Consultancy firms from Vietnam and the Republic of Korea (RoK) gathered at a workshop in Ho Chi Minh City on November 26 to share experience in renovating business operation.

The main topics were how to increase productivity and reduce production costs, improve management strategies and modernise technology.

Ko Jun Seok, a representative from the Korean small and medium-sized enterprises (SMEs) management department, said cooperation between the two countries in business renovation is going well. He add that the RoK will increase funding for activities in this field in Vietnam next year.

Deputy Minister of Science and Technology Tran Viet Thanh said Vietnamese businesses can acquire a lot of experiences from the RoK which boasts professional consulting staff and system.

The ministry has piloted a programme this year giving 10 domestic enterprises access to RoK consultancy service, which has reaped initial success, Thanh added.

On the occasion, the National Agency for Southern Affairs under the Ministry of Science and Technology and the RoK SMEs management department signed a Memorandum of Understanding on cooperation in the field.-VNA