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Dinh Vu

Economic Sector

Last updated: Friday, June 22, 2018


Sharing Korea’s Electronics Industry Development Experience

Posted: Monday, April 10, 2017

Following the success of Korea’s Knowledge Sharing Programme (KSP) with Vietnam in previous years, the Korea Development Institute (KDI) cooperated with the Development Strategy Institute under the Vietnamese Ministry of Planning and Investment to successfully coordinate the KSP Programme 2017 for Vietnam with the theme of “Raising efficiency from inside."

This information was revealed by Dr Bui Tat Thang, Director of the Development Strategy Institute at the seminar on announcement of the final report of KSP Programme 2016-2017 in Hanoi.

He said the KSP covers three research topics: Lessons for Vietnam from South Korea’s policy experience in forming and developing support industries - the case of electronics industry support complex in Hanoi; criteria and models for privatisation of public services and support for Vietnam to identify criteria of classifying public services for privatisation plan in 2016 - 2020; and building an effective assessment system for public servants in Hanoi.

Professor Sung Keuk-je from South Korea-based Kyunghee University said that, in the supporting industry development strategy, the electronics industry always has an important position. At present, Vietnamese companies have been involved in most of production and assembly stages, product intermediation and product finalisation. However, this key industry has just started in very early stages in electronics value chains. And, more importantly, Vietnam is relying too much on FDI enterprises.
South Korean experts proposed solutions to building national brands, expanding cooperation with foreign-invested companies, buying foreign technologies, easing conditions to access credit and developing the material industry. An important suggestion is groundbreaking decisions of the highest leader because these decisions come to no avail without a strong, reliable leadership commitment.

Professor Sung Keuk-je said, the Government of Vietnam is expressing its strong determination to reform public services by issuing legal documents on the privatisation of public service delivery units. This is a right and essential policy because the outcome of these public services is very low, especially when private enterprises have seen rapid growth in the past 20 years. This sector also contacts a lot with public services.

Anh Phuong

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