TECHNOLOGY TRANSFER COOPERATION SIGNING CEREMONY BETWEEN UCT TECHNOLOGY CO., LTD AND PHU ANH CONSTRUCTION AND SERVICE TRADING CO., LTD

On the afternoon of July 18, 2023, Hai Phong City Department of Science and Technology held Signing Ceremony of Technology Transfer cooperation between Phu Anh Construction And Service Trading Co., Ltd and UCT Technology Co., Ltd – Korea.

This is the result of the Business trip to Korea organized by the Ministry of Science and Technology in the presence of Hai Phong Department of Science and Technology and Enterprises at the end of May 2023 to promote Technology Transfer activities with potential partners. Attending the Signing Ceremony were the Board of Directors of the Department of Science and Technology and representatives of 02 enterprises.

02 enterprises signed MOA under the witness of the Board of Directors of the Department of Science and Technology.

Accordingly, 02 enterprises signed a Memorandum of Agreement on investment cooperation in the manufacture and assembly in Vietnam of applied Battery Products researched and patented by UCT Technology Co., Ltd – Korea. After signing the MOA, the two enterprises are also expected to sign the contract on investment, plant construction and unification of operation methods.

Phu Anh Construction And Service Trading Co., Ltd will also become the agency and distributor of Battery Products from UCT Technology Co., Ltd in Hai Phong city and orient to expand in the nationwide market. Simultaneously, UCT Technology Co., Ltd will transfer technology on Battery Products to Phu Anh Construction And Service Trading Co., Ltd.

Speaking at the Signing Ceremony, Director of the Department of Science and Technology Tran Quang Tuan expressed his pleasure about the cooperation between the two enterprises. The Department of Science and Technology will create favorable conditions to support Vietnamese and Korean enterprises in Technology Transfer, contributing to the development of the city’s Science and Technology market. Thereby, effectively implementing the Program to promote domestic and international cooperation in Science and Technology in Hai Phong city in the period of 2021-2025.

Phu Anh Construction.