F88 Business JSC, KB Securities (Korea) and KB Securities Vietnam (a Viet Nam-based member of KB Securities) entered a co-operation agreement. — Photo courtesy of the company

F88 Business JSC on Tuesday signed a strategic co-operation agreement with KB Financial Group, the leading financial group in South Korea, via its subsidiaries of KB Securities (Korea) and KB Securities Vietnam (a Viet Nam-based member of KB Securities).

The co-operation creates a foundation for both parties to develop mutual business opportunities in Viet Nam under principles of respect, trust and goodwill.

Speaking at the signing ceremony, Phung Anh Tuan, Chairman and General Director of F88 Company, said: “F88 is very happy and confident about the signing of a cooperation agreement with a leading financial group in Korea - KB Financial Group will open more opportunities for successful cooperation for both parties. This also helps F88 implement the strategy of becoming a financial convenience store chain with a variety of services for customers.”

Nguyen Duc Hoan, CEO of KB Securities Vietnam, said: “F88 has a wide distribution network, first-class retail location which delivers convenience to customers, strong sales force, sound customer service, advanced technological platforms and a high-performance management team. So, KB expects to distribute our financial products and services to Vietnamese clients with F88. Besides, KB Securities shall seek opportunities to raise capital for F88 from onshore and offshore investors through bonds or other financing mechanisms.” — VNS