South Korea and Vietnam agreed to enhance cooperation in science and technology, the Ministry of Science and ICT said Friday.
The agreement was made between Science and ICT Minister Yoo Young-min and his Vietnamese counterpart Chu Ngoc Anh at a science and technology joint committee meeting in Hanoi on Thursday.
The two policymakers also discussed measures to increase cooperation in climate change and bio industry technologies.
They concurred on providing support for the construction of the Vietnam-Korea Institute of Science and Technology (V-KIST) whose groundbreaking ceremony was held with President Moon Jae-in in attendance.
V-KIST is a US$70 million research facility jointly funded and built by Vietnam and South Korea's Korea Institute of Science and Technology. Construction is set to be completed in 2020.
"We will faithfully implement the agreements made in the joint science and technology committee meeting, held at the Cabinet level for the first time, so we could produce cooperation in science and technology and mutual economic growth," Yoo said.
Yoo also attended an event at the National University of Civil Engineering in Hanoi earlier in the day to open WASAT, a water and sanitation technology research center funded by the ministry.