Samsung Electronics Co., Ltd. and MobiFone Global signed an agreement to boost engineering and commercial cooperation on 4G and 5G networks in Vietnam on March 22 in Hanoi in front of about 100 ICT businesses from Korea and Vietnam.

The signing between MobiFone and Samsung

The event was held by the Vietnam Internet Association (VIA) in collaboration with the Korea National Information Technology Promotion Agency (NIPA). Three other agreements, including a memorandom of cooperation between Mobifone and Korean Tripath on location-based advertisment, a cooperation agreement for a consolidated wireline services between Korean Supernet Company and Newtaco Company, and an agreement on digital conversion solutions between Vietnamese FSI Company and JC1 Company from Korea, were signed.

A representative of Samsung considers 5G network the next big thing that Samsung is launching in many parts of the world with the increasing momentum of the Internet of Things (IoT). He said such a network is also a must for Vietnam as more and more hi-tech tools are applied.

Delivering keynote speeches, both Deputy Minister of Information and Telecommunications Do Minh Hong and Yoo Yong Min, Korean Minister of Science and Information, Communications and Technology, appreciated the joint efforts in building and developing a stronger relationship between the two countries through research and cooperation in the field of IT.

The leaders think Vietnam and Korea should co-operate to confront the 4.0 Industry, confirming that they will sign a memorandum of cooperation between the ministries on March 23 at the Presidential Palace in Hanoi, following Korean President Moon Jae-in’s second official working visit to Vietnam on March 22.

Deuk Jung Kim, vice president at NIPA, told the event that there is huge potential for ICT cooperation between the two sides, citing impressive numbers, like two million Korean visitors arriving to Vietnam, and a 120-time increase in trade volume since 1992 to $60 billion in 2017.

Kim said due to its outstanding human resources in the IT sector, Vietnam has a bright future in the field, adding that the Southeast Asian country was an important partner to Korea.

As a member of the Korean President’s delegation, Kim said Vietnam is the only country that his president has visited twice since he took office last year.

VIR