Hana Bank announced on August 13 that it signed a memorandum of understanding (MOU) with the Bank for Investment and Development of Vietnam (BIDV), led by CEO Le Ngoc Lam, during the Korea-Vietnam Business Forum held at the Crystal Ballroom of Lotte Hotel Seoul on August 12.
Through this agreement, both institutions aim to further strengthen digital financial cooperation between Korea and Vietnam. They plan to develop an environment where citizens and businesses can utilize international QR payment and global settlement services more conveniently and securely.
Lee Ho-seong, President of Hana Bank, stated, “The key is combining Korea’s advanced digital financial technology with Vietnam’s extensive payment network.” He added, “We aim to create a QR payment ecosystem beneficial to small businesses and tourists, contributing to the economic growth of both countries.”
Hana Bank has maintained a strategic partnership with BIDV since acquiring a 15% stake in 2019 and has continued collaboration through its subsidiary, GLN International. In 2022, GLN launched QR code-based cash withdrawal services in partnership with BIDV, enabling customers to withdraw cash at approximately 2,100 BIDV ATMs across Vietnam without a card via the Hana One Q mobile app.
The forum also coincided with the official visit of Rum Vietnan, Secretary of the Communist Party of Vietnam, to South Korea. More than 500 key officials from both governments and the business communities attended the event, reaffirming the commitment of Hana Bank and BIDV to strengthen their partnership.
