VKBIA strengthens Vietnam – RoK investment cooperation

During their stay, the delegation attended the Dongshin Expo 2023 themed Convergence and Innovation, and the opening ceremony of the Daesil Self-Reliant Energy Village Experience Center - Carbon Neutral.

They also signed a comprehensive strategic cooperation agreement on investment and decided to promote the construction of traditional villages, ecological cities, smart cities with self-reliant energy - carbon neutrality, low carbon emission growth in some localities in Vietnam.

Also attending were Mayor of Naju City - Mr. Yoon Byung Tae, Chairman of Naju City Council - Mr. Lee Sang Man, Vice Mayor of Naju City - Mr. Kang Young Ku, President of Jeollanamdo Provincial Technology Park - Mr. Oh Ik- Hyun, President of Gwangju - Jeollanamdo Regional Innovation Platform - Mr. Park Sung Soo, Principal of Dongshin University - Ms. Lee Joo-Hee.

The Dongshin Expo 2023 displayed new future industrial technologies such as smart mobility, AI, new and renewable energy, green energy, 3D printing and coding technology, manufacturing of self-made wind generators for families and eco-villages, manufacturing of salt water fuel cells, electronic sports and games using robot coding.

At the expo, representatives of Naju administration, Jeollanamdo Technology Park, Dongshin University and Vietnam - Korea Businessmen and Investment Association signed a comprehensive strategic cooperation agreement on investment, research and promotion of the building of traditional villages, ecological cities, smart cities with self-reliant energy – carbon neutrality, low carbon emission growth in some localities in Vietnam.

The delegates then attended the opening ceremony of Daesil Self-Reliant Energy Village Experience Center - Carbon Neutrality, held at Daesil Village, Naju City, Jeollanam-do. This was the result of a national programme implemented by the Ministry of Land and Transport, Ministry of Education, Ministry of SMEs and Startups of Korea, National Research Foundation of Korea, Jeollanamdo Provincial Government, Gwangju City Government and Naju City Government.

This is a self-reliant energy sharing economic village model, implemented by the coordination of Dongshin University, Naju City and green energy research units, including Innomotive - a member of the VKBIA - is the co-ordinating unit, this is a national program aimed at leading the era of carbon neutrality and green energy transition. This model will continue to be applied in Korea, and to be oriented towards cooperation and investment, technology transfer and application in some localities in Vietnam.

“This is the first model to be implemented and completed. Today operated programmes such as e-mobility and smart management in Daesil rural eco-village, using new and renewable energy, hybrid solar/wind generator and system share the battery, and at the same time have time to share the achievements achieved so far for local people to apply and enjoy," emphasized Yoon Byung Tae, mayor of Naju City.

Tran Hai Linh, chairman of VKBIA, noted that this was one of the important models promoting the successful connection between the Government,  research institutes, and businesses through practical application, aiming to develop an industrial ecosystem and services for renewable energy; use energy economically and efficiently; accelerate the roadmap to build a smart power grid and develop renewable energy storage systems, along with accelerating green energy conversion, reducing greenhouse gas emissions, and ensuring just energy transition.

“The signing of the four-party agreement between Naju City Government, Jeollanamdo Provincial Technology Park, Dongshin University, and Vietnam - Korea Businessmen & Investment Association will affirm our goal of strengthening investment cooperation, transfer and application of science and technology between Korea and Vietnam,” said Linh.