Korea Institute of Science and Technology (KIST) (Source: http://eng.kist.re.kr)
As a previous agreement between the Government of Vietnam and the Government of South Korea, the Ministry of Science and Technology of Vietnam (MOST) and Korea Institute of Science and Technology (KIST) organized the third workshop on establishing Vietnam – Korea Institute of Science and Technology (V-KIST) on Mar. 20, 2014. Since the end of 2012, there has been step-by-step planning of the V-KIST project. The comprehensive plan has been completed by MOST and KIST.V-KIST would be the place for Vietnam and South Korea to conduct more cooperation in the field of science and technology. Two main areas of focus in the V-KIST are mechatronics technology and biotechnology in medicine andagriculture.
V-KIST will occupy approximately 200,000 square meters of continuous space in the Hoa Lac Hi-Tech Park with a total budget of 70 million USD, in which South Korea will contribute 35 million USD for infrastructure construction, equipment, consultancy, and training. The whole process of building V-KIST will consist of 3 stages. Stage 1 will be divided into two steps: firstly, establishing the infrastructure and basic research facility (2014-2017); secondly, building additional facilities serving for industries (2016-2020). V-KIST will be continued to expand and develop in stage 2 (2017-2020) before finishing in stage 3 (2034).
Vietnam – Korea Institute of Science and Technology (V-KIST) (Source: http://www.vista.vn)
According to South Korean experts, V-KIST will offer lavish remuneration and deserved respect for Vietnamese scientists, especially oversea experts having proficient experiences at outstanding institutes or universities in developed countries. As the manner of KIST, scientists working at this institute would have wage level 3 times higher than a normal professor working at National University. Besides, South Korea also will promote a reputable Korean scientist as a co-president for administrating operation of V-KIST.
Khue Nguyen (summarized from tiasang.com.vn, vista.vn)