On 3 August 2022, in Hanoi, BIDV Securities (BSC) and Hana Securities (HSC) - which is a subsidiary of Hana Financial Group (Korea) - signed a strategic cooperation agreement. Attending the signing ceremony were representatives of Hana Financial Group, KEB Hana Bank, Bank for Investment and Development of Vietnam JSC (BIDV), customers, shareholders of BSC and the press.

Following is the Share Subscription Agreement (SSA) signed by the two companies in March 2022 (BSC offered 65,730,042 shares in the form of private placement to HSC at the price of VND41,000 per share, total value of VND2,695 billion), this strategic cooperation agreement shows the spirit of goodwill to build a strong relationship and define cooperation orientations between the two sides in the coming time.

Representatives of BSC and HSC signed the strategic cooperation agreement

Under the bilateral strategic partnership, Hana Securities plans to share the firm's know-how in operating its top-notch research centers with BSC. The Korean securities company also aims to facilitate the development of innovative digital brokerage platforms for the Vietnamese market.

Addressing at the signing ceremony, Mr. Ngo Van Dung - Member of the Board of Directors of BIDV, Chairman of the Board of Directors of BSC said:

The successful cooperation with Hana Securities Co., Ltd under this agreement is an important step forward, creating motivation for BSC to promote business activities, invest in information technology system, and comprehensively digital transformation. , developing the financial services ecosystem, investment banking to a new level. Thereby accelerating the process of realizing the strategy and vision to 2025: becoming one of the leading securities companies and making many contributions to the sustainable development of Vietnam's stock market.

Mr. Lee Eun Hyung - Vice Chairman of Hana Financial Group, General Director of HSC said:

The focus of this cooperation agreement focuses on the two sides working closely to build a substantive and effective cooperation mechanism, focusing on the fields of digital transformation and business expansion. new, applying advanced risk management system.

Key officials of BIDV's Board of Directors, Hana Financial Group, BSC and HSC

The strategic cooperation agreement between BSC and HSC also affirms the special, increasingly close and extensive relationship between BIDV and Hana Financial Group and Hana Bank after the two sides completed a large strategic sale. history of Vietnam's banking industry with a value of nearly USD1 billion, making Hana Bank a strategic investor holding 15% of BIDV shares in 2019.

Becoming a strategic partner and implementing cooperation agreements between BIDV and Hana Bank as well as between BSC and HSC in the near future will be a model for the extensive cooperation relationship between the two financial institutions in Vietnam and South Korea; creating a positive effect for the development of the Vietnamese stock market as well as the wave of investment in the Vietnamese financial market.

About BSC: Bank for Investment and Development of Vietnam Securities Company (BSC), established on 26 November 1999, is one of the first two securities companies operating on the Vietnamese market. BSC's main business activities include securities brokerage, underwriting, investment consulting, derivatives trading, proprietary trading, and investment banking (IB). In the fiscal year 2021, the Company reached the Top 26 in terms of equity size, the Top 11 in stock brokerage market share and achieved a profit of 15 million USD, equivalent to a ROE ratio of 22.2%. With additional capital from the additional issuance to strategic partners, BSC is expected to make a leap in ranking to the Top 10 securities companies with the largest equity size. About HSC: Hana Securities Company Limited (HSC), formerly known as Hana Financial Investment Company Limited (HFI) (adjustment on 12 July 2022) is a member of Hana Financial Group - one of the three largest financial groups in Korea with a network of 208 countries in 25 regions around the world. HSC currently provides a full range of services including retail, wholesale, investment banking and securities trading services to more than 1.4 million customers. HSC has a network of 55 branches in Korea and two overseas subsidiaries (China, Singapore), with total assets of 52.8 billion USD and total equity of 4.5 billion USD as of 30 June 2022.