Vietnam Expands Investment in High-Tech Cooperation with U.S., South Korea, and Japan

(Photo=HCMC C4IR)

Vietnam is strengthening cooperation with the U.S., South Korea, and Japan in advanced technology sectors. The country aims to attract investment from these three nations while also focusing on workforce development.

The Ho Chi Minh City Center for the 4th Industrial Revolution (HCMC C4IR) held a working meeting on 14 (local time) with consulate representatives from the U.S., South Korea, and Japan to discuss collaboration in science and technology.

Attending the meeting, Le Truong Duy, Director of HCMC C4IR, stated, “Ho Chi Minh City will broadly cooperate with the U.S., South Korea, and Japan to develop its high-tech industries.” He added, “We hope to establish a microchip-semiconductor research center in Ho Chi Minh City and cultivate high-quality talent.”

He further emphasized, “Specifically, we hope the U.S., South Korea, and Japan will join Vietnam in building a technology exchange platform based on public-private partnership models that meet international standards.”

Director Duy also requested that the three countries “actively invest in high-tech fields such as big data, artificial intelligence (AI), semiconductors, new materials, biotechnology, and research & development (R&D).”

Additionally, he noted, “Our goal is to collaborate with the U.S., South Korea, and Japan to train 1,000 specialized engineers from this year through next year. We will establish a cooperative framework for human resource education.”

The consulate representatives from the U.S., South Korea, and Japan praised Ho Chi Minh City’s achievements in advanced technology. They particularly highlighted that “Ho Chi Minh City has significant potential not only in high-tech sectors but also in developing its AI industry.”

However, the delegation advised that “Ho Chi Minh City should focus more on improving its investment and business environment.” They recommended removing administrative barriers in a more open manner and shortening processing times. They also suggested proper training for human resources and mentioned the need for a stable power supply.

Vietnam is one of South Korea’s key economic partners. According to Korea International Trade Association (KITA) statistics, bilateral trade between the two countries reached $86.7 billion last year, a 9.2% increase from the previous year. The two nations plan to expand trade to $150 billion by 2030.

From May 17 to 18, Vietnam and South Korea will co-host the ’12th City Culture Convergence Conference (CICON Vietnam 2025)’ in Hanoi and Phu Tho Province. The event will discuss various cooperation measures under the theme ‘AI Era: Urban Development, Cultural Exchange, and Industrial Convergence Between South Korea and Vietnam.’

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