The MoU signing between WTC BDNC and COEX, witnessed by the chairman of Becamex IDC, the Binh Duong Department of Foreign Affairs, and representatives of COEX in South Korea

Along with this, the Vietnamese partner (WTC BDNC) and its Korean counterpart (COEX) entered into a strategic partnership to host the smart factory and logistics automation exhibition and to execute manufacturing industry innovation programmes in Vietnam.

Both parties signed an MoU 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 with a record 500 exhibitors and 2000 booths.

The MoU aims to promote collaboration to develop and expand relevant industry networking programmes between Vietnam and South Korea, featuring conferences, trade promotion events, and seminars. Furthermore, the two parties agreed to cooperate to open Automation World Vietnam at the WTC Binh Duong New City Expo in September next year.

Nguyen Van Hung, chairman of Becamex IDC, giving congratulatory remarks at the signing ceremony

The event marks an important milestone in the development of Vietnam’s manufacturing industry, contributing to strengthening its technological capabilities whist enhancing its competitiveness in the global market.

WTC BDNC reaffirms its commitment to working with international partners to drive innovation and foster growth in the nation.

The strategic cooperation agreement between WTC BDNC and COEX to organise Automation World Vietnam 2023

Binh Duong province, where WTC BDNC is located, is part of Vietnam’s Southern Key Economic Zone. The province has been one of Vietnam’s foreign investment hotspots, attracting more than 4,000 foreign-invested projects worth nearly $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.

Huynh Dinh Thai Linh, CEO of WTC BDNC said, "We are delighted to support the development of the Vietnamese manufacturing industry through this collaboration. This is an important step towards realising our vision of turning Binh Duong into an innovation and technology hub for Vietnam’s manufacturing industry."