The Korea Software Industry Association (KOSA, Chairman Cho Joon-hee) announced that it will hold the “2022 Korea SaaS Day in Vietnam” event in Ho Chi Minh, Vietnam, for three days from October 31 to November 2 to support domestic software (SW) companies’ entry into Vietnam and develop export channels.

In commemoration of the 30th anniversary of diplomatic relations between Korea and Vietnam, about 80 domestic and foreign companies participated in the event to introduce promising SaaS solutions in Vietnam and cooperate between companies in the software sector.

In the first part of the event, which was held on the 31st, keynote speeches were held on the current status of the cloud and software markets between Korea and Vietnam, starting with the opening speech of KOSA Vice Chairman Kim Dong-chul and Cuong Nguyen, director of the Vietnamese Ministry of Science and Technology.

The keynote speech was delivered by “Naver Cloud,” which provides Vietnam’s local cloud infrastructure, and “Bespin Global,” which is working on a smart city project in Hanoi, Vietnam, under the theme of Vietnam’s latest cloud trends, smart cities, and the introduction of SaaS. Vietnam hosted “FPT,” the largest ICT company in Vietnam, and “TiKi,” an e-commerce company with a Vietnamese corporate value of more than 1 trillion won.

Naver Cloud has been cooperating with KOSA for ‘large and small global expansion projects’ since 2019. The event will be joined by a total of nine SaaS companies discovered through large and small businesses to explore opportunities to discover new businesses through offline networking with local Vietnamese companies.

In the second part of the event, business counseling sessions and investment counseling sessions were held between companies of the two countries. It conducted in-depth business consultations with Vietnam’s largest SI company “FPT,” Vietnam’s construction conglomerate “Coteccons,” which conducts smart city projects, and Vespin Global Vietnam Corporation. It also held consultations with Do Ventures, Altara Ventures, and Stic Investment, the largest investment companies operating in Vietnam and Singapore, on attracting local investments. Some of the companies with water resource-related solutions participated in the event participated in the eco-friendly export consultation provided by the KOTRA Trade Center.

Following local seminars and counseling sessions, he will visit major software companies and institutions in Vietnam the next day. The main scheduled destinations are “Bambu Up,” an IT trend research institute in Vietnam, “Buy Med,” an online B2B company for Vietnamese medicines, “TiKi,” Vietnam’s largest e-commerce company, and “DKI,” an SI and a cloud solution company.

The plan is to visit local companies in person to receive tips on the overall Vietnamese business, including technology introduction needs of local large companies, industrial changes of local IT startups, and development environment and software utilization status of local IT large companies.

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