Vietnam, RoK agree to co-finance joint research projects
Vietnamese Minister of Science and Technology Chu Ngoc Anh and Minister of Science and ICT of the Republic of Korea (RoK) Choi Kiyoung on November 27 signed an agreement to co-finance research projects from 2019 – 2020.
Vietnamese Minister of Science and Technology Chu Ngoc Anh meets with Minister of Science and ICT of the Republic of Korea (RoK) Choi Kiyoung in Seoul on November 27. (Photo: VNA)
Seoul (VNA) – Vietnamese Minister of Science and Technology Chu Ngoc Anhand Minister of Science and ICT of the Republic of Korea (RoK) Choi Kiyoung on November 27 signed anagreement to co-finance research projects from 2019 – 2020.
After aprocess of assessment and discussion, the two ministries have agreed toco-finance five selected joint research projects, following each country’sfinancial conditions and related regulations.
They alsoagreed to select four other projects to be financed by the Vietnamese Ministryof Science and Technology and funds from the Republic of Korea.
Earlier thesame day, the two ministers discussed several cooperation issues between thetwo sides. Minister Chu Ngoc Anh asked the Korean side to continue theeffective implementation of agreements reached by the two governments, developprogrammes for cooperation in studying climate technologies and coretechnologies for the Fourth Industrial Revolution, and support innovativestartups and technology transfer between the two countries.
Anh alsoexpected the RoK to consider building a centre for linking the two nations’laboratories which can be based in Deajeon city, and to continue supporting ODAprojects.
Minister ChoiKiyoung said he is delighted to see the two countries’ top leaders have paid due attention to collaboration inscience and technology. He pledged to do his best to foster cooperation betweenthe two ministries, saying it is likely that the two sides will develop morecooperation programmes in the future as Vietnam is a focus of the RoK’s NewSouthern Policy./.
Leaders of the Mekong Delta province of An Giang on November 26 had a working session with representatives from the industrial park (IP) investment promotion association of the Republic of Korea (RoK) on developing smart IPs in the locality.
Prime Minister Nguyen Xuan Phuc, his spouse and a high-level Vietnamese delegation arrived in Seoul on November 27, beginning an official visit to the Republic of Korea (RoK) at the invitation of President Moon Jae-in.
Prime Minister Nguyen Xuan Phuc paid an official visit to the Republic of Korea on November 27-28. He held talks with President Moon Jae-in on November 27 in Seoul.
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Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
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According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.