Hwapyeong Lee & Hyunsu Kim
Handong Global University
Abstract
This project aims to joint growth between Korea and Vietnam through the smart factory in Vietnam and the establishment of a new renewable energy production plant in Vietnam, and the effectiveness of the above strategies was analyzed based on the KOICA and the Ministry of Strategy and Finance. Vietnam’s industry has high investment value and infinite development potential, but at the same time, it has not been able to solve the risks of environmental pollution and economic loss caused by the carbon border adjustment system.
This project looked at the practical feasibility of the project, with the aim of converting existing factories in Vietnam into smart factories and establishing new and renewable energy production plants such as green hydrogen in Vietnam to provide a way to solve the problems of the Vietnamese industry. The project is expected to help the Vietnamese factories overcome external pressure and continue to grow by reducing carbon emissions. It is also expected that Korea will be able to increase the effect of mutual growth through the expansion of economic cooperation.
Keywords: Vietnam Industry, Smart Factory, Green Hydrogen, Public Development Assistance, Sustainable Development