COO Builder, which supports startups of the Republic of Korea (RoK) to operate in Viet Nam, has opened a startup centre in HCM City, reported the RoK’s Aju business daily.

Employees of the centre, with experience and great understanding in investment, startup and supporting startups, can speak Vietnamese, English, Chinese and Korean.

The centre will provide company building services required by the RoK side like recruitment of local workers, visa and housing issues.

Joo-Hong Lee, a co-founder of Coo Builder, said that it had exerted efforts to provide other supplementary services with the hope that RoK startups would contribute to the development of Viet Nam’s startup ecosystem.

Coo Builder is to expand its operation to other Vietnamese cities in the first half of 2022.

Viet Nam’s startup ecosystem is highly regarded in Southeast Asia, however, infrastructure shortages have been a spanner in their development. — VNS