TTC Group and BIDV signed a comprehensive cooperation agreement for the period of 2019 - 2023

In order to increase competencies catching up with the integration trend, on July 10th in Hanoi, TTC Group and Bank for Investment and Development of Vietnam (BIDV) held the ceremony to sign a comprehensive cooperation agreement for the period of 2019 - 2023.

This ceremony marks a new step in the partnership between TTC and BIDV after previous efficient cooperation between them. At the same time, it strengthens connection aiming to become comprehensive partners, ensuring long-term, sustainable cooperation based on the advantages of both sides and exploits the best the available potential. 

Particularly, since this agreement is signed with the validity until 2023, through business opportunities, project development in core segments including: agriculture, real estate, energy, tourism and other fields of TTC Group, BIDV will support credit and provide suitable financial, banking products and services for TTC as well as TTC's customers.

Through the operation of a large financial institution such as BIDV, TTC gains the possibility of accessing financial resources to support production and business activities, projects to be implemented, as well as best banking services and products to improve business efficiency and customer service quality.

In his speech at the ceremony, Mr. Dang Van Thanh - President of TTC Group shared that: “The signing is one of the important steps for the two parties to continue to fully develop and exploit potential, position as well as competencies of others. Meanwhile, it will contribute to boosting growth, thereby improve business efficiency and competitiveness in both domestic and foreign markets”.

Mr. Dang Van Thanh - Representative of TTC Group is making speech at signing ceremony in the afternoon of July 10th 

Also based on the cooperation relationship which has been built up for a long time that BIDV representative believed that this agreement will be the basis for BIDV and TTC to continue to support and expand business activities moving forward to intensive cooperation and parallel development.

 “BIDV commits to create opportunities for TTC to access and use BIDV's products and services in the most favorable and efficient way” the representative emphasized.

This ceremony to sign comprehensive cooperation agreement for the period of 2019 – 2023 will be an important step up to increase competencies of both parties catching up with the integration trend 

TTC is known as a multi-investment group, operating in many fields including: real estate, energy, agriculture and tourism with a scale of 3 corporations, 1 industry committee and more than 120 direct business units.  

TTC currently not only focuses on developing business in Vietnam but also has been constantly developing in Indochina countries.

During 40 years of establishment and development, TTC Group has targeted to resonate the added values for partners, customers, shareholders and professional values for employees, bringing many practical contributions for the community and society.

With the principle of "For the community and local development", TTC Group highly aware of improving, promoting all aspects of activities, proactively taking initiative in the deep integration process as well as strengthening resources to affirm and enhance the position of Vietnamese enterprise - Vietnamese brand.

Meanwhile, being established in 1957, BIDV always maintains the principle of providing customers with the best products and services, bringing benefits in the use and experience of banking services on the modern digital banking platform.

Within the past 5 years, BIDV has held the No. 1 position in Joint Stock Commercial Banks in Vietnam in terms of mobilization capital from individuals, retail credit scale with annual average growth rate of 28% and 46%, respectively. The quality evaluation indicators of prestigious organizations such as Moody's, Standard & Poors (S&P), Nielsen Vietnam, etc., have been improved, illustrating BIDV's strong and stable position in both domestics and regional financial markets.

Most recently, BIDV received the award "Best Retail Bank in Vietnam" for the 5th times continuously (2015-2019) and the award "The bank with the best card acceptance and cash flow management service in Vietnam, 2019 “.

Therefore, it can be affirmed that the cooperation between TTC Group and BIDV is based on the unique advantages of each party, in order to support, complement and promote advantageous competencies. This is a fundamental step to enhance comprehensive cooperating spirit, actively seeking positive solutions to shorten the gap between domestic and international enterprises.

Source: Nong Nghiep News