Vietnam, RoK work to enhance technology transfer

It aims to connect technology supply and demand between the two sides so as to introduce advanced technology that RoK companies can transfer to or cooperate with their Vietnamese partners to develop.

At the event, RoK businesses said they are ready to transfer technology in mechanical manufacturing, electricity-electronics, automobile components, automation and energy saving, according to Tran Thi Hong Lan, Deputy Director of the Technology Application and Development Department under the Ministry of Science and Technology. 

Hong Chang Woo, Executive Director of Innobiz – the RoK’s innovation business association, said both RoK and Vietnamese enterprises want to seek new markets and new technologies to develop. As the RoK side has strength in technique and technology, they can partner with Vietnamese firms to grow together. 

Over the last couple of years, the technology application department and Innobiz have surveyed the technology-related demand of nearly 300 small- and medium-sized Vietnamese companies in such fields as agriculture, energy, environment and mechanical manufacturing.

They have connected nearly 400 Vietnamese enterprises with 96 RoK businesses that want to cooperate and transfer technology.