Opportunity for Vietnamese businesses to strengthen ties with their Korean counterparts

DNHN - On September 15 in Hanoi, the 2023 Vietnam-Korea Business Meeting (B2B Meeting) programme was attended by a large number of pioneering Vietnamese and Korean businesses in a variety of fields.

The Vietnam Association of Small and Medium Enterprises (VINASME) coordinated with the Vietnam Association of Small and Medium Enterprises (VINASME) on September 15 to assist Vietnamese and Korean businesses in identifying opportunities to connect trade and investment to expand their markets. In 2023, the Vietnam - Korea Business Meeting Programme (B2B Meeting) will be organised by the Korea National Information Technology Industry Promotion (NIPA) and the Korea Institute of Technical Research and Promotion (INNOPOLIS).

A large number of pioneering Vietnamese and Korean companies in the following industries are participating in the programme: Software technology; IT solution company; network information security; medical (dental) equipment; home furnishings (high-end segment); Smart equipment combining health care and high-end spa; content industry for digital television; smart city solutions; AR, VR, XR virtual reality devices.

Opening the programme, Dr. To Hoai Nam - Permanent Vice President and General Secretary of VINASME said: "This event is very meaningful to the small and medium-sized business community in Vietnam and Korea. Small and medium-sized businesses are a crucial pillar. Approximately 40% of Vietnam's economic growth is contributed to the state budget. This region annually generates approximately one million new workers for the nation. Even though it is a small to medium-sized business, it is highly independent. Business sectors (such as state-owned enterprises or foreign enterprises) with the highest total investment capital in society are the most proud. Today, the Vietnam - Korea Business Meeting programme was organised by VINASME, NIPA, and INNOPOLIS to create opportunities for Vietnamese small and medium-sized enterprises to exchange ideas and collaborate with Korean businesses.

"We have selected B2B as the most effective method for organising the programme." Dr. To Hoai Nam remarked, "I hope that through today's exchange, businesses will achieve the greatest success, learn the most about each other, and achieve concrete results in agreements on economic cooperation and cooperation between businesses of the two countries."

Mr. Joowon Lee, the chief executive officer of SuperBean, a Korean company specialising in information and communication technology, stated: "At present, we have many projects involving the production of video images for advertising and business purposes... Coming to the Vietnam - Korea Business Meeting (B2B Meeting) programme today, I saw many positive signals from businesses in Vietnam. I am aware that Vietnamese businesses have an abundance of IT-related project development resources. In addition, we observe the interest of Vietnamese companies in Korean companies. It may be unrealistic to expect an immediate cooperation agreement at today's meeting, but I believe this is a positive sign that opens up many opportunities for business cooperation between Vietnam and Korea.

Mincheol Gwon, the Production Director of Grafizix, a company that creates educational animated films for young children, stated, "Our company has been in existence for ten years. When animated, our content will be combined with cutting-edge technology to generate visually engaging images for students. Mind-Blowing Breakthroughs and FrienZoo are our two main animated series. Today, we are ecstatic to meet numerous Vietnamese IT companies to discuss potential areas of collaboration. I hope that through this exchange, we will meet many future partners with whom we can collaborate. I hope more events like this will be held to promote the strategic cooperation between Korea and Vietnam."

Mr Nguyen Viet Dung - General Director of Vera Sunshine Pharmaceutical Company Limited, a company specialising in providing healthcare products for families, shared: "The exchange is within the framework of the Vietnamese Business Meeting Programme." – Today's Korea (B2B Meeting) can be viewed as an excellent opportunity for me and many Vietnamese businesses to network with foreign experts and learn from their insights and experiences. I am particularly impressed by the noise-cancelling headphones utilised in the dental field. As an oral and maxillofacial surgeon, I will also consider purchasing this product in the future.

Ms. Thien An, founder and chief executive officer of Thien Phuc Training & Consulting Company, stated, "I am honoured to be invited to this special programme today. I felt from the moment I entered that the event was a place for businesses to launch and for people to share and network. Especially when sitting face-to-face with Korean experts or Korean businessmen with many years of professional experience, they are eager to assist and share numerous helpful insights. This makes us believe that this location provides us with more business opportunities. I hope that in the future there will be many meeting programmes with partners from not only Korea but many other countries as well."

The B2B business model (abbreviation for Business to Business) refers to the form of commerce and exchange between businesses.

It can be said that business-to-business (B2B) is a significant form of commerce that plays a significant role in boosting the revenue and competitiveness of businesses. B2B is favoured by many businesses because business-to-business transactions and collaboration bring diverse benefits and increased efficiency. Businesses can also cooperate and together affirm their position in the market. market by way of outsourcing cooperation, investment cooperation, and collaboration.

This programme is viewed as a stepping stone for Vietnamese and Korean businesses to establish cooperative relationships and expand investment opportunities. Through the programme, VINASME affirms that it will accompany businesses from both Korea and Vietnam to this meeting, providing as much assistance as possible to create the most conducive environment for businesses from both countries to collaborate. Long-term partnership.

If Korean businesses require assistance from Vinasme, we are willing to collaborate. Dr. To Hoai Nam commented that he hoped to receive feedback from Korean businesses regarding the promotion of commercial business activities.

Bao Bao