General Information Mar 23, 2018

Traphaco establishes relations with the Vietnam – South Korea Institute of Science and Technology (VKIST)

On the afternoon of March 22, 2018, the Ministry of Science and Technology and the Korea International Cooperation Agency (KOICA) broke ground on the Vietnam – South Korea Institute of Science and Technology in Hoa Lac Hi-Tech Park.

Attending the ceremony, on the Korean side, was President Moon Jae-in, Minister of Foreign Affairs Kang Kyung-wha, Minister of Science-Information Technology and Communications You Young Min and leaders of related agencies of Korea. On the Vietnamese side, Vice President Dang Thi Ngoc Thinh, Minister of Science and Technology Chu Ngoc Anh, and representatives of ministries, sectors and Hanoi People's Committee attended the ceremony.

At the ceremony, Traphaco exhibited its best products. Among those are two market-leading products in Vietnam: hepatogenous medicine (Boganic) and neural medicine (HHDN – Cebraton), which are manufactured at the most modern pharmaceutical factory in Vietnam.

Speaking at the ceremony, Vice-President Dang Thi Ngoc Thinh expressed her delight to be present at the venue where the VKIST will be standing in Hoa Lac High-Tech Park, which is expected to become the City of Science and Technology of Vietnam. Korean partners have been committed to building the VKIST since 2013; The ground breaking ceremony today marks a new stage of the project leaving behinds numerous difficulties. The Vice President believed that, with high resolutions from both Vietnam and South Korea, VKIST will soon become an industrial technology research institute serving the strategic and key industries of Vietnam.

Speaking at the ceremony, South Korean President Moon Jae In emphasized that the groundbreaking ceremony today was an important milestone in the effort to support the development of Vietnam's science and technology as well as the close relationship between the two countries in all sectors and fields. The strengthening of cooperation to promote Vietnam's economic development through science and technology is a strong evidence to South Korea's new southward policy towards common prosperity.

Previously, on November 21, 2017, Traphaco Joint Stock Company signed a memorandum with the Vietnam-South Korea Institute of Science and Technology, laying the foundation for future cooperation, under which the two units will collaborate in the development of biotechnology, training and commercialization.

The Vietnam-South Korea Institute of Science and Technology is established under Decree No. 50 of the Government on May 18, 2015 and based on the successful model of KIST – the leading institute of applied sciences of Korea. The Institute will specialize in three main fields: material technology, biotechnology for agriculture and medicine, and information technology for the digital industry.