DB Group Signs Local Business Agreement with Vietnam's T&T Group

Sharing Infrastructure and Know-How for Business in the Vietnam Region

DB Group announced on the 30th that it has signed a business cooperation memorandum of understanding (MOU) with Vietnam's T&T Group.

The MOU signing ceremony held at the DB Financial Center was attended by Kim Juwon, Vice Chairman of DB Group and Head of Overseas Affairs, Do Binkwang, Vice Chairman of T&T Group, and other representatives from both groups. Through this MOU, the two groups agreed to enhance mutual synergy by sharing each other's infrastructure and know-how in future business operations in the Vietnam region and through various business collaborations.

Kim Juwon, Vice Chairman and Overseas Affairs Vice Chairman of DB Group (left), and Dobinkwang, Vice Chairman of T&T Group, are signing an MOU.
[Photo by DB Group]

T&T Group is one of Vietnam's leading groups with over 200 affiliates and more than 80,000 employees across diverse business sectors including finance, energy, trade, and real estate.

DB Group's business in Vietnam is led by DB Insurance. In 2015, it acquired Vietnam's PTI Insurance, growing it into the third-largest insurance company by market share, and in February of this year, it acquired VNI Insurance, strengthening its business competitiveness by pursuing permits related to overseas direct investment.

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