Da Nang-based Songhan Incubator has already signed to join the Viet Nam - Korea startup alliance with the K-Startup Center.

Illustrative image. (Photo: Songhan Incubator)

This is a business consultation platform between the two countries to support and promote the activities of South Korean business organisations entering the Vietnamese market.

Also, it promotes the ecosystem through investment seminars, consulting, exhibitions, and connecting with customers to enhance and develop mutual capabilities.

The alliance has 9 key agencies and organizations in the startup network, namely the Department of Market Development and Enterprises of Science and Technology NATEC, K-Startup Centre, National Startup Advisory Council, the Ha Noi Innovation & Startup Association (HANISA), the Business Startup Support Centre (BSSC), the Songhan Incubator and venture capital funds ThinkZone Ventures, Touchstone Partners and LOTTE Ventures Viet Nam.

Reporting by V.A - Translating by A.THU