Vingroup officially launched VinTech Korea Research in the City of Daegu, South Korea to research the application of IoT technologies, artificial intelligence, robotics, smart manufacturing plants as well as developing products and solutions for vehicles and transportation on Monday.

VinTech Korea Research (VRK) is the first of its kind to be opened in a foreign country. It will enable technology transfer, quality accreditation and attraction of high-quality human resources, meeting the diversified business activities of Vingroup in the future.

Located in Daegu – a city famous for its electronics industry, VKR, part of VinTech Technology Development JSC, has an investment of US$11 million.

Speaking at the inauguration ceremony, Deputy CEO of Vingroup Vo Quang Hue said Vingroup chose South Korea to open its first overseas office in the global VinTech Research Network because the country’s ‘creative index’ was among the best in the world with experience in research and development.

“We expect the investment and co-operation in South Korea will help build and develop resources for high-quality technology research, aiming to make 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, LCD and battery technology.

In the first phase, VKR will research and design vehicle control units (VCU) for cars and battery control systems (BMS). In the future, VKR aims to design electrical-electronic components for cars, 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 centres in South Korea. VKR will also attract experienced engineers and employees for VinTech as well as for other branches of Vingroup.

VinTech has signed a co-operation agreement with AJINEXTEK (AXT) – a South Korean company that owns more than 100 chipset patents in the field of robots and automation. The two sides are committed to supporting and creating the best environment to promote technology research and development.

During the opening ceremony, a memorandum of understanding (MoU) was signed between VinTech Technology Development JSC, VinFast Production and Trading Co., Ltd., Daegu Municipal Government, Daegu-Gyeongbuk Free Economic Zone Authority and AJINEXTEK.

Under the MoU, VinFast will co-operate with Daegu and the Daegu-Gyeongbuk Free Economic Zone Authority to provide information and support in logistical and administrative work. VinTech will also contribute to the establishment of an Asian Regional Research and Development Centre with local partners in Daegu. Meanwhile, AXT will launch a line of robots to promote the local economy and create jobs.

Another MoU was signed between VinTech Technology Development JSC and the Province of Gyeongsangbuk, where Deagu is situated, on the basis of mutual trust to promote regional economic development and business.

After South Korea, Vingroup plans to expand the network of VinTech Research in other countries such as the US, Japan, Israel, China and Russia, which are home to many technology start-ups, experts, industry-leading research groups with the most advanced laboratories and testing centres.

With the goal of building a 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.

In July 2018, VinFast Production and Trading Co. Ltd opened an office in Frankfurt, Germany, and is taking the final steps to open new offices in Shanghai, China and Seoul. With the presence of the first VinTech office in a foreign country, Vingroup continues to affirm its global vision and ability to deploy on a 10-year journey to become a world-class competitor in technology, industry and service.

Vingroup is the largest private enterprise in Viet Nam and has one of the most positive impacts on national socio-economic development. Vingroup operates in core business areas, including real estate, hospitality and entertainment, retail, health, education, agriculture, industry and technology. In addition, Vingroup also invests in areas of social development such as the Vietnam Football Talent Development Investment Fund, the VCCA Contemporary Art Center and the VinTaTa Animation Studio. — VNS