The Ministry of Oceans and Fisheries announced on November 9 that it will co-host the '2026 Korea-Vietnam Marine Plant Service Industry Export Consultation and Market Briefing' in Ho Chi Minh City from November 10 to 11.
Vietnam is pursuing a large-scale energy transition policy, and as existing marine plants age, the demand for maintenance, decommissioning, and recycling is increasing, making it a promising market for marine plant services. In response, the ministry held its first event last year to support domestic companies entering the Vietnamese market and began pilot operations of the 'Korea-Vietnam Marine Plant Service Industry Cooperation Center' in Hanoi in August.
This year's event, now in its second iteration, is expected to attract around 150 participants, including representatives from the Hanoi Cooperation Center, the National Korea Maritime University, the Vietnam Petroleum Institute, approximately 28 domestic marine plant service companies, and over 50 Vietnamese energy-related firms.
On the first day, November 10, an export consultation will facilitate one-on-one in-depth discussions between domestic companies and Vietnamese clients. Professional interpreters will be stationed at each consultation table to enhance communication outcomes.
The second day, November 11, will feature a 'Marine Plant Service Industry Market Briefing' at the Vietnam Petroleum Institute, sharing insights on the current state of the Vietnamese energy market and related policy trends. The session will also discuss cooperation strategies in the marine plant service sector between Korea and Vietnam, showcasing domestic companies' bidding experiences and advanced technologies to explore concrete collaboration opportunities.
Seo Jeong-ho, Director of the Marine Policy Office at the Ministry of Oceans and Fisheries, stated, 'Vietnam is a market with high growth potential due to the increasing demand for decommissioning and retrofitting aging marine plants. We will push for follow-up consulting to ensure the outcomes of this event lead to actual contracts and will continue to actively support domestic companies' entry into the Vietnamese market through the local cooperation center.'
* This article has been translated by AI.
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