The Korea Federation of Small and Medium Enterprises announced on October 15 that it has signed a memorandum of understanding with Dong Nai Province in Vietnam to enhance cooperation and economic development for small and medium enterprises (SMEs).
This agreement was established as part of the '2026 Meet Korea' event, aimed at expanding economic exchanges and cooperation between Korea and Vietnam, while supporting the market entry and competitiveness of SMEs from both countries.
Through this MOU, the two organizations will strengthen collaboration in areas such as:
- Exchange of information on market trends, policies, and legal matters
- Support for SMEs' market entry and business expansion
- Cooperation on innovation, technology transfer, and digital transformation.
The Korea Federation of Small and Medium Enterprises plans to build a cooperative network with Dong Nai Province and expand exchanges with local SMEs and related organizations to support Korean SMEs in entering the Vietnamese market and discovering local business opportunities.
In June, the federation hosted the '2026 Daejeon-Sejong Vietnam Business Partnership Matching Day' in Hanoi, which involved 14 SMEs from Daejeon and Sejong.
Cho Geun-sik, head of the ASEAN office at the Korea Federation of Small and Medium Enterprises, stated, “We will actively work to strengthen cooperation with new economic hubs and local governments, including Dong Nai Province, to ensure that our SMEs can grow steadily in the local market.”
* This article has been translated by AI.
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