HA NOI — Increased investment from the Vietnamese Government and companies would be a breakthrough in the development of the country's promising industrial design sector, said the Korea Institute of Design Promotion (KIDP) chairman Kim Hyuntae at a conference yesterday in Ha Noi.
From 2005 to 2009, the South Korean Government invested an average of over US$30 million in this sector, which created over 50,000 jobs.
These figures suggest that industrial design had proven to be a crucial space in the current economy, Kim noted.
He called on Viet Nam to establish an office that would oversee the development of growth strategies for this sector.
Broadening this space could also create a channel for the country to receive new technologies. Korean firms at the conference agreed that industrial designs proved more significant as market competition increased. "Stellar designs can enhance company recognition and reputation by consumers," said Yong-il An, director of Samsung's Design Research and Planning Centre.
A memorandum of understanding (MoU) was reached yesterday between the KIDP and the Ministry of Industry and Trade's Trade Promotion Agency that will facilitate the exchange of relevant policies as well as the latest information concerning the sector, including seminars and international fairs focused on design. The document also has the potential to foster co-operation between these two business communities. — VNS
