This MoU is to promote the development of SMEs and help them to seek partners in both Vietnam and the Korea. Under the terms of the MoU, the SMEDF and SBC will also exchange information about business supporting policies and assist each other in conducting surveys in their respective nations.
At the signing ceremony, Ms.Hoang Thi Hong, Director of the SMEDF, said the Republic of Korea (RoK) is now the biggest foreign investor in Vietnam, with a large sum of investment poured into the electronics, energy and manufacturing sectors.
The flow of Korean investment into Vietnam has given a boost to the development of local SMEs and enabled them to join the global supply chain and get access to advanced technologies, she added.
Meanwhile, Mr.Yong Seung Lee, SBC Vice President for Global Marketing, said SBC has accompanied Korean SMEs by assisting them in export marketing and setting up a centre for SME development in Hanoi in 2014.
Established in 1979, SBC is a non-profit, government-funded organization. It is tasked with implementing government policies and programmes for the sound growth and development of Korean SMEs.
