Vietnam Minister of Planning and Investment Meets Chairman Kim Ki-moon: "We Will Support Korean SMEs"

Kim Ki-moon, Chairman of the Korea Federation of Small and Medium Business, is shaking hands with Nguyen Chi Dung, Minister of Planning and Investment of Vietnam, in Hanoi, Vietnam on the 21st.
[Photo by Korea Federation of Small and Medium Business]

[Asia Economy Reporter Kim Bo-kyung] On the 21st, the Korea Federation of Small and Medium Business (KSMB) visited the Ministry of Planning and Investment of Vietnam to discuss cooperation plans for small and medium enterprises (SMEs) between the two countries with Minister Nguyen Chi Trung. About 10 chairpersons of industry-specific associations, including Chairman Kim Ki-moon, attended the meeting.

Chairman Kim conveyed the damages suffered by Korean SMEs due to Vietnam's shutdown policy during the spread of COVID-19 and requested policy support such as incentives from the Vietnamese government and measures to prevent recurrence.

Minister Nguyen Chi Trung promised that the Ministry of Planning and Investment of Vietnam would serve as a channel to address the difficulties and suggestions of Korean SMEs. To this end, he responded that support for Korean SMEs would be reviewed in each sector through departments within the Ministry of Planning and Investment, including the Enterprise Development Department, Industrial Park Management Department, and Overseas Investment Department.

Minister Nguyen Chi Trung highly evaluated the entrepreneurial spirit and technological capabilities of Korean SMEs and requested interest and cooperation so that Vietnamese SMEs can grow through cooperation with Korea and participate in the global value chain.

Chairman Kim responded that the newly opened "Korea-Vietnam SME Exchange Support Center" would serve as a bridge for cooperation between SMEs of the two countries, and that he would continue to cooperate with the Vietnamese government so that Korean and Vietnamese SMEs can build a solid global supply chain.

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