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Sovico Group & Samsung SDS become strategic partners

Released at: 15:08, 02/12/2019

Sovico Group & Samsung SDS become strategic partners

Photo: Sovico

Two sign MoU on comprehensive strategic cooperation.

by Phi Linh

Samsung SDS and the Sovico Group announced the signing of an MoU on comprehensive strategic cooperation in digital transformation and the sharing of joint business opportunities on December 2 in Hanoi.

The MoU was signed during the official visit of Prime Minister Nguyen Xuan Phuc and a high-level Vietnamese delegation to South Korea last week. The two companies will cooperate in logistics, digital banking technology, aviation, smart city consultancy, and IT solutions for business, among others.

The partnership will uphold the market leading positions of the Sovico Group and Samsung SDS. Samsung SDS’s know-how and technological platforms will not only enhance Sovico Group’s existing digital services significantly but also bring greater benefits for the two companies’ customers and enable the two to develop joint business opportunities.

“It is our great honor to partner with the Sovico Group,” said Dr. WP Hong, President and CEO of Samsung SDS. “Samsung SDS is dedicated to supporting Sovico’s digital innovation and we believe this partnership will help us to further expand our presence in Vietnam.”

“We believe that the cooperation with Samsung SDS will contribute to significant growth for the two companies and soon offer more products and services to the market,” said Dr. Nguyen Thanh Hung, Chairman of the Founder Council of the Sovico Group.

Established in the 1990s, the Sovico Group has been a leading multi-industry group in Vietnam, operating effectively and sustainably across numerous sectors: finance and banking, aviation, real estate, energy, asset management, and investment. It was the founder of the Vietjet Aviation JSC and is a major shareholder in HDBank.

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