Ministry of SMEs and Startups Holds Conference to Support Vietnamese Market Entry for Small and Venture Businesses

1st 'Beyond Korea' Country Vietnam Selected
Shinhan Bank, Embassy of Vietnam in Korea and 12 Other Organizations Participate

On the 22nd, the Ministry of SMEs and Startups held the 'Public-Private Joint SME and Venture Business Global Expansion Support Conference (Vietnam)' in collaboration with Shinhan Bank at the Korea Chamber of Commerce and Industry.

This event was the first jointly organized by the public and private sectors to support the overseas expansion of SMEs and venture businesses. Vietnam, a country with high demand for SME overseas expansion, was selected as the theme country for the first conference.

Public institutions supporting overseas expansion such as the Small and Medium Business Corporation and KOTRA, along with private organizations including law and accounting firms and Shinhan Bank, participated. Based on each institution’s expertise, briefings were held providing information on the local Vietnamese market and economic trends, as well as legal, accounting, financial, and investment matters related to entering Vietnam. One-on-one consultations were also conducted through booths organized by each institution.

Notably, the Embassy of Vietnam in Korea participated to provide information on the Vietnamese government’s support for companies entering Vietnam. The Consulate General in Ho Chi Minh City also explained the support provided to SMEs and venture businesses by overseas diplomatic missions and the upcoming operation of the ‘Ho Chi Minh Consulate SME and Venture Business Support Council.’

Minister Oh Young-joo stated, “Vietnam is our third largest export destination for SMEs, accounting for about 9.4% of SME export value, making it a key market.” He added, “The Ministry of SMEs and Startups will do its best to regularly hold public-private joint global expansion support conferences like today’s event to integrate scattered support functions across various institutions and enhance the effectiveness of policies.”

Shinhan Bank President Jeong Sang-hyuk, co-host of the event, said, “This event is significant in that the public and private sectors have joined forces to provide all the necessary information for companies’ overseas expansion in one place.” He added, “I hope the companies participating today gain a lot of useful information through in-depth consultations.”

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