Transportation and Logistics Infrastructure
Investment Environment and Tax Incentives Discussed
Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, visited Vietnam to discuss ways to expand technological exchanges and investment cooperation between small and medium-sized enterprises (SMEs) of both countries.
Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, is holding meetings with key Vietnamese figures including Deputy Prime Minister Nguyen Chi Trung in Hanoi and Ninh Binh Province, Vietnam. Korea Federation of Small and Medium Business
The Korea Federation of Small and Medium Business dispatched a delegation of SME representatives to Hanoi and Ninh Binh Province, Vietnam, from August 21 to 23, and held meetings with key Vietnamese figures, including Deputy Prime Minister Nguyen Chi Trung.
This visit was a follow-up to Chairman Kim's meeting with General Secretary To Lam of Vietnam during his state visit to Korea, where both sides agreed on the need to expand cooperation in the fields of science, technology, and industry.
In Hanoi, Chairman Kim met with Deputy Prime Minister Nguyen Chi Trung for in-depth discussions on the direction of technological and investment cooperation between SMEs of both countries. The meeting was also attended by National Assemblyman Nguyen Thanh Cong, Nguyen Van Than, Chairman of the Vietnam Association of Small and Medium Enterprises (VINASME), and Choi Youngsam, Ambassador to Vietnam. Deputy Prime Minister Nguyen Chi Trung previously served as Minister of Planning and Investment of Vietnam from 2016 until last year and has closely cooperated with the Korea Federation of Small and Medium Business since 2022.
Prior to this, on August 21, Chairman Kim and the SME delegation visited Ninh Binh Province, where they held talks with Truong Quoc Huy, Party Secretary of Ninh Binh Province, and Pham Quang Ngoc, Governor of Ninh Binh Province, to discuss ways for Korean SMEs to enter and invest in the province. They also visited the Yen Bang Industrial Cluster to review the transportation and logistics infrastructure, investment environment and tax incentives, and labor supply conditions, confirming the potential for Korean SMEs to establish a presence and invest in the region.
Additionally, on August 21, the delegation met with Nguyen Anh Tuan, Chairman of the Thanh Cong Group, to discuss opportunities for expanding mutual cooperation by leveraging the advanced technologies of Korean SMEs and the young talent of Vietnam. On August 22, they visited Hyundai Thanh Cong, a joint venture between Hyundai Motor Company and Thanh Cong Group, as well as the Samsung R&D Center Vietnam, to observe manufacturing technology, quality management, and advanced research and development sites, exploring possibilities for future technology exchange and joint R&D cooperation between the two countries.
Chairman Kim stated, "By visiting key sites of technological and investment cooperation between the two countries, such as the Yen Bang Industrial Cluster, Hyundai Thanh Cong, and the Samsung R&D Center, and holding in-depth discussions with Deputy Prime Minister Nguyen Chi Trung and other senior Vietnamese officials, I hope this visit will lead to tangible cooperative projects and successful market entry."
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