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| Na Ki Hong, CEO of Samsung Electronic Vietnam |
At the Vietnam-South Korea Economic Forum on April 23 in Hanoi, senior leaders and company executives from each nations outlined plans to develop collaboration, from good manufacturing and AI functions to semiconductors and next-generation infrastructure. The occasion additionally noticed the signing of 73 cooperation agreements, underscoring rising business confidence.
Na Ki Hong, CEO of Samsung Electronic Vietnam highlighted ongoing efforts to assist Vietnamese corporations in upgrading manufacturing capabilities and creating good factories, as half of a broader technique for shared prosperity.
The firm can also be increasing programmes to coach and develop Vietnam’s expertise workforce, reinforcing its long-term dedication to strengthening bilateral cooperation.
According to the Korea Institute of Science and Technology (KIST), each nations are transferring in the direction of a “shared innovation community” centred on superior sci-tech, constructed on South Korea’s expertise and Vietnam’s progress potential.
“A joint innovation ecosystem should be built around three pillars of talent, science and technology, and industry, leveraging Korea’s expertise and Vietnam’s dynamism,” stated KIST president Oh Sang-rok.
He added that the 2 sides might collectively deal with industrial and social challenges by collaborative analysis and by making use of South Korean AI manufacturing unit options in Vietnamese enterprises as take a look at beds. This might speed up digital transformation and improve value-added in manufacturing.
Beyond this, Vietnam’s uncommon earth and organic assets, mixed with South Korea’s superior supplies and processing applied sciences, might assist diversify world provide chains and assist the event of new industries.
South Korea can also be anticipated to switch confirmed capabilities in semiconductor manufacturing, serving to lay the inspiration for Vietnam’s chip trade whereas enabling each nations to maneuver into higher-value sectors.
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Vietnamese expertise corporations are additionally positioning themselves as key companions on this subsequent section of cooperation.
Nguyen Trung Chinh, chairman of CMC Corporation, stated the corporate was scaling up funding in digital and information infrastructure, with plans to develop as much as 150MW of capability over the subsequent 5 years, requiring complete funding of between $2 billion and $5 billion.
“We welcome South Korean partners to collaborate on these projects. Our priorities include co-developing core technologies, advancing AI applications in real business environments, and working together on next-generation AI chips,” he stated.
He added that CMC goals to behave as a bridge connecting Vietnam’s innovation ecosystem with South Korea’s technological strengths to create shared worth.
Meanwhile, Truong Gia Binh, chairman of FPT Corporation, pointed to a few main world shifts shaping the business panorama: rising uncertainty, the disruptive affect of AI, and intensifying competitors, significantly from China.
“AI is central to how both Vietnamese and South Korean businesses can respond to these challenges,” he stated.
Binh proposed establishing a Vietnam-South Korea strategic expertise committee to speed up cooperation in key areas akin to AI, semiconductors, unmanned aerial automobiles, quantum applied sciences and cybersecurity, with sturdy backing from each governments.
At the discussion board, Minister of Finance Ngo Van Tuan and South Korea’s Minister of Trade, Industry and Energy Kim Jung Kwan witnessed the signing of 73 agreements, together with memoranda of understanding, funding approvals and funding certificates.
Business leaders say these developments replicate a shift in Vietnam-South Korea cooperation, from scale to high quality, with larger emphasis on expertise, innovation and resilient provide chains.
“For Korean businesses, Vietnam is not only a promising market but also a long-term partner for shared growth. Today’s signing ceremony marks a new step forward in expanding Vietnam-South Korea cooperation,” stated Chey Tae-won, chairman of the South Korea Chamber of Commerce and Industry.
With sturdy alignment between governments and companies, each side are actually trying to translate these commitments into tangible tasks, positioning Vietnam and South Korea as key companions within the subsequent wave of regional and world progress.
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