HCM CITY — Executives from 11 Korean companies met their Vietnamese counterparts at the 2018 Việt Nam-Korea Technology Venture Matching held in HCM City on August 22 to exchange information and explore business opportunities.

The visitors were from companies specialising in stainless power joints, activated carbon auto regeneration water treatment filtration equipment, digital contents publication technologies, smart battery and power solutions, environment-friendly materials, VRoadcast, VR arcade contents platform, and others.

An executive from Dasung Tech, which makes stainless power joints, said his company has a dominant market share in Korea and is seeking to expand to Taiwan, the Philippines and Việt Nam.

An Incell Company official said it was his first visit to Việt Nam to seek business opportunities, and he hoped to find many partners at the event.

Bùi Hoàng Yến from the Việt Nam Trade Promotion Agency said since establishing diplomatic ties in 1992, the two countries have developed close ties in many fields, including trade and investment.

Korea is now Việt Nam’s third largest trade partner and largest foreign investor after trade expanded rapidly over the years.

In addition to multinational corporations operating in Việt Nam such as Samsung, Lotte and LG, many other Korean firms have also come looking for investment opportunities in this country, especially after the Việt Nam-Korea Free Trade Agreement took effect, she said.

Back Hee Ki, president of the Korea Institute of Science and Technology, said the global economy has entered the industry 4.0 era, and companies are making efforts to find a new driving force for economic development and creat jobs.

Last year, it had organised seminars to promote co-operation and technology transfer between Vietnamese and Korean businesses, he said.

He hoped the 2018 Việt Nam-Korea Technology Venture Matching would enhance co-operation between businesses from the two countries and open a new chapter in ties between the two countries’ business communities. — VNS