World Trade Center Binh Duong New City (WTC BDNC) in Vietnam and COEX in Korea have entered into a strategic partnership to cooperate to host the smart factory and logistics automation exhibition and to execute manufacturing industry innovation programs in Vietnam.
Both parties signed a Memorandum of Understanding (MOU) on March 9 for this partnership at the "Smart Factory + Automation World 2023" event, Asia's representative smart factory and industrial automation fair, which is being held at COEX on the largest scale ever – 500 exhibitors, 2000 booths.
The MOU aims to promote collaboration to develop and expand related industry exchange programmes between Vietnam and Korea, including conferences, trade promotion events, and seminars. Furthermore, the two parties agreed to cooperate to open the "Automation World Vietnam" at the WTC Binh Duong New City Expo (WTC Expo) in September next year.
The signing of this business agreement marks an important milestone in the development of the manufacturing industry in Vietnam. This collaboration will contribute to strengthening the technological capabilities of the Vietnamese manufacturing industry and enhancing its competitiveness in the global market. WTC BDNC reaffirms its commitment to working with international partners to drive innovation and foster growth in Vietnam's manufacturing industry.
Binh Duong Province, where WTC BDNC is located, is one of the Southern Key Economic Region (SKER) of Vietnam. The province has been attracting foreign investment, with over 4,000 FDI projects worth nearly US$40 billion to date. It also boasts the highest per-capita monthly income in Vietnam, making it an attractive location for businesses. With 30 large-scale industrial complexes already in operation, the province has an ideal industrial ecosystem to support the implementation of the MOU.
Ms.Huynh Dinh Thai Linh, CEO of WTC BDNC, said, "We are delighted to support the development of the Vietnamese manufacturing industry through this collaboration and this is an important step towards realizing our vision of building Binh Duong into an innovation and technology hub in the manufacturing industry.”
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