Technologies were transferred from the Republic of Korea to Vietnamese organisations and companies on November 22 during the Korea-Vietnam Materials and Components Technology Transfer Seminar in Hanoi.

Since May 2011, the two countries have been co-operating in industry development and energy resources, including atomic energy, auxilliary industries, a 17 million USD industrial technology incubator park in Can Tho and human resources development.

Prime Minister Nguyen Tan Dung will attend the groundbreaking ceremony for the park on November 23.
This year, the RoK Ministry of Trade, Industry and Energy (MoTIE) and Vietnam's Ministry of Industry and Trade (MoIT) signed a memorandum of understanding on co-operation in the auxiliary sector.

The technologies focus on electrical and electronics, automotive, machinery and textiles. The Korean counterparts surveyed 100 Vietnamese companies to discover which technologies were most in demand.
Kim Sun Min, director of MoTIE's Materials and Components Policy Division, said the RoK would help Vietnam train 280 people on short-term (two-week) and long term (five-year) courses.

The long-term courses are set for mechanical and electronic engineering training, while the short-term ones aim at industrial technology policies for officials from MoIT.

In addition, both ministries have agreed to host joint research and development programmes for materials and components with an annual budget of 942,400 USD.

"This event will open up more co-operation opportunities in the auxiliary industry for both sides," Kim said. "I hope it will contribute to the development of the sector in your country."

Vietnam had the resources and potential to develop the auxiliary industry, he added.

Nguyen Huy Hoan, deputy director of MoIT's Department of Science and Technology, said: "The transfer of the RoK technologies will help Vietnamese enterprises to enhance competitiveness, which in turn will attract more foreign direct investment and boost the economy”.-VNA