Vietnam and Korea Strengthen Cooperation in Developing Startup Ecosystem through Memorandum of Understanding

Cooperation between Vietnam and Korea to foster startup ecosystem

The Ministry of Science and Technology of Vietnam and the Korean Ministry of Small and Medium Enterprises and Startups (MSS) recently signed a memorandum of understanding to enhance cooperation in developing the startup ecosystem. Under this agreement, the two Ministries will provide training and guidance for young staff members on technology, entrepreneurship, and innovation. They will also exchange information on research materials, teaching materials, and reference materials related to technology and innovation. Additionally, the Ministry of Science and Technology of Vietnam and MSS will work together to promote technology exchange and training, facilitate the exchange of entrepreneurs, researchers, lecturers, students, and experts in the startup ecosystem.

The signing ceremony was attended by Prime Minister Pham Minh Chinh of Vietnam and South Korean Prime Minister Han Duck Soo. This agreement marks a significant milestone in enhancing cooperation between Vietnam and Korea in various sectors, including startup development and innovation. Through initiatives such as the Korea Startup Center (KSC) in Hanoi, both countries are exploring opportunities for knowledge-sharing, capacity-building, open innovation

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