Business

Mega Us Expo 2022 promotes Vietnam, RoK partnership in innovation, startup

The Vietnam-Republic of Korea (RoK) Trade Fair (Mega Us Expo 2022) kicked off in Ho Chi Minh City on September 21, with a number of memoranda of understanding (MoU) being signed between the two sides on cooperation in innovation and technology transfer.
Mega Us Expo 2022 promotes Vietnam, RoK partnership in innovation, startup ảnh 1At the opening ceremony of Mega Us Expo 2022 (Photo: VNA)
HCM City (VNA) – The Vietnam-Republic of Korea(RoK) Trade Fair (Mega Us Expo 2022) kicked off in Ho Chi Minh City onSeptember 21, with a number of memoranda of understanding (MoU) being signed between the two sides on cooperation in innovation and technologytransfer.

The deals include an MoU between the Saigon Innovation Hub(SIHUB) and startup support centres of seven RoK’s universities, as well asthose on biotechnology and high-tech agriculture.

Addressing the event, Nguyen Manh Cuong, Deputy DirectorGeneral, Department of Southern Affairs, Ministry of Science and Technology, said that the partnership will help promote technology transfer activities, thecommercialisation of research results, as well as promotion, investment andsupport activities for startups and businesses.

Mega Us Expo 2022 promotes Vietnam, RoK partnership in innovation, startup ảnh 2The signing ceremony of a MoU between HCM City high-tech agriculture park and Jeonbuk high-tech park (Photo: VNA)
Currently, Vietnam has nearly 4,000 startups, including fourunicorns with a total value of over 1 billion USD, and more than 10 firms valued at more than 100 million USD. Last year, angel investment for Vietnamese startups topped 1.3 billion USD.

Cuong added that the RoK had largest number of investment dealsto Vietnamese startups.

The two-day event gathers 120 Korean startupswho introduce 650 products in different areas such as cosmetics,pharmaceuticals, information technology, household appliances, food andfunctional foods. It creates a chance for the innovation community, startups andbusinesses of Vietnam, especially universities, to approach innovations fromtheir Korean counterparts.

Vietnam and the RoK set up their diplomatic relations in1992. Over the past 30 years, trade between the two countries has increased 160 folds from 500 million USD to 80.7 billion USD in 2021. Both sides are workingtogether for the goal of 100 billion USD in two-way trade by 2023 and 150billion USD by 2030./.
VNA
#Mega Us Expo 2022 #Saigon Innovation Hub (SIHUB) #Vietnam-Republic of Korea (RoK) Trade Fair #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

RoK firms eye investment in Hanoi: ambassador

RoK firms eye investment in Hanoi: ambassador

Many Korean enterprises want to learn about investment in Hanoi and look for support from the authorities, said Ambassador of the Republic of Korea to (RoK) Vietnam Park Noh Wan at his meeting with Chairman of the municipal People’s Committee Tran Sy Thanh on September 6.
Vietnam, RoK striving to enhance tourism cooperation

Vietnam, RoK striving to enhance tourism cooperation

Visitors from the Republic of Korea (RoK) make up the largest proportion among the top 10 tourism markets to Vietnam, according to the Vietnam National Administration of Tourism under the Ministry of Culture, Sports and Tourism.

See more

Import and export activities at the Mong Cai border gate. (File photo: VNA)

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Rohit Khurana, an automotive expert at Car Blog India. (Photo: VNA)

Green SM poised to make mark in Indian market

Green SM's strengths, including a dedicated fleet, professional drivers and premium electric limousine models, can help differentiate the company and attract customers seeking higher-quality services in India.

The opening ceremony of the Hue Festival Trade Fair 2026. (Photo: VNA)

Hue Festival Trade Fair 2026 opens with 240 booths

For Hue, the fair is also an opportunity to introduce the image of a dynamic and business-friendly locality while promoting local specialties, One Commune One Product (OCOP) items and outstanding rural industrial products, helping stimulate trade, services, tourism and investment attraction.

Deputy Minister of Finance Cao Anh Tuan at the meeting with the delegation of the RoK Embassy led by Ambassador Choi Young-sam on June 12 (Photo: mof.gov.vn)

Ambassador pledges more contributions to Vietnam – RoK economic links

Deputy Minister of Finance Cao Anh Tuan congratulated Ambassador Choi Young-sam on his successful tenure in Vietnam and praised his contributions to the substantive and productive development of the Vietnam – RoK Comprehensive Strategic Partnership across various fields, including economic and financial cooperation.

The working session between Deputy Minister of Industry and Trade Nguyen Hoang Long and IKC Representative Director and Executive Vice President Atsuhiko Hirano in Hanoi on June 12 (Photo: Vietnamese Ministry of Industry and Trade)

Vietnam, Japan cultivate energy collaboration

Deputy Minister of Industry and Trade Nguyen Hoang Long urged Idemitsu to leverage its role as a strategic shareholder and team up with other partners to respond swiftly to geopolitical shifts, ensuring a stable, sustainable crude oil flow to the refinery.

Leaders of Bamboo Airways and Rakso Holdings Co.Ltd sign an MoU to promote cooperation in the aviation, tourism and service sectors at the forum in Seoul on June 12. (Photo: VNA)

FLC Group seeks to expand investment cooperation in RoK

Ambassador Vu Ho suggested enhancing Vietnam – RoK ties in tourism, aviation and flexible investment models to develop flagship projects meeting high standards, helping herald a new cooperation phase between the two countries.

Delegates press the buttons to launch the Meiko Yen Quang semiconductor manufacturing plant project. (Photo: VNA)

Work starts on 500-million-USD Meiko semiconductor plant in Phu Tho province

The project has an initial investment of more than 500 million USD and will focus on artificial intelligence and space technology-related applications. Once fully operational, it is expected to generate annual revenue of around 530 million USD per year and create approximately 2,000 jobs for local workers.

Coffee, often referred to as the “brown gem” of Lam Dong, is one of the province’s signature agricultural products. (Photo: VNA)

Lam Dong reshapes coffee industry to elevate export value

Lam Dong plans to strengthen branding and trade promotion efforts, develop coffee-growing regions linked to geographical indications, expand digital traceability systems and make greater use of free trade agreements (FTAs) to diversify export markets.

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.