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INVESTMENT

Vietnam, South Korea promote new cooperation methods in Industry 4.0

Updated at Wednesday, 12 Sep 2018, 18:06
The Hanoitimes - South Korea and Vietnam have had valuable experiences in cooperation in many fields, especially science and technology cooperation with a view to serving the socio-economic development.
Representatives of business and policy makers from South Korea, Vietnam and ASEAN nations met and shared successful experiences on economic cooperation between Vietnam and South Korea to seek new cooperation methods in Industrial Revolution 4.0 in the "Korea Night" event on September 11 evening.
 
Delegates attending the "Korea Night" event. Photo: VGP
Delegates attending the "Korea Night" event. Photo: VGP
The event was co-organized by the South Korean Embassy in Vietnam in cooperation with the Association of Korean Businesses in the framework of the World Economic Forum (WEF) held in Hanoi from September 11-13.

"Korea Night" was attended by the WEF’s Executive Chairman Klaus Schwab, Vietnamese Minister of Science and Technology Chu Ngoc Anh, and South Korean Minister of Foreign Affairs Kang Kyung-Wha.

Promoting "South Korea - Vietnam 2.0" cooperation in new context

South Korean Ambassador to Vietnam Kim Do-Hyon said that "Korea Night" is an event organized by the Korean government on the occasion of the annual Davos Forum. This is the first time the event has been held in Hanoi within the framework of the regional conference.

This reflects the Korean government and enterprises’ appreciation for Hanoi’s status as the emerging economic hub of Southeast Asia, as well as their great heed given to the relationship with Vietnam.

Ambassador Kim Do-Hyon also expressed his expectation that this would be a meaningful event that the two countries could take advantage of the impetus of the Industrial Revolution 4.0 to build a more successful South Korean-Vietnamese cooperation partnership.

President of the Korean Business Association in Vietnam Kim Jung-In noted it was time for the two countries prepare for "South Korea - Vietnam 2.0" cooperation in the context of the Fourth Industrial Revolution. 

Kim Jung-In also noted that the fields which the Vietnamese government is focusing on such as smart cities, e-government, building information and communication infrastructure are those Korean businesses are advanced in.

Focusing on high-tech cooperation

Addressing the "Korea Night" event, Minister of Science and Technology Chu Ngoc Anh conveyed the message of the Vietnamese government to the delegates attending the event: "The WEF ASEAN 2018 is a chance for Vietnam to deepen relations with other nations, including strategic and important partners; thereby strengthening the open and multilateral external relations, diversifying, contributing to creating a peaceful and stable environment for socio-economic development, raising Vietnam’s prestige in the national arena."
 
Minister of Science and Technology Chu Ngoc Anh wants the scientific community of Vietnam and Korea will cooperate more closely. Photo: VGP
Minister of Science and Technology Chu Ngoc Anh wants the scientific community of Vietnam and Korea will cooperate more closely. Photo: VGP
The minister gladly said that Vietnam and Korea shared their experiences in expanding cooperation between Korean business community and Vietnamese enterprises and partners in the new context.

He hoped that in the coming time, there would be more cooperation activities related to investment of South Korean enterprises in the fields of industry and high technology in Vietnam, including investment in the Hoa Lac Hi-Tech Park on the outskirts of Hanoi.

“In particular, we are looking forward to witnessing the collaboration between South Korean business and academic community with V-KIST Institute so that V-KIST truly becomes a leading industrial technology research institute in Vietnam and contributes to promoting the two countries’ capacity of innovation," Minister Chu Ngoc Anh said.
Trung Kien
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