Vietnam and RoK businesses team up for semiconductor chip manufacturing
VOV.VN - Businesses of Vietnam and the Republic of Korea have inked a cooperation deal to invest in manufacturing semiconductor chips and mechanical precision components for the electronics industry.
The document was signed in Hanoi on October 11 by the Hanoi Supporting Industries Business Association (HANSIBA), N&G Group and Cheongju Entrepreneurs Community (CEC) of the Republic of Korea.
Under the signed document, the parties will jointly work on human resources training, management and technology transfer for the semiconductor chip manufacturing industry in the coming time. They will team up to form semiconductor chips and mechanical precision components manufacturing complexes.
Before the signing ceremony, HANSIBA, N&G and CEC examined the possibility of grasping investment opportunities in both the RoK and especially Vietnam which has established comprehensive strategic partnership with global leading economies, including the US and the RoK.
According to Nguyen Hoang, HANSIBA president, Vietnam is becoming an attractive destination for foreign businesses, including Korean businesses, in the semiconductor chip manufacturing industry, thanks to its ideal infrastructure and qualified workforce.
In addition, the government has introduced incentive policies to support local businesses in developing partnerships with foreign businesses, including Korean firms.
Sung-Hun Jung, director of Semisol Tech, shared the view that Korean businesses are keen to increase cooperation with Vietnamese counterparts, especially in the supporting industry, on the back of opportunities Vietnam offers from its international integration and enforcement of free trade agreements (FTAs).
He also proposed that Vietnam introduce consistent, transparent policies to create a conducive business and investment climate for foreign businesses.
