Korea Institute of Science and Technology (KIST) and Korea International Cooperation Agency (KOICA) will cooperate with the Ministry of Science and Technology of Vietnam Tuesday to establish Vietnam-Korea Institute of Science and Technology in Hanoi.

At the inaugural briefing Tuesday, more than 200 officials from both countries attended, including Deputy Prime Minister of Vietnam Vu Duc Dam, Vietnamese Minister of Science and Technology Chu Ngoc Anh, Korean Ambassador to Vietnam Lee Hyeok이혁, and Lim Tae-hoon임태훈, vice chief of KIST.

During the ceremony, the participants officially announced the launch of the project and signed a memorandum of understanding for cooperation between KIST and VKIST. Also attending the event were the executives of the science and technology sectors who discussed how to develop Vietnam’s IT and BT sectors.

KIST will support the establishment of VKIST as a catalyst for national growth, based on know-how accumulated over the past 50 years by creating 16 research institutes in Korea, leading national science and technology, and playing a central role in economic development.

In particular, KIST will invite researchers of VKIST to train them and strengthen their capacity through joint researches.

"I was able to confirm the enthusiasm of the Vietnamese government to learn KIST through this briefing,” Lim said. "In the future, KIST will support VKIST to lead Vietnam's advanced science and technology as a leading research institute based on its accumulated science and technology capacity and international cooperation network over the past 50 years.”

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