The Ministry of Land, Infrastructure and Transport of the Republic of Korea announced that it will hold a seminar on policy knowhow transfers for ten middle ranking officials from Vietnam's construction ministry. Set to be staged for three days starting from the 18th, the seminar will provide in-depth knowledge on Korea's construction policy and its background.

This seminar was first suggested by the Vietnam side as a way to train its officials on Korea's construction policies. Vietnam, as one of the fastest growing economies in Southeast Asia, is set to become a major market for Korean construction companies in the near future, and this seminar and an array of follow-up actions that will be taken to keep this cooperation between the two countries will surely contribute to strengthening their bilateral relations, in turn giving an important boost to Korean companies that are eying the ever growing Vietnamese construction market.

As an effort to provide the utmost training opportunities to the Vietnamese officials, MOLIT has arranged lectures from Korea's top construction policy experts, including those who are from the Korea Research Institute for Human Settlement, a sub-entity of MOLIT and an institute boasting of Korea's best and brightest in terms of its construction and land development fields.

The seminar will also include some on-site tour programs for the participants by visiting such sites as the Incheon International Airport, as an important way to see for themselves the excellence of Korea's construction policy and infrastructure.

Korea's cooperation with Vietnam in the fields of construction and land development dates back quite a long time to the year 2007 when the relevant ministries of the two countries signed a memorandum of understanding on human resources training and knowledge transfers in construction and land policy areas.

MOLIT vows that this seminar will serve as a foundation on which further market expansion of Korean companies in Vietnam will become accelerated as well as providing win-win outcomes for the further development of the Vietnamese construction industry as a whole.