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On the opening ceremony of Mega Us Expo 2022 (Photograph: VNA)HCM Metropolis (VNA) – The Vietnam-Republic of Korea
(RoK) Commerce Truthful (Mega Us Expo 2022) kicked off in Ho Chi Minh Metropolis on
September 21, with a variety of memoranda of understanding (MoU) being signed between the 2 sides on cooperation in innovation and expertise
switch.
The offers embrace an MoU between the Saigon Innovation Hub
(SIHUB) and startup help centres of seven RoK’s universities, in addition to
these on biotechnology and high-tech agriculture.
Addressing the occasion, Nguyen Manh Cuong, Deputy Director
Common, Division of Southern Affairs, Ministry of Science and Know-how, mentioned that the partnership will assist promote expertise switch actions, the
commercialisation of analysis outcomes, in addition to promotion, funding and
help actions for startups and companies.
The signing ceremony of a MoU between HCM Metropolis high-tech agriculture park and Jeonbuk high-tech park (Photograph: VNA)At present, Vietnam has almost 4,000 startups, together with 4
unicorns with a complete worth of over 1 billion USD, and greater than 10 corporations valued at greater than 100 million USD. Final 12 months, angel funding for Vietnamese startups topped 1.3 billion USD.
Cuong added that the RoK had largest variety of funding offers
to Vietnamese startups.
The 2-day occasion gathers 120 Korean startups
who introduce 650 merchandise in several areas comparable to cosmetics,
prescribed drugs, data expertise, family home equipment, meals and
practical meals. It creates an opportunity for the innovation neighborhood, startups and
companies of Vietnam, particularly universities, to strategy improvements from
their Korean counterparts.
Vietnam and the RoK arrange their diplomatic relations in
1992. Over the previous 30 years, commerce between the 2 international locations has elevated 160 folds from 500 million USD to 80.7 billion USD in 2021. Either side are working
collectively for the purpose of 100 billion USD in two-way commerce by 2023 and 150
billion USD by 2030./.
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