The two leaders of Việt Nam and Republic of Korea's parliaments cut the ribbon to inaugrate the Việt Nam-Korea Institute of Science and Technology in Hà Nội on Tuesday. — VNA/VNS Photo Doãn Tấn

HÀ NỘI — Chairman of the Vietnamese National Assembly Vương Đình Huệ and Speaker of the National Assembly of the Republic of Korea (RoK) Kim Jin-pyo on Tuesday cut the ribbon to inaugurate the headquarters of the Việt Nam-Korea Institute of Science and Technology (VKIST) at the Hòa Lạc Hi-tech Park in Hà Nội.

Speaking at the inauguration ceremony, Huệ said that the VKIST project was the fruit of the two countries’ cooperation in science, technology, and innovation, which is considered an inevitable trend of the times. 

He said in the past time, the governments of the two countries had always paid special attention to VKIST and expected that the success of the institute model would create a driving force to promote the transformation of the national innovation system, contributing to a breakthrough for Việt Nam’s science and technology.

For his part, Kim said that the VKIST project was of great significance in the two countries’ cooperation in science, technology, and innovation.

This is also the largest project financed by the RoK's non-refundable aid in the world and is also the project to support the establishment of the first public research unit of the RoK, according to Kim.

Emphasising that the success of VKIST completely depends on the researchers of the institute, he expects researchers to devote themselves to VKIST to contribute to the industrialisation and modernisation process of Việt Nam. 

The VKIST project is a development cooperation project between the two governments of Việt Nam and the RoK. It is co-managed by the Vietnamese Ministry of Science and Technology and the Korea International Cooperation Agency (KOICA). — VNS