On March 4, Vingroup officially debuted VinTech Korea in the City of Daegu, Korea, to research applied IoT technologies, artificial intelligence, robotics, smart manufacturing plants and to develop products and solutions for vehicles and transportation.

This is also one of the facilities for technology transfer, quality accreditation and attraction of high-quality human resources, meeting Vingroup’s diversified business activities in the future.

Located in Daegu, a city famous for its electronics industry, VinTech Korea (VKR) is a part of VinTech Technology Development JSC with an investment of US$11 million.

As per Vo Quang Hue, deputy CEO of Vingroup, they chose Korea because its ‘creative index’ is among the leading on the list, coupled with its experience in research and development.

“We expect that investment and cooperation in Korea will help build and develop resources for high-quality technology research and development activities, with a view to making Vingroup a technology conglomerate with the ability to compete internationally,” Hue said.

The main research areas of VinTech Korea are industrial robots, monitoring and control, LCDs and battery technology.

In the first phase, VKR will research, develop and design electronic controller units for cars (VCU) and battery control systems (BMS), among others.

In the future, VKR aims to excel in manufacturing electrical-electronic car components, industrial robots, LCDs for automotive products, phones and other household electronics.

Besides research and production functions, VKR will check the quality of VinTech products through seven National Quality Control Centers in Korea. Particularly, VKR will also attract experienced engineers and employees for VinTech as well as for other branches of Vingroup.

A memorandum of understanding was also signed between VinTech Technology Development JSC, VinFast Production and Trading Co. Ltd., Daegu Municipal Government, Daegu-Gyeongbuk Free Economic Zone Authority and AJINEXTEK.

Accordingly, VinFast will cooperate with Daegu City and Daegu-Gyeongbuk Free Economic Zone Authority to provide information and support in logistical and administrative work.

VinTech will contribute to the establishment of the Asian Regional Research and Development Center with local partners in Daegu.

Another memorandum of understanding was already inked between VinTech Technology Development JSC and the Province of Gyeongsangbuk, where Deagu is located, on the basis of mutual trust to work toward regional economic development and business promotion

It is expected that after Korea, Vingroup will continue to expand VinTech Research Network in countries with strengths in technology and innovation, such as the U.S., Japan, Israel, China, and Russia.

These countries are home to many technology startups, experts, and industry-leading research groups, where the most sophisticated laboratories and testing centers are housed.

With the global VinTech network, Vingroup will have access to the most advanced technologies, high-quality human resources and the latest technology trends to meet its ever-growing development needs.

Previously, in July 2018, VinFast Production and Trading Co. Ltd., a member of Vingroup, opened an office in Frankfurt, Germany.

It is taking the final steps to open new offices in Shanghai, China, and Seoul, Korea.

Vingroup is one of the largest private enterprises in Vietnam and is among the businesses that have the most positive impact on national socio-economic development.

The conglomerate operates in such core-business areas as real estate, hospitality and entertainment, retail, health, education, agriculture, industry and technology, football talent development investment, VCCA Contemporary Art Center and VinTaTa Animation Studio.