An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries (Photo: VNA)

 

HCM City (VNA) – An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries. 

It was organised by Vuccess Co., Ltd of the RoK, with support from the State Agency for Technology Innovation of the Ministry of Science and Technology, the Vietnam Trade Promotion Agency (Vietrade) of the Ministry of Industry and Trade, along with the Korea Institute of Science and Technology and Korea Techno-Ventures Foundation.

At the event, Vietnamese firms were updated on latest technology and cooperation opportunities through 11 leading businesses of the RoK in various fields, including information technology, communications, power-electronics, garment-textile, chemistry, construction, energy and environment.

Bui Hoang Yen from the Vietrade said that since Vietnam and the RoK established diplomatic relations in 1992, the bilateral friendship has been thriving. The countries have paid attention to fostering multifaceted cooperation, especially in economy. 

The RoK is currently the third largest trade partner of Vietnam, as well as the country’s leading foreign investor. 

Vietnam is viewed as a major market of RoK multinational corporations such as Samsung, Lotte and LG, as the companies have expanded investment in the country. 

In addition, the RoK Government has introduced incentives for the effective implementation of the Vietnam-Korea Free Trade Agreement, which paves the way for small- and medium-sized enterprises from the RoK to enter the Vietnamese market. -VNA