BIDV Participates in Strengthening Economic and Financial Ties Between Vietnam and South Korea
From April 22–24, 2026, within the framework of the Vietnam–South Korea Economic Forum held on the occasion of South Korean President Lee Jae Myung’s state visit to Vietnam, BIDV participated in fostering economic and financial ties, digital economy collaboration, and international integration
The forum was attended by leaders from various ministries and sectors of both Vietnam and South Korea. Notably, the event was attended by leaders of 26 leading Vietnamese and South Korean companies in the fields of energy, finance, technology, electronics, telecommunications, processing, manufacturing, construction, infrastructure, trade, tourism, and aviation, including: Vietnam Bank for Investment and Development (BIDV); Vietnam National Industry and Energy Group; Vietnam Electricity Group; Vietnam Airlines Corporation; Vietnam Chemicals Group; Sun Group; Thanh Cong Group Joint Stock Company; Truong Hai Group Joint Stock Company; CMC Technology Group Joint Stock Company; FPT Group; CT Group; Vietjet Aviation Joint Stock Company; Samsung Electronics; LG Corp; LOTTE Group; HYUNDAI MOTOR GROUP; HD HYUNDAI; Daewoo Engineering & Construction Co., Ltd; POSCO HOLDINGS; Hyosung Corporation; Doosan Enerbility; GS Holdings...
Strengthening industrial, investment, and science and technology partnerships
This is a high-level forum aimed at bridging policy and business, laying the groundwork for more substantive, in-depth, and closely integrated cooperation between the two economies in this new phase of development.
Vietnam is entering a new phase of development, with the goal of achieving rapid, sustainable growth driven by science and technology, innovation, and digital transformation. Vietnam is focusing on vigorously implementing three strategic breakthroughs: institutions, infrastructure, and human resources, while simultaneously promoting a shift in the growth model from extensive to intensive growth, and from assembly and manufacturing to innovation and high value-added activities. In this process, Vietnam has clearly identified the private sector as the most important driving force, and cooperation with international partners, including South Korea, as a key factor for breakthroughs.
Vietnamese government leaders believe that Vietnam-South Korea relations today go beyond mere trade or investment cooperation; they have moved to a higher, more strategic, and comprehensive stage to jointly participate in and co-create new value chains in the region and globally.
On the South Korean side, the country’s top leader highly praised Vietnam’s development progress, as well as the dynamism and strengths of its economy and market.
At the Forum, leaders from both sides also expressed their hope that the two countries will work together to build a future industrial ecosystem, creating synergy for growth momentum. Both sides are confident that Vietnam and South Korea will achieve the goal of raising bilateral trade volume to 150 billion USD by 2030. The South Korean President proposed that the two sides strengthen cooperation in the manufacturing sector, boldly expand the scope of cooperation into advanced industrial sectors such as semiconductors and electric vehicles; and enhance supply chain connectivity in the field of resources for advanced industries.
BIDV participates in economic, financial, banking, and digital economy connectivity
At the Vietnam-South Korea Economic Forum, businesses from both countries signed and exchanged 73 cooperation agreements (MOUs) across various sectors, including: Energy, finance, technology, electronics, telecommunications, processing, manufacturing, machinery, construction, infrastructure, trade, tourism, and aviation.
Participating in the forum, as a financial institution providing financial solutions and a digital economic ecosystem for businesses in the economy, BIDV signed 3 MOUs with the following specific contents:
1. A three-party cooperation agreement between the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the Korea Overseas Infrastructure and Urban Development Corporation, and Hana Bank: Establishing a strategic partnership for cooperation in the fields of infrastructure, energy, urban development, and green sectors.
2. Vietnam Investment and Development Joint Stock Commercial Bank (BIDV) – GS E&C (a subsidiary of GS Group): Cooperation to provide comprehensive financial solutions for the Thu Thiem Zeit River project and other potential projects of GS E&C in Vietnam.
3. Vietnam Investment and Development Joint Stock Commercial Bank (BIDV) - iMarket Korea Inc: Providing advisory support, facilitating investment and business activities, and offering financial solutions for iMarket Korea’s projects in Vietnam
Pioneering cross-border QR payment connectivity between Vietnam and South Korea
Previously, on April 23, BIDV collaborated with partners NAPAS, Hana Bank, and GLN International to officially launch the cross-border QR payment service between Vietnam and South Korea.
As the pioneer in establishing a platform and connecting payment systems with banks and e-wallets in South Korea, BIDV’s collaboration with Hana Bank to launch this cross-border QR payment service between Vietnam and South Korea demonstrates its technological capabilities and reaffirms its leadership in connectivity, digital transformation, and providing a digital financial ecosystem for domestic and international customers.
More than just a technological solution, the Vietnam-South Korea cross-border QR payment service represents a significant step in the regional financial integration roadmap, helping to boost trade and tourism flows between the two nations while realizing the State Bank of Vietnam’s policy on developing cashless payments.
The cross-border QR payment service is a testament to the increasingly deepening cooperation between Vietnam and South Korea in the financial and banking sectors, helping to usher in an era of borderless payments where every QR code in Vietnam becomes a hub for international trade, aiming for a modern, secure, and sustainable financial ecosystem that promotes bilateral trade, while affirming Vietnam’s position within the ASEAN and Asian regional digital payment networks.
