Vietnam has announced it has entered a trilateral agreement with the Korea International Cooperation Agency (KOICA) and Hyundai Motor Group to further develop technical training for the country’s automotive workforce.
Three-way agreement
On 24 April, Vietnam’s Ministry of Education and Training (MOET) signed a Memorandum of Understanding (MoU) with KOICA and Hyundai Motor Group. The agreement includes a commitment to developing the technical skills and human capital of Vietnam’s automotive industry.
“Vietnam faces a growing need for skilled automotive professionals, and this partnership offers a meaningful path forward,” said MOET Deputy Minister Le Quan at the signing ceremony.
“We are committed to strengthening Vietnam’s workforce capabilities and helping its automotive sector grow in line with the country’s long-term development goals,” KOICA President Won Sam Chang said.
Hyundai Motor Group will act through its domestic arm, Hyundai Thanh Cong Vietnam Auto Manufacturing Corporation.
Commitment to learning
The initiative is named “Vietnam Industrial Workforce Development Program (2026-2030).” It stipulates that Hyundai Motor Group will create the framework and curriculum for Vietnam’s automotive workers, allowing them to develop skills in moulding, forming, and welding. MOET’s support will be to provide facilities and training venues. Lastly, KOICA supervise the overall project, including the training program and operations.
The collaboration is both a significant investment in expansion by Hyundai and a notable project for KOICA and its relationship with Vietnam. According to the Vietnam Investment Review, “Hyundai Motor Group considers Vietnam a cornerstone of its ASEAN strategy.”
The program will run from Q3 of 2026 until 2031. Graduates of the program will have access to a network of small- and medium-sized parts manufacturers in Vietnam. These employment opportunities are key to the program, allowing program trainees to establish technical skills and a start in the local automotive industry.
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