive Industrial Materials

Transporting abrasive mixtures is a common challenge in industries such as mining, dredging, and construction. These mixtures, known as slurry, consist of solid particles suspended in water or other liquids. Moving slurry through pipelines requires specialised equipment that can withstand... Read more

Why Choosing the Right Dental Clinic Matters for Long Term Oral Health

Maintaining good oral health requires regular checkups, preventive care, and professional treatment when needed. Visiting a trusted Dental Clinic plays a vital role in keeping teeth and gums healthy while preventing more serious dental problems in the future. Many people only... Read more

Is Deep Plane Facelift Safe in Thailand?

When you ask whether a deep plane facelift is safe in Thailand, you’re really asking: “Can I get high-quality surgical care with strong safety standards and reliable follow-up while I’m traveling?” That’s a smart question. But the country name alone... Read more

Why Cloud Services Are Now Essential for Business Growth and Security

In today’s fast-moving digital environment, understanding how cloud services support long-term stability has become a priority for businesses across Australia. As expectations shift and workplaces adopt more flexible models, organisations are turning to cloud services to keep systems running smoothly... Read more