Vietnam, RoK look to expand technology, start-ups, innovation cooperation
Hundreds of experts, investors and representatives from investment funds and start-up support organisations of Vietnam and the Republic of Korea (RoK) gathered at the festival for innovative startups (TECHFEST) in Seoul on April 13.
Seoul (VNA) - Hundreds of experts, investors and representatives from investment funds and start-up support organisations of Vietnam and the Republic of Korea (RoK) gathered at the festival for innovative startups (TECHFEST) in Seoul on April 13.
Vietnamese Deputy Minister of Science and Technology Tran Van Tung, and Minister Counsellor and Deputy Head of Vietnam Representative Office in the RoK Nguyen Viet Anh attended the event, which marks the resumption of international connection activities for Vietnam's innovative startup ecosystem, contributing to bringing more Vietnamese startups to the global playing field.
The event offered a good chance for innovative startups that have won prizes at a contest looking for startup talents in the framework of TECHFEST Vietnam to present their projects to more than 30 Korean venture capital funds, including Gostream, FINA and Sobanhang.
According to Deputy Minister Tran Van Tung, there is great potential for Vietnam and the RoK to expand cooperation in the field of start-ups and innovation.
Vietnam can learn from the RoK’s experience in developing a startup ecosystem, support policies from the government, he said, adding that the Korean side said it is willing to share and cooperate with Vietnam.
Addressing the event, Kim Seon-il from the RoK Ministry of Science and Technology said Vietnam's start-up sector has developed quite rapidly, attracting increasing investment.
The National Agency for Technology Entrepreneurship and Commercialization Development (NATEC) and the National Startup Support Centre (NSCC) of Vietnam has signed cooperation programmes with RoK partners and set up a representative office at Seoul Startup Hub of the RoK.
On this occasion, NSSC will also sign cooperation agreements with Korean investment funds and start-up support organisations to improve the technology and market development ability for Vietnamese innovative start-ups operating in the RoK.
Deputy Minister Tung is leading a delegation of the Vietnamese Ministry of Science and Technology on a working visit to the RoK in the framework of the Knowledge Sharing Programme (KSP) on developing innovative startup ecosystem, funded by non-refundable aid of the RoK government./.
The Vietnam Cooperative Alliance (VCA) and the National Agricultural Cooperative Federation (NACF) of the Republic of Korea (RoK) inked a memorandum of understanding (MoU) on cooperation in the 2018-2021 period at a ceremony in Hanoi on April 3.
A high-ranking delegation of the Ministry of Public Security (MPS) led by Minister Gen. To Lam had talks with Prosecutor General of the Republic of Korea (RoK)’s Supreme Prosecutors’ Office (SPO) Lee Won-seok in Seoul on April 6.
Politburo member and Minister of Public Security To Lam paid a courtesy call to Prime Minister Han Duck-soo in Seoul on April 7 as part of his trip to the Republic of Korea.
Prime Minister Pham Minh Chinh on April 13 expressed his belief and wish that Samsung Electronics Co., Ltd., of the Republic of Korea (RoK) will maintain its important role in enhancing economic cooperation between the two countries with many new strategic projects.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Photo: VNA) 
