A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries.
Da Nang (VNA) – A forumto promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors fromthe two countries.
The event aims to introduce potential, advantages, preferential and investmentsupport policies of Da Nang to RoK businesses and investors, especially inICT, and high technology.
Addressing the event, DeputyMinister of Information and Communications Phan Tam said the RoK is the largestforeign investor in Vietnam with over 9,000 valid projects worth over 71.5billion USD, including nearly 500 investment projects in the ICT field with thepresence of the world's leading technology corporations such as Samsung and LG.
To welcome more investments fromthe RoK, the Vietnamese Government has been perfecting models, mechanisms andpolicies to create breakthrough development for concentrated IT parks in keyeconomic centres, he said.
Da Nang is likened to a "siliconvalley of Southeast Asia". The municipal authority is working withthe central agencies to build a digital ecosystem, giving priority toattracting foreign-invested projects in IT and high technology, towardsdeveloping the central city into a destination for global digital technologycorporations, Tam said.
Participants discussed the developmentof Vietnam's ICT industry, investment of Korean firms in general andKorean ICT enterprises in particular in Vietnam.
Korean investors also shared their investment experience in Da Nang.
Consul General of the RoK in Da Nang Ahn Min-sik said this is the right time tostrengthen cooperation in IT in order to connect other sectors, expressing his hope that RoK corporations and Da Nang city will promote stronger ICTcooperation as well as in other fields for sustainable development.
According to Vice Chairman of the municipalPeople’s Committee Tran Phuoc Son, the city considers the RoK one of its key partners,and wishes to promote connectivity and investment from Korean companies in its ICTsector.
Da Nang pledges to create favourable conditions for RoK investorsto set up and operate effectively projects in Da Nang, he affirmed.
The RoK is one of the strategicmarkets that Da Nang is calling for investment. The RoK isone of the five countries and territories having the highest number of projectsand investment capital in Da Nang, with 233 projects worth 378.14 million USD as of this November.
Information technology is one of thekey areas that Da Nang city is focusing on calling for Korean investors. Thecity has set a target of earning 2.34 billion USD from the ICT sector by 2025./.
A ceremony was held in the central city of Da Nang on June 16 to announce the establishment of the Vietnam - Korea University of Information and Communications Technology (VKU).
The CMC Corporation, the second largest Information and Communications (ICT) group in Vietnam, has proposed a strategic development plan for a creative space and a digital hub in the central city of Da Nang.
Information and communication technology (ICT) has played an important role in the fight against the COVID-19 pandemic, Deputy Minister of Information and Communications Nguyen Huy Dung said during the video talk “Ket Noi Trong Dai Dich” (Connections during the Pandemic) earlier this week.
Demand for human resources for Information and Communications Technology (ICT) in general and artificial intelligence (AI) in particular in Vietnam has increased continuously and about 1 million more ICT personnel will be needed in the country by 2030, according to the Vietnam-Australia AI Network.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
The Government will always accompany companies, including CMC, and request ministries, agencies, and Hanoi authorities to further support them by promptly removing any obstacles to their growth, said Prime Minister Pham Minh Chinh.
Participants at the forum (Photo: VNA) 
