Jung Il-moon, President of Hanwha Investment & Securities, Expands Aggressive Moves to Capture the Vietnamese Market

[Asia Economy Reporter Ji Yeon-jin] Korea Investment & Securities, a subsidiary of Korea Financial Group (CEO Jeong Il-moon), announced on the 13th that it has signed memorandums of understanding (MOUs) with a total of five local Vietnamese companies, universities, and research institutes this month.

Jeong Il-moon, CEO of Korea Investment & Securities, visited key local companies and institutions in Vietnam for three days starting from the 6th to explore new business opportunities and expand local operations.

The Vietnamese logistics company ASG (ASG Corporation), which signed the MOU this time, established a connection when KIS Vietnam acted as the lead underwriter for the company bond issuance of 300 billion VND (approximately 15 billion KRW) in May. Through the MOU, Korea Investment & Securities will provide solutions for fundraising as ASG’s IB (Investment Banking) partner.

They also signed an MOU with Dragon Capital Asset Management, the largest asset management company in Vietnam. Beat Schurch, CEO of Dragon Capital, who attended the signing ceremony, explained, “KIS Vietnam is an important partner as an Authorized Participant (AP) for ETFs,” and added, “We hope that this agreement will lead to extensive cooperation not only in ETFs but also in stocks and bonds.”

Support funds for the mid- to long-term growth of the Vietnamese financial market were also provided. On the 6th, they signed an MOU with the Population and Family Planning Department under the Vietnamese Ministry of Health and delivered a research support fund of $200,000 (approximately 260 million KRW) for sustainable development and population policy planning in Vietnam. On the 8th, scholarships were awarded to Foreign Trade University and University of Economics HCMC, and MOUs were signed focusing on academic research and recruitment cooperation for graduates.

During this business trip, CEO Jeong met with the management of the Hanoi Stock Exchange to discuss various issues and challenges in the local securities market. He also held business meetings with the top executives of Vingroup and Hoa Phat Group, the second and sixth largest companies by market capitalization locally, respectively, to strengthen cooperation for corporate finance support and capital market ecosystem development. CEO Jeong said, “The Vietnamese financial market is rapidly developing and still holds high growth potential,” adding, “We will maintain long-term cooperative relationships with local companies and institutions to contribute to the development of both societies.”

This content was produced with the assistance of AI translation services.