Mega Us Expo 2022 promotes Vietnam, RoK partnership in innovation, startup
The Vietnam-Republic of Korea (RoK) Trade Fair (Mega Us Expo 2022) kicked off in Ho Chi Minh City on September 21, with a number of memoranda of understanding (MoU) being signed between the two sides on cooperation in innovation and technology transfer.
At the opening ceremony of Mega Us Expo 2022 (Photo: VNA)
HCM City (VNA) – The Vietnam-Republic of Korea(RoK) Trade Fair (Mega Us Expo 2022) kicked off in Ho Chi Minh City onSeptember 21, with a number of memoranda of understanding (MoU) being signed between the two sides on cooperation in innovation and technologytransfer.
The deals include an MoU between the Saigon Innovation Hub(SIHUB) and startup support centres of seven RoK’s universities, as well asthose on biotechnology and high-tech agriculture.
Addressing the event, Nguyen Manh Cuong, Deputy DirectorGeneral, Department of Southern Affairs, Ministry of Science and Technology, said that the partnership will help promote technology transfer activities, thecommercialisation of research results, as well as promotion, investment andsupport activities for startups and businesses.
The signing ceremony of a MoU between HCM City high-tech agriculture park and Jeonbuk high-tech park (Photo: VNA)
Currently, Vietnam has nearly 4,000 startups, including fourunicorns with a total value of over 1 billion USD, and more than 10 firms valued at more than 100 million USD. Last year, angel investment for Vietnamese startups topped 1.3 billion USD.
Cuong added that the RoK had largest number of investment dealsto Vietnamese startups.
The two-day event gathers 120 Korean startupswho introduce 650 products in different areas such as cosmetics,pharmaceuticals, information technology, household appliances, food andfunctional foods. It creates a chance for the innovation community, startups andbusinesses of Vietnam, especially universities, to approach innovations fromtheir Korean counterparts.
Vietnam and the RoK set up their diplomatic relations in1992. Over the past 30 years, trade between the two countries has increased 160 folds from 500 million USD to 80.7 billion USD in 2021. Both sides are workingtogether for the goal of 100 billion USD in two-way trade by 2023 and 150billion USD by 2030./.
Many Korean enterprises want to learn about investment in Hanoi and look for support from the authorities, said Ambassador of the Republic of Korea to (RoK) Vietnam Park Noh Wan at his meeting with Chairman of the municipal People’s Committee Tran Sy Thanh on September 6.
A lantern festival, to take place in Hanoi from September 9-11, will start a series of cultural activities marking the 30th anniversary of the diplomatic ties between Vietnam and the Republic of Korea (RoK).
Visitors from the Republic of Korea (RoK) make up the largest proportion among the top 10 tourism markets to Vietnam, according to the Vietnam National Administration of Tourism under the Ministry of Culture, Sports and Tourism.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the opening ceremony of Mega Us Expo 2022 (Photo: VNA) 
The signing ceremony of a MoU between HCM City high-tech agriculture park and Jeonbuk high-tech park (Photo: VNA) 
