Meeting between Minister Lee Young of the Ministry of SMEs and Startups and Vietnam's Minister of Planning and Investment: "Expecting Cooperation"

Discussion on Strengthening Exchange Measures Between SMEs and Startups
Local Meeting Held with Participation of Korean Startups

Lee Young, Minister of the Ministry of SMEs and Startups, met with Nguyen Chi Dung, Minister of Planning and Investment of Vietnam, in Hanoi, Vietnam on the 23rd. The two countries discussed ways to strengthen exchanges between SMEs and startups.

[Image source=Yonhap News]

During the meeting, they discussed ways to support the mutual entry of outstanding startups and talents from both countries. They also discussed cooperation measures to ensure that the 'K-Startup Center (KSC) Hanoi,' scheduled to open in September, can serve as a base for promising domestic startups to enter the Vietnamese market.

The Ministry of SMEs and Startups also held a roundtable to understand the current status of the Vietnamese startup ecosystem and to prepare local entry strategies. Attendees included Korean startups that have entered Vietnam and local investment institutions such as venture capitalists (VCs). Korean startups such as 'OKC' (a motorcycle brokerage platform) and 'Shark Market' (which provides rapid delivery of fresh food), as well as Korean VCs and accelerators like Lotte Ventures that have entered Vietnam, participated.

Minister Lee said, "Vietnam is a major trading partner for our SMEs and a country with a strong enthusiasm for starting businesses in Korea. We will continue to strive to promote active exchanges and cooperation in the fields of SMEs and startups."

This content was produced with the assistance of AI translation services.