HCM City (VNA) – The Vietnam-Republic of Korea (RoK) cooperation forum on future promising sectors took place in Ho Chi Minh City on July 16.
The event, co-hosted by the Korea Trade-Investment Promotion Agency (KOTRA) under the RoK Ministry of Trade, Industry and Energy (MOTIE) and several units in Ho Chi Minh City, brought together experts who discussed the potential of collaboration across various industries. Vietnam's attractiveness as a destination for Korean investments was also highlighted.
RoK Consul General in Ho Chi Minh City Shin Choong-il said stronger relations between the two countries' leaders has facilitated significant economic cooperation. He pointed to agreements on technology transfer and human resources exchange in emerging fields like eco-friendly energy, digital transformation, green economy and biotechnology.
Underlining the established frameworks for cooperation, including participation in forums like the Asia-Pacific Economic Cooperation (APEC), the Asia-Europe Meeting (ASEM), the Mekong-Korea Cooperation, and the ASEAN-RoK partnership, he noted that the RoK remains Vietnam's top foreign direct investment (FDI) partner, second largest bilateral official development assistance (ODA) provider, and the third largest trade partner.
Director of the Ministry of Planning and Investment's Foreign Investment Agency (FIA) Do Nhat Hoang said Vietnam prioritises projects featuring advanced, new and clean technologies, modern management practices, high added value, broad impact, technology transfer, and global supply chain connection.
According to him, Vietnam regularly announces and updates priority sectors for foreign investment, including electricity, electronics, semiconductors, renewable energy, hi-tech agriculture, research and development, financial centres, digital economy and digital transformation.
Concurrently, Vietnam is working to stabilise macro-economic conditions, pursue its three strategic breakthroughs of institutional reform, infrastructure and human resources; and improve dialogue with investors to address challenges.
The forum concluded with the signing of a memorandum of understanding (MoU) on cooperation between Vietnamese and Korean enterprises./.
