Ho Chi Minh City on June 18 hosted an exchange between more than 50 information technology (IT) businesses from Vietnam and the Republic of Korea (RoK).

Attendees were introduced to the latest microchip and software development projects and the market’s latest computers and mobile phones, according to Radio the Voice of Vietnam (VOV) website.

The Ho Chi Minh City Computer Association (HCA) and the Korean Daegu Mobile, Information, and Communications Centre signed a memorandum of understanding pledging support to businesses seeking distributors, expanding markets, and transferring new technologies.

In early June, 12 Korean leaders in microchip technology, electronics, and information and communications technology (ICT) visited Vietnam on a quest for suitable Vietnamese partners.

Vietnam is currently the fourth largest exporter of ICT products to the RoK. In 2012, Vietnam ’s Korean imports - mainly electronic components - were valued at 5.7 million USD.-VNA