Speaking with Mr. Hur Sung Wook - Chairman of NIPA, Minister of Information and Communications Nguyen Manh Hung said that Vietnam is drafting a law on digital technology industry. This is one of the important laws in the digital era, and is also the first law built for the digital technology industry (ICT) in Vietnam.

The leaders of the Ministry of Information and Communications expressed their hope that NIPA will step up its activities in Vietnam in the coming time to promote the ICT industry of both sides.

Minister Nguyen Manh Hung emphasized the importance of diversity in the technology supply chain in the current context. For example, Vietnam has proposed a formula for developing the semiconductor sector: C=Set+1. However, the “plus one” factor is not only applicable to the semiconductor industry, but can also be extended to many other fields.

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Minister of Information and Communications Nguyen Manh Hung received NIPA Chairman Hur Sung Wook. Photo: Le Anh Dung

Specifically, NIPA can encourage domestic technology enterprises to expand and establish "one more" production facility or research and development (R&D) center abroad, considering Vietnam as a good choice and vice versa.

“Currently, Vietnam has more than 30 digital technology enterprises looking to expand their facilities in Korea. Therefore, the two sides can promote the ‘plus one’ policy together,” the Minister of Information and Communications affirmed.

According to NIPA, at the Vietnam International Digital Week 2024 event, the agency promoted 34 Korean startups, including many in the semiconductor and AI fields, to Vietnam to seek cooperation opportunities.

Mr. Hur Sung Wook shared that about 30 years ago, Korea was also on the path of building a legal corridor for ICT development like Vietnam is today. As a result, Korea has become one of the world's leading countries in the ICT industry. He hopes that Vietnam will also achieve similar progress, when regulations not only demonstrate will, but also serve as a fundamental driving force for businesses in the field to grow; affirming that "the role of the government is to create trust for businesses through specific policies".

The NIPA Chairman agreed that no country can develop digital technology alone. However, when choosing to expand investment and technological cooperation, businesses always base their decisions on safety and stability. Mr. Wook said he would convey information to Korean businesses about Vietnam's advantages in case they seek "plus one" production locations, especially in the context of Mr. Trump being elected US President in 2024 and possibly affecting the operations of Korean businesses.

Regarding cooperation in training digital human resources, the President of NIPA said that the agency is implementing the “IT School” program for final-year university students in Vietnam. Selected candidates will have the opportunity to intern at Korean technology companies for 7 months, before returning to Vietnam to graduate.

“About 80% of candidates after graduating from university are accepted to work at Korean companies in Vietnam,” said Mr. Wook.

The Korean representative also shared the difficulties in resolving “conflicts” caused by new technology, such as the application of AI cameras that can enhance security but conflict with personal privacy. Korea itself is also struggling with this problem and is applying regulatory amendments on a case-by-case basis to suit the situation.

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