Vietnam encourages South Korean enterprises to bolster new investments and expand their operations in the country, particularly in priority sectors such as infrastructure, high-tech electronic manufacturing, semiconductors, big data, biotechnology, and smart cities.
Deputy Prime Minister Ho Quoc Dung made these remarks while hosting South Korea’s Deputy Prime Minister and Minister of Science and ICT, Mr. Bae Kyung Hoon, in Hanoi on April 22.
The meeting was held as part of the state visit to Vietnam by South Korean President Lee Jae Myung to Vietnam between April 21-24.
The Vietnamese Deputy PM urged ministries and agencies from both nations to continue their close coordination to ensure the effective operation of cooperation mechanisms. He emphasized the need to translate policy agreements into concrete, practical projects that yield tangible benefits.
South Korean Deputy PM Bae Kyung Hoon, for his part, highlighted that many major South Korean corporations highly value Vietnam's development potential and high-quality human resources. He noted that the two sides are currently expanding cooperation across various fields, including agriculture, human resource training, and the implementation of Official Development Assistance (ODA) projects.
In particular, the South Korean delegation praised the Vietnam-Korea Institute of Science and Technology (VKIST) as a flagship model for bilateral cooperation.
Deputy PM Bae Kyung Hoon expressed his expectation that VKIST would continue to evolve into a symbol of the enduring partnership between the two countries.
The South Korean side committed to strengthening support and coordination for the effective implementation of projects related to VKIST. The goal is to transform the institute into more than just a research facility, serving as a vital bridge for business collaboration between the two nations. VKIST is also envisioned as a foundation for joint human resource training programs, specifically in software development and Artificial Intelligence (AI).
The South Korean Deputy PM further emphasized the vast potential of Vietnam's young workforce and expressed his hope for enhanced cooperation in cutting-edge sectors such as AI and the semiconductor industry—key areas of focus for the South Korean Government.
Google translate