Cooperation between the Vietnamese and Korean agencies is one of the solutions to promote the flow of knowledge and R&D cooperation. Photo: Vietnamese Ministry of Science and Technology

The State Agency for Technology Innovation (SATI) under the Ministry of Science and Technology on June 22 signed a Memorandum of Understanding (MoU) on strategic cooperation in advanced technology development with the Korea Evaluation Institute of Industrial Technology (KEIT), VietnamPlus said.

The signing of the MoU took place on the occasion of the State visit to Vietnam by President of the Republic of Korea (RoK) Yoon Suk Yeol. It is part of the Indo-Pacific Economic Framework (IPEF) and a solution to promote cooperation in technology, innovation, and green transformation towards Vietnam's goal of net zero emissions by 2050.

At the signing ceremony, Deputy Minister of Science and Technology Le Xuan Dinh said as Vietnam and the RoK upgraded their relations to a comprehensive strategic partnership in December 2022, the MoU signing will not only bring great benefits and potential to the science and technology industry of the two countries but also create economic-social-environmental impacts when the joint research results are widely applied.

Vietnam is promoting activities of studying, trading, and transferring new, high-tech, and advanced technologies with partners. Photo: VNA

SATI Director Nguyen Mai Duong said that Vietnam is promoting activities of studying, trading, and transferring new, high-tech, and advanced technologies with partners; strengthening international cooperation with organisations and individuals abroad in R&D activities, technology transfer, human resource training, and innovation.

Therefore, cooperation between the Vietnamese and Korean agencies is one of the solutions to promote the flow of knowledge and R&D cooperation, contributing to improving the technological capacity and productivity of enterprises, and the quality, and competitiveness of products.

Earlier the same day, SATI also signed an MoU with the Korea Institute for Advancement of Technology (KIAT) to promote cooperation activities in technology connection, research, and development, innovation for businesses of the two countries, and join the international innovation network.

Enhancing partnerships in construction

The MoU signing ceremony between the International Contractors Association of the RoK and the Vietnam Association of Construction Contractors on June 22. Photo: VNA

The same day, the International Contractors Association of the RoK (ICAK) and the Vietnam Association of Construction Contractors (VACC) signed another MoU.

ICAK Chairman Park Sun-ho said the two associations have made substantial contributions to their countries’ relations in the field of construction, noting that under the MoU, enterprises of both sides will build new plans to further develop their partnerships in construction.

He expressed his hope that with the RoK’s experience in developing infrastructure and underground structures, the countries can jointly carry out projects.

Following the signing, the two sides will discuss with each other to make plans on the projects that can be carried out in the time ahead, he went on, adding that ICAK hopes to receive suggestions from the VACC and construction companies of Vietnam.

For his part, VACC Chairman Nguyen Quoc Hiep said in the field of investment and construction, a number of leading Korean enterprises have been present in Vietnam for many years such as Samsung, Hyundai, and Dong A. With their rich experience, Korean firms have been gaining a foothold in the Vietnamese market.

Hiep described the MoU signing as a special milestone in the ties between Vietnamese and Korean construction companies as it will open up opportunities for cooperation and mutual assistance in such areas as construction technology, bidding, material supply, and manpower training./.

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