27-04-2019, 17:34 (GMT+7) 181

Robotics South Korean investors seek investment opportunities in Vietnam

A yesterday seminar in Hanoi was a venue where South Korean investors seek investment opportunities in robotics industry and automation in Vietnam.

General Secretary of the ASEAN-Korea Center (AKC) Lee Hyuk said that the seminar aimed at sharing information, technology and seeking investment opportunities in robot application between businesses of the two countries.

Fifty Korean businesses including 11 working in manufacturing robots and automation participated in the seminar with the expectation of listening to more information and technology as well as looking for potential partners in the field to gradually push up robotic application with Vietnamese partners.
Speaking at the event, Deputy Minister of Planning and Investment Vu Dai Thang said being a nation with stable politics and security, Vietnam has recorded numerous positive results in economic development with high and stable growth rate.
Moreover, the Southeast Asian country has favorable investment incentives and improving business climate, said Deputy Minister Thang.
He stressed that with the government and the party’s determination of implementing a science and technology development strategy for the 2011-2020 period and prioritizing the Fourth Industrial Revolution, robotics and automation demand has been rising gradually.
Plus, the country has been becoming a strategic base of international corporations.
Presently, of capital worth $346.5 billion 130 foreign partners have registered to do business in the country, more than $180 billion were poured into key economic sectors such as manufacturing industry, infrastructure development, construction, energy, services and tourism, Mr. Thang said.
So far, South Korea is the leading investor in Vietnam with 7,700 projects which have the total capital of $64 billion. Moreover, the trade turnover between the two countries hit $62.6 billion in 2018.
Specifically, Samsung Corporation has offered 160,000 employment to local Vietnamese laborers including 1,600 engineers in Research and Development Room.

BY ANH PHUONG - Translated by DANG MINH