Jungjingong Supports Promising SMEs in Personal Mobility Sector to Enter Vietnam Market
Technical Seminar and Business Matching Consultation between Korean and Vietnamese Companies on 24th-25th
11 Domestic Companies Achieve $21.17 Million Export Consultations and $8 Million Export Intent Contracts
On the 24th, attendees are taking a commemorative photo at the seminar supporting entry into the Vietnamese personal mobility sector held in Hanoi, Vietnam.
View original image[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (hereinafter referred to as SBC, Chairman Kim Hak-do) announced that it held a technology seminar and business matching consultation meeting in Hanoi, Vietnam, on the 24th and 25th to support promising domestic small and medium venture companies in the personal mobility sector to enter the Vietnamese market.
Vietnam ranks fourth in the world in motorcycle ownership and is currently promoting restrictions on internal combustion motorcycle operation and transitioning to electric motorcycles in line with recent eco-friendly policies. Accordingly, SBC has been promoting various support projects linked to the government's K-New Deal globalization strategy to enable domestic small and medium venture companies to preoccupy the Vietnamese personal mobility market ecosystem based on technological competitiveness.
The event was attended by 11 domestic companies selected for the '2022 Export Localization Support Specialized Program' in fields such as lithium battery packs, automatic transmissions for two-wheelers, charging stations, and electric two-wheel vehicle manufacturing, as well as 32 Vietnamese personal mobility manufacturing companies including Pega and DKBike. Through one-on-one matching, a total of 76 export consultations worth 21.17 million USD were conducted between local Vietnamese buyers and domestic companies, resulting in 5 MOUs for technology transfer and parts supply and export intention contracts worth 8 million USD.
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Kim Moon-hwan, Head of SBC's Global Growth Division, said, "Through this event, domestic small and medium venture companies with excellent eco-friendly technologies not only achieved tangible export results but also secured stable cooperation partners," adding, "We will continue to activate collaboration with local institutions through the export localization support program to help promising domestic small and medium venture companies successfully enter overseas markets."
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