The partnership will uphold market leading positions of Sovico Group and Samsung SDS in their businesses. — Photo courtesy of Sovico Group

Samsung SDS and Sovico Group will speed up co-operation in a wide range of sectors including logistics, digital banking technology, aviation, smart city consultancy and IT solutions for businesses.

This consensus followed a Memorandum of Understanding inked between the two companies in Seoul during the official visit of Vietnamese Prime Minister Nguyen Xuan Phuc and a high-level Vietnamese delegation to South Korea last week.

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

WP Hong, President and CEO of Samsung SDS said he believed that this partnership will help his company to further expand their presence in Viet Nam.

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

Established in the 1990s, Sovico Group is now one of the leading multi-industry groups in Viet Nam. The group has been operating effectively and sustainably across numerous sectors – finance and banking, aviation, real estate, energy, asset management and investment. Sovico Group is the founder of Vietjet Aviation Joint Stock Company and a big shareholder of HDBank. — VNS