The Korea Startup Forum (Chairman Sang-Woo Han, hereinafter referred to as KOSPO) announced on the 1st that it signed a memorandum of understanding (MOU) with the Danang Innovation Startup Support Center (DISC) in Vietnam to promote the development of the startup ecosystem and revitalize exchanges between the two countries.
The signing ceremony was held in Da Nang, Vietnam on July 30th, and was attended by Chairman Han Sang-woo of KOSPO and Director Nguyen Viet Toan of DISSC, who signed the agreement on behalf of both organizations.
Through this agreement, both parties will strengthen the international cooperation system between Korean and Vietnamese startups and jointly strive to promote the growth and global expansion of startups from both countries.
Key elements of the agreement include: jointly promoting capacity-building programs for innovative entities such as startups, aspiring entrepreneurs, universities, and research institutes; providing educational and training opportunities for entry into the Vietnamese market; supporting business collaboration and joint investment; and promoting exchanges through global startup events (such as COMEUP). Furthermore, both sides plan to continue policy cooperation to foster mutual market access by exchanging policy information and sharing regulatory improvement practices between startups in both countries.
As Korea's largest startup organization, KOSPO will leverage its domestic and international networks to support Korean startups' expansion into Southeast Asia, while DISSC plans to strengthen the global capabilities of local Vietnamese startups, centered in Da Nang.
Han Sang-woo, Chairman of KOSPO, said, “Da Nang, Vietnam is attracting attention as a fast-growing innovation hub in Southeast Asia,” and added, “This agreement will serve as a foundation for Korean and Vietnamese startups to more easily access the market and expand mutual investment and collaboration.”
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