Vietnam needs to have protective policies to encourage companies of the Republic of Korea (RoK) to voluntarily transfer technology to Vietnamese partners through their projects in the Southeast Asian nation, according to a scholar from the Korea Institute for International Economic Policy (KIEP).

A Vietnamese scholar in the Netherlands suggested Vietnam shift to venture investment abroad rather than relying on developing the intellectual-based economy at home during a seminar held in Geneva.

Vietnam strives to be one of the world’s biggest exporters on the back of signed free trade agreements.