Provided by the Ministry of Science and ICT
A research institute modeled after the Korea Institute of Science and Technology (KIST), which was founded in 1966 and led Korea’s economic development and industrialization, opened in Vietnam.
The Ministry of Science and ICT announced on the 17th (local time) that it is holding a completion ceremony for the Korea-Vietnam Institute of Science and Technology (VKIST) at the Hoa Lac Hi-Tech Park in Hanoi, Vietnam.
VKIST is the largest R&D research institute ever in Vietnam, where Korea and Vietnam invested $35 million (about 43.3 billion won) each, and a total of $70 million (about 86.7 billion won) between 2014 and 2023. It includes facilities such as three research buildings, one main building, a central machinery building, and a wastewater treatment plant on a site of 70,000 pyeong. More than 300 state-of-the-art research equipment, experimental equipment, and electronic equipment were also built.
The establishment of VKIST was promoted to share the KIST model with Vietnam. They conduct joint research such as developing electric vehicle motors, bird flu diagnostic sensors, and baby face recognition technology. Research into the production of a composition for skin whitening using fruit extract from ‘Gwak’, a specialty fruit from Vietnam, is in the process of applying for a patent in Vietnam. They also plan to collaborate in research in the fields of the environment, digital, and the 4th industrial revolution.
The ceremony was attended by Speaker of the National Assembly Kim Jin-pyo, Speaker of the National Assembly of Vietnam Vuong Dinh Hue, Ambassador of Vietnam to Vietnam Oh Young-joo, 1st Vice Minister of Science and ICT Oh Tae-seok, Director of the Korea International Cooperation Agency (KOICA) Lee Yoon-young, KIST President Yoon Seok-jin, Vietnamese Minister of Science and Technology Huing Thanh Dat, and Vice Minister Bui Te Duy About 150 people attended, including the president of VKIST.
