On November 19, during Vietnam International Digital Week 2024, Minister of Information and Communications Nguyen Manh Hung met with Hur Sung Wook, Chairman of South Korea’s National IT Industry Promotion Agency (NIPA), to discuss collaboration in the digital and ICT sectors.
Minister Nguyen Manh Hung meets NIPA Chairman Hur Sung Wook to discuss ICT cooperation. Photo: Le Anh Dung
Minister Nguyen Manh Hung emphasized that no nation can develop digital technology independently. He shared Vietnam’s ongoing efforts to draft its first law on the digital technology industry, underscoring its importance in the digital age.
The Minister encouraged NIPA to expand its activities in Vietnam, fostering collaboration in the ICT sector. He highlighted the “+1” model of development, using the semiconductor industry as an example. The formula involves diversifying operations by establishing an additional production or R&D facility in foreign markets, such as Vietnam.
“Currently, over 30 Vietnamese digital technology companies are exploring opportunities to expand into South Korea. Together, we can promote the ‘+1’ policy for mutual growth,” Minister Hung stated.
NIPA Chairman Hur Sung Wook drew parallels between Vietnam’s current ICT development phase and South Korea’s journey 30 years ago. He noted that clear, actionable policies play a pivotal role in fostering business confidence and driving industry growth.
“No country can achieve digital development alone. Governments must create trust through supportive policies,” Wook remarked.
At Digital Week 2024, NIPA facilitated connections for 34 South Korean startups, including semiconductor and AI firms, seeking opportunities in Vietnam. Wook highlighted Vietnam’s stability and potential as an attractive “+1” destination for South Korean companies, particularly amid global uncertainties such as the return of Donald Trump as U.S. President in 2024.
The discussion also touched on human resource development. NIPA’s “IT School” program trains Vietnamese final-year university students, offering seven-month internships at South Korean technology companies. Approximately 80% of participants secure jobs at Korean firms in Vietnam after graduation.
Wook also addressed challenges posed by emerging technologies, such as AI-powered surveillance cameras, which improve security but raise privacy concerns. He acknowledged that South Korea continues to navigate these conflicts by adjusting regulations on a case-by-case basis.
