return icon

South Korean ICT firms to contribute to ‘Make in Vietnam’ strategy

South Korean ICT firms have been encouraged to invest in Da Nang as Vietnam is prioritizing investment in hi-tech and innovation projects with a focus on R&D.



The Ministry of Information and Communications (MIC) and Da Nang authorities on November 30 organized a forum on promoting South Korea investments in ICT in Da Nang.

South Korea is the biggest foreign investor in Vietnam with over 9,000 valid projects, capitalized at $71.5 billion in total. Of these, there are 500 projects in the ICT sector, including ones developed with the world’s leading technology groups such as Samsung, LG and KT.

South Korea is an important investment, trade and tourism partner in Da Nang. Before the Covid-19 outbreak, 19 air routes with the frequency of 214 flights a week connected South Korea and Da Nang. About 50 percent of foreign travelers to the city every year, 1.5 million, were from South Korea.

As of November 2021, South Korea was in the fifth position in terms of investment capital in Da Nang (230 projects, $378 million in investment).

The Republic of Korea’s Consul General in Da Nang Ahn Min-sik said that ICT is the sector that can connect Vietnamese and South Korean businesses. Da Nang and South Korea are closely cooperating to promote the investment of South Korean businesses in the sector.

In 2007, the Vietnam-Korea Friendship Information Technology College was established, which was later upgraded into a university (4-year training).

Tran Phuoc Son, Da Nang’s Vice Mayor, said Da Nang is leading the country in ICT with total ICT revenue of over $1.3 billon, and software export turnover of $90 million.

Da Nang considers South Korea as one of its most important partners, with powerful financial and technological capability. The city wants to receive more South Korean investment in the ICT sector.

“The municipal authorities have pledged to create favorable conditions for South Korean firms to come to learn about investment environment, design and implement projects,” Son said.

Deputy Minister of Information and Communications Phan Tam said Vietnam is perfecting the legal framework to pave the way for a breakthrough development in IT zones and hi-tech zones throughout the country, especially in Da Nang, which has emerged as a Southeast Asian Silicon Valley.

Vietnam now has 58,000 ICT firms and is striving to have 100,000 by 2025. It is the among the top 10 countries in electronics exports, the second in mobile phone exports and the ninth in software outsourcing. The country is following a strategy on switching from outsourcing and assembling to creating, designing and producing products in Vietnam under the “Make in Vietnam” program. 

Trong Dat

Da Nang attracts data centre project worth US$100 million

Da Nang attracts data centre project worth US$100 million

A cooperation agreement was signed on the investment of a data centre worth about 100 million USD in the central city of Da Nang, during a virtual ceremony held on November 23.

Korean firms pour US$2.43 billion into Vietnam in eight months

Korean firms pour US$2.43 billion into Vietnam in eight months

Businesses from the Republic of Korea (RoK) poured over 2.43 billion USD into Vietnam in the first eight months of 2021, ranking third in terms of total registered capital after Singapore and Japan.



15th National Assembly to commence third session on May 23


AMRO forecasts Vietnam’s strong recovery amidst external headwinds

Vietnam unveils national costume for Miss International Queen 2022

Vietnamese representative Phung Truong Tran Dai officially unveiled an outfit that she will wear during the National Costume Competition at the Miss International Queen 2022 pageant set to take place in June in Thailand.

Exploring the unspoiled beauty of Du Gia

The striking beauty, peaceful nature and fresh air of Du Gia Village in Ha Giang Province never ceases to enchant travelers.

Vietnamese stocks see world-leading growth

The surge of several leading stocks is deemed as a driving force for Vietnam's stock market achieving the world's strongest gains.

Lam Kinh ancient royal capital holds feudal mysteries

The special national relic site of the Lam Kinh ancient royal capital of the Later Le Dynasty in Thanh Hoa's Tho Xuan District harbours mysterious tales about one of the most significant Vietnamese feudal reigns.

Artist goes bananas with rustic artworks

Dried banana bark might sound useless to many, but by using his creativity and skill, artist Phan Van Dac in Quang Binh Province creates vivid landscapes and soulful portraits.

Vietnam Airlines posts VND2.6-trillion net loss in Q1

Vietnam Airlines reported a net loss of over VND2.6 trillion in the first quarter of 2022, sending the national flag carrier’s accumulated loss up to VND24.5 trillion, or over US$1 billion.

Developers clamour for legal clarity

Real estate leaders suggest that detailed regulations are needed to promote a healthy condotel, officetel, and resort villa sector in Vietnam.

Soaring petrol price impacting multitude of industries

A surge in the world’s oil price is benefiting oil and gas businesses, but causing difficulties for other producers and pressurising the government’s efforts to rein in inflation.

Preserving the Mekong Delta's floating markets

The Mekong Delta's famed floating markets, where speciality products are sold on boats, provide a unique environment thatnbsp;is popular amongnbsp;both local and foreign visitors.

Lifebuoys available on rivers to prevent drowing

Tens of red and white lifebuoys have recently been hung on Long Bien Bridge crossing the Red River, Hanoi by a group of volunteers in the hope of saving drowning victims.

Urgent action needed on primate protection

A report by ENV showed that only 30% of total poaching violations in Vietnam were discovered, while 70% were unknown, meaning that the number of the langurs hunted in the forest was unclear.

Dried-frog products bring good income for farmers in An Giang

The road to the “dried-frog village” in Vinh Trung commune in Tinh Bien district in An Giang province gets especially busy beginning at 3 pm, when men set out to catch tree frogs.


SEA Games 31: Vietnamese judo team see gold number tripling target