14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM
Log in
Business

Vietnam, South Korea to promote development of high-tech fields

The new TMA Innovation Park is expected to become an innovation and technology center of Vietnam.

The Vietnam - Korea Businessmen & Investment Association (VKBIA), VKBIA Group JSC, and TMA Solutions on December 3 signed a Memorandum of Understanding on “coordinating promotion, attracting investment and business cooperation” with specific terms, including the launching of the Vietnam - Korea Training and Technology Transfer Center.

The signing ceremony on “coordinating promotion, attracting investment and business cooperation” is held on December 3.

Located in TMA Binh Dinh Innovation Park, Quy Nhon city, Binh Dinh province, the center employs over 200 engineers specializing in software and digital transformation, application and economy. 

Within the framework of the Memorandum of Understanding, the VKBIA and the TMA will continue to work to deploy new technologies and high-tech transformation projects, form research and development (R&D) centers for specific fields, and cooperate in the training of highly qualified human resources to operate new techniques and high-tech projects for the next stage, adapting them to modern production chains and global supply chains.

For high quality human resource training and education, VKBIA, VKBIA Group JSC and TMA Solutions together with Quy Nhon University (Binh Dinh) will carry out a highly skilled worker training program for skilled and knowledgeable workforce both in culture as in language. The move is to provide high-quality human resources for foreign invested manufacturing and support companies.

Currently, the TMA Binh Dinh Innovation Park has been home to dozens of high-tech projects for six countries, including the US, Australia, France, Japan, South Korea, and Singapore. About 3,000 engineers and software specialists across the country are expected to work for the center in Quy Nhon so as for the city to become one of the major centers of the country in software production, digital transformation, digital application, digital economy, and developing high-value products, Dr. Nguyen Huu Le, Chairman of TMA Solutions, said.

Mr. Ho Quoc Dung, Secretary of the Provincial Party Committee and Chairman of Binh Dinh Provincial People's Committee, hoped that the cooperation between VKBIA and TMA Solutions will yield practical results and contribute to the socio-economic development of Binh Dinh province in the future.

The TMA Innovation Park is expected to become and innovation and technology center of Vietnam for developing and transferring high technology, using the human and intellectual resources of Binh Dinh and Central Vietnam. “I also hope this will be a big boost to the province’s economy and support us in the process of international integration,” Mr. Dung said.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam on course to switch to biofuel nationwide from June 1

Vietnam on course to switch to biofuel nationwide from June 1

The nationwide shift to biofuel gasoline marks a major step toward a cleaner and more sustainable fuel market.

Vietnam coffee exports stay resilient amid oversupply risks

Vietnam coffee exports stay resilient amid oversupply risks

Vietnam’s coffee industry enters 2026 with strong revenue expectations, but shifting global supply conditions and tighter sustainability rules are forcing exporters to adjust strategies and strengthen long-term resilience.

Hanoi, FPT break ground on digital technology park to drive innovation-led growth

Hanoi, FPT break ground on digital technology park to drive innovation-led growth

Hanoi has moved to accelerate its transition toward a knowledge-based economy by launching a large digital technology park designed to support innovation, attract talent and promote sustainable development.

Profitable Japanese firms in Vietnam hit record high since 2009

Profitable Japanese firms in Vietnam hit record high since 2009

Vietnam is designing competitive and forward-looking policies to help FDI enterprises operate smoothly and succeed in the country.

Online retail sales in Vietnam top US$16 billion

Online retail sales in Vietnam top US$16 billion

Vietnamese consumers purchased more than 3.6 billion products on Shopee, Lazada, Tiki and TikTok Shop in 2025, up more than 15% on year.

Dutch chip giant ASML eyes Vietnam expansion as semiconductor ambitions accelerate

Dutch chip giant ASML eyes Vietnam expansion as semiconductor ambitions accelerate

Vietnam’s plan to build a high-value semiconductor ecosystem is drawing attention from Dutch giant ASML, one of the world’s most critical chip equipment suppliers, signaling rising confidence in the country’s technology-led growth strategy.

Capital calls on enterprises to lead innovation push for double-digit growth

Capital calls on enterprises to lead innovation push for double-digit growth

Hanoi leaders are urging enterprises to accelerate innovation, digital transformation, and green growth as the capital targets GRDP growth of at least 11% in 2026, laying the foundation for sustained double-digit expansion through 2030.

Vietnam tipped as Asia’s growth champion in 2025: HSBC

Vietnam tipped as Asia’s growth champion in 2025: HSBC

For 2026, HSBC forecasts Vietnam’s GDP growth at 6.7%, supported by faster public investment and the resilience of exports.