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VNTRAVEL Group and Yanolja Group signed landmark extended cooperation agreement

Giang Binh Tran, CEO at VNTRAVEL (left) & Andrew Kim, Senior Director of Global Partnerships at Yanolja Cloud (right) at the Signing Ceremony.

This significant partnership sets the exciting stage for a new era of groundbreaking innovation and collaboration in the travel and technology sectors in Vietnam.

HANOI, VIETNAM – VNTRAVEL, leading travel tech company in Vietnam that operates and, announce that it has extended and expanded its partnership with Yanolja Group, a renowned Korean unicorn, in the presence of the Ministry of Planning and Investment (MPI).

The Signing Ceremony, held at JW Marriott Hotel Hanoi under the Vietnam Korean Business Forum 2023, signifies the unwavering commitment of both companies to collectively revolutionize the travel landscape through state-of-the-art digital solutions in both B2C and B2B verticals. The event was graced by esteemed high-ranking officials from the Ministry of Planning and Investment, who keenly observed and actively participated in this momentous milestone, thus marking it as a historic occasion.

Under this extended and expanded partnership, VNTRAVEL and Yanolja will focus on driving technological advancements and delivering unparalleled experiences to travelers in both Vietnam and Korea. The key objectives of the partnership include

  • Advancing Travel Technology: By leveraging their collective expertise, VNTRAVEL and Yanolja will work together to develop and deploy innovative travel technology solutions. This includes enhancing VNTRAVEL’s Online Travel Agency (OTA), its Software-as-a-Service (SaaS) Hospitality Management Solution offerings to provide seamless and personalized experiences for travelers, as well as the offerings of Yanolja Cloud, Yanolja’s SaaS division which has become a leading AI-based global SaaS provider.
  • Expanding Market Reach: Through this collaboration, VNTRAVEL and Yanolja will share with each other their extensive network of accommodations and hospitality solutions. This extended and expanded strategic partnership will enable both companies to enhance their portfolio of offerings, providing international customers with an even wider range of options and ensuring exceptional travel experiences across Vietnam as well as Korea.
  • Catalyzing Industry Growth: VNTRAVEL and Yanolja will foster collaborations with local and international industry partners, including airlines, tour operators, and other travel service providers. By creating synergistic relationships, the companies aim to elevate the travel ecosystem, drive economic growth, and position Vietnam as a prominent player in the global travel industry.

“We are delighted to announce the signing of this extended and expanded Cooperation Agreement between VNTRAVEL and Yanolja” stated Giang Tran Binh, CEO at VNTRAVEL. “This partnership signifies our shared vision to transform the travel landscape in Vietnam, fueled by technological innovation and collaboration. Together with Yanolja, we are poised to revolutionize the way people travel, unlocking new opportunities and delivering exceptional value to our customers.”

“Vietnam is one of the most preferred tourist destinations in Asia and one of the most popular tourist destinations for Korean travelers,” said Andrew Kim, Senior Director of Global Partnerships at Yanolja Cloud. “By strengthening the partnership between Yanolja Cloud and VNTravel, we will continue to create innovations and additional value for all travelers coming to and traveling between Korea and Vietnam.”

The presence of Mr. Nguyễn Chí Dũng, Minister of Vietnam MPI and Mr. Chang-Yang Lee, Minister of Korean Ministry of Trade, Industry, and Energy, and their witnessing of the Signing Ceremony highlights the both governments’ recognition of the importance of digital transformation in the travel sector and their support for such strategic partnerships that drive economic growth and technological advancement.

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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.