During the visit, the VNBA delegation had a working session with the Korean Federation of Banks (KFB). Mr. Cho Yong-Byong, Chairman of KFB and Mr. Lee Tae-Hoon, Vice Chairman of KFB welcomed the delegation.
At the meeting, the two sides discussed topics related to the macroeconomic situation, banking and credit sector operations in Vietnam and Korea; exchanged experiences in digital transformation, the use of electronic signatures in practice at Korean banks as well as experiences in green credit practices at Korean banks.
Photo session
In which, the representative of the Korea Institute of Finance (KIF) presented on "Economic trends and current status of operations of the Korean banking industry". Also at the meeting, the representative of the Korea Credit Information Service (KCIS) gave an overview of the MyData system, a brief overview of the development process and achievements of this system.
On behalf of the delegation, Dr. Nguyen Quoc Hung welcomed the warm and thoughtful welcome and the useful information shared by KFB.
Mr. Nguyen Quoc Hung said: “The relationship between VNBA and KFB has been forged over a long period of time, from 2004 to present. This visit is a very meaningful opportunity for the two sides to continue to strengthen cooperation, connection, and further tighten the close relationship. The knowledge and experience of Korea are valuable lessons for us to learn”.
Seminar at KFB
In addition, Dr. Nguyen Quoc Hung shared: “Currently, there are about 10 banks and many other Korean financial institutions present in Vietnam, of which a number of banks and financial institutions have joined VNBA. This is an honor and also a responsibility of VNBA. We will make every effort to protect the legitimate rights and interests of member organizations, including members who are banks and financial institutions from Korea. We hope that both sides will continue to support each other's activities on the basis of understanding, trust, and cooperation for mutual benefit.
Mr. Cho Yong-Byong, Chairman of KFB, said: “In the future, KFB will continue to strengthen exchanges and cooperation with banking associations, including VNBA, to promote Korea's advanced financial industry and financial infrastructure, and actively support domestic banks to expand into the international market.”
Mr. Lee Tae-Hoon, Vice Chairman of KFB, also shared: “We are pleased to witness the close cooperation between VNBA and KFB. Today's meeting is an opportunity to further strengthen the relationship. We would like to express our deep gratitude to VNBA for visiting and working in Korea. Hopefully, the cooperative relationship between the two sides will be even closer and more sustainable in the future."
Seminar at Shinhan Bank
Also within the framework of the visit, the VNBA delegation visited Shinhan Bank. Welcoming the delegation was Mr. Seo Seung-Hyeon, Deputy General Director – In charge of Global Business Group, Shinhan Bank.
At the meeting, Shinhan Bank representatives exchanged information on the lending services, clearly stating the appraisal processes when lending online, online lending products (micro-credit, home loans, car loans, employee loans, etc.). In addition, the delegation was also introduced to technologies and processes related to authenticating customer identity by online ID or via mobile devices or through website access data mining, as well as experience in applying digital signatures in the credit lending process at this bank.
Giving memorial gift
Appreciating the contents shared by Shinhan Bank, Dr. Nguyen Quoc Hung said that the issues discussed at the meeting were also key issues that Vietnamese credit institutions are currently very interested in. These extremely practical experiences that have been successfully implemented by Korea will be useful knowledge to help the Vietnamese banking system operate more effectively. Mr. Nguyen Quoc Hung expressed his hope that in the coming time, Shinhan Bank will continue to share its lessons learned with Vietnamese banks through exchange programs, training, seminars, discussions, etc. with VNBA, in order to contribute to the effective operation and sustainable development of the Vietnamese credit institution system.
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