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Center on Vietnam-South Korea IT cooperation opens in Hanoi
Van Ly
Tuesday,  Nov 14, 2017,20:47 (GMT+7)

Center on Vietnam-South Korea IT cooperation opens in Hanoi

Van Ly

Delegates cut the ribbon to open the Vietnam-South Korea IT cooperation center in Hanoi - PHOTO: VAN OANH

HANOI – A South Korean agency specializing in trade promotion and communications launched a center on information technology (IT) cooperation between Vietnam and Korea at the Keangnam Hanoi Landmark Tower in Hanoi City on November 13.

You Young-min, Korean Minister of Science, ICT and Future Planning, said the cooperation between Vietnam and South Korea is developing strongly, with IT cooperation playing an important role.

As many as 5,000 Korean companies have set up shop in Vietnam since 1992, with investment pledges from Korean investors having reached US$45 billion as of the end of last year and expected to climb to US$55 billion this year.

The minister emphasized that IT goods and services have accounted for over 60% of trade between the two nations, and Vietnam has taken the second place in purchasing South Korea’s IT products.

He expected the new center will operate effectively like the four IT cooperation centers in China, Singapore, Japan and the United States.

Therefore, he expected the center will facilitate cooperation between the two countries, and serve as a bridge among universities, research institutes and companies to discuss IT issues. This will also be a place for experts to have discussions about the development of IT in Vietnam and Korea.

Truong Minh Tuan, Minister of Information and Communications, said the cooperation between the two countries has been developing in all sectors. Korea has become one of Vietnam’s important strategic partners, and vice versa.

He stressed the cooperation on ICT will help foster the relationship, and positively contribute to the growth of each country.

“The Vietnamese Government always creates favorable conditions for Korean companies like Samsung and LG to set up shop and transfer technology to Vietnam in a bid to develop local IT infrastructure and industry,” he said.

Minister Tuan hoped the center will become an important bridge to prop up the ICT cooperation between the two countries.

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