The Vietnam Eco-Friendly Product Manufacturing Association (EPMA) and the Korea-Vietnam Economic and Cultural Association (KOVECA) signed a memorandum of understanding to enhance cooperation in the green economy during the Korea-Vietnam Business Forum.
The signing took place as part of the official schedule of the economic delegation at the forum held in Hanoi, Vietnam. The event was attended by Minister of Trade, Industry and Energy Kim Jeong-kwan and Minister of Finance Nguyen Van Thanh.
Through this agreement, the two organizations have identified key cooperation areas including the green economy, smart agriculture, eco-friendly industries, and net-zero transitions. They plan to establish a phased cooperation roadmap from 2026 to 2030.
Attendees at the signing ceremony included KOVECA President Kwon Seong-taek, Advisor Park Jong-nam, Vice President Lee Jong-hyun, and Ambassador Dinh Thi Tai My, along with EPMA Vice President Bu Minh Li, Secretary Bu Thi Van Hoa, and Deputy Director Nguyen Thi Trang of the Green Production Technology Research and Development Center (GREEN TECH).
Kwon Seong-taek, President of KOVECA, stated, "This agreement marks a practical starting point for both Korea and Vietnam to move toward a shared future in the green economy. KOVECA will leverage Korea's technology, investment, and networks to create a sustainable industrial cooperation model combined with Vietnam's growth potential."
Bu Minh Li, Vice President of EPMA, noted, "Vietnam is currently pursuing the transition to a green economy and achieving net-zero as a national strategy. Through this collaboration, we aim to implement concrete projects in the eco-friendly product industry, smart agriculture, and circular economy, enhancing the competitiveness of Vietnam's industry through international cooperation."
KOVECA, established in 2014, is a non-profit organization that serves as a private cooperation platform connecting economic, cultural, educational, and industrial collaborations between Korea and Vietnam. It has facilitated investment attraction, technology cooperation, and official development assistance (ODA) projects by linking governments, local authorities, businesses, and research institutions.
EPMA is a non-profit social and professional organization that connects companies and institutions related to Vietnam's eco-friendly product industry. It is an officially recognized entity approved by the Ministry of Home Affairs, providing policy advice, industrial support, and international cooperation. Its subsidiary, GREEN TECH, is responsible for technical implementation tasks such as energy diagnostics, carbon emission measurement, eco-friendly certification, and carbon credits.
This collaboration is significant as it aims for action-oriented cooperation beyond mere exchanges. The two organizations plan to gradually advance technology transfer and joint projects in smart agriculture, circular economy, eco-friendly production, and carbon neutrality.
Particularly, the collaboration will combine Korea's smart farm, smart factory, and new energy technologies with Vietnam's production base and market. The goal is to create specific industrial outcomes, such as adding value to agricultural by-products, producing eco-friendly materials, and establishing digital carbon management systems.
The two organizations expect that this cooperation will also help enhance the international market competitiveness of businesses in both countries amid the strengthening of ESG standards and the expansion of carbon regulations.
* This article has been translated by AI.
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