Attending the ceremony were Dr. Tran Hai Linh, member of the Vietnam Fatherland Front Central Committee and Chairman of Vietnam - Korea Entrepreneurs & Investment Association (VKBIA), Pham Hai Tung, Chairman of Association of Small and Medium Enterprises in the South of Vietnam, leaders of the Korea International Technology Exchange Association (KAITE), along with businesspeople and representatives of organizations.

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At the signing ceremony

In 2020, Vietnam’s and the world’s economy has been being seriously affected by the trade war between major countries; climate change, natural disasters, droughts, and especially the COVID-19 pandemic. To further materialize the connection between Vietnam and the RoK towards the most effective collaboration in trade promotion, the representative of VKBIA Central Vietnam, the KAITE, the Center of Trade Promotion and Support Investment in the South (under the Association of SMEs in the South of Vietnam), VKBIA Group Joint Stock Company and C&N Vina Company (Korean FDI enterprise) have agreed to sign a memorandum of understanding (MOU) on "coordinating to boost promotion, investment attraction, and trade cooperation between Vietnam and the RoK."

The MOU with many specific cooperation contents, in which the signatories continue to work closely to promote new and high technologies transferring, establish collaborated R&D centers, further the cooperation in training high-skilled human resources for industrial clusters, cooperation and development for industrial parks in Vietnam, such as Phong Dien Industrial Park (Hue), Tam Anh Industrial Park (Quang Nam), and build factories and workshops to serve the high-tech production chains that could meet the standards for the global supply chain.

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At the event

Nguyen Huynh Tan Trinh - VKBIA President of Central Vietnam branch and Lee Chung Keun, General Director of C&N Vina affirmed that the coordination in promoting, cooperating and developing Korean-model-industrial-zone in Vietnam is very important. This coordination will help bring more Korean investors, corporations, and businesses to Vietnam in the coming time, especially 2021.

Meanwhile, Lee Dong Jae, KAITE President emphasized that with the cooperation with VKBIA and Vietnam - RoK businesses this time, we expect to join hands to welcome the era of global technology exchange.

"With this cooperation, we will contribute more to strengthening connection and cooperation between associations and enterprises of the two countries,” said Pham Hai Dinh, Vice Chairman of Vietnam - Korea Experts and Intellectual Association (VKEIA) and CEO of VKBIA Group.

Dr. Tran Hai Linh hoped that the cooperation will bring practical effects to promote trade cooperation and develop the relations between the two countries, and at the same time contribute to the socio-economic development of localities in the South Central region.

Song Anh