Overseas graduates energise tech startups in Vietnam
Many technology talents have been returning to Vietnam after studying abroad, helping fuel not only domestic electronics supply chains but also the fast-growing digital economy.
Enrollees in the first lecturer exchange programme for Vietnam funded by the US Department of Agriculture (USDA) and held by the USAD Foreign Agricultural Service from August 15 to December 5, 2023. (Photo: US Embassy in Vietnam)
Hanoi (VNA) - Many technology talents have beenreturning to Vietnam after studying abroad, helping fuel not only domestic electronicssupply chains but also the fast-growing digital economy.
Nikkei Asia reported that Vietnam has long sent far more students overseas than its neighbours,and these students gain skills and networks that prove valuable upon return.
More than two decades of study-abroad programmes is bearing fruit. Earlycohorts have had time to graduate and go to work – often in foreign countries –and now bring that experience to bear in Vietnam at a mature point in theircareers. During that time, the country has worked to become a more attractive destination. High-tech goods as a share ofexports, for example, hit 42% in 2020, up from 13% in 2010, the Japan-based news magazine wrote.
UNESCO data show that Vietnam topsSoutheast Asian countries in the number of overseas students, followed byIndonesia, Malaysia, Thailand, and the Philippines.
Meanwhile, it has ranked among thetop 10 sources of international students in the US for more than a decade.
The number ofVietnamese students at US universities and colleges increased 5.7% to 21,900 inthe 2022 - 2023 school year. Vietnam remains in the fifth place among the topsources of international students in the North American nation. Science,technology, engineering, and maths (STEM), along with business/administrationare still the programmes Vietnamese students enroll in most, respectively at47.6% and 24.7%, according to the US’s Open Doors Report 2023 of the Instituteof International Education (IIE).
The Vietnam Education Foundation (VEF), launched in the US by itsCongress, has granted hundreds of scholarships to Vietnamese students andscholars.
Nikkei Asia cited an investor and Stanford alum as saying that the fundis a key example of investments now paying off as alumni have come of age andestablished themselves in Vietnam's economy.
VEF scholars have gone on to found startupssuch as the machine-learning vendor Palexy and Zalo, whichis more popular in Vietnam than Facebook. More generally, many graduates of Harvardand Cambridge have come home to lead all manner of tech companies, includingTap Tap – a rewards platform, Uber Vietnam and the logistics startup Abivin.
However, there remain a lot of challenges to the workforce and theeconomy.
In several ways, performance has not kept up with potential. Besides,suppliers for Apple say they can't find enough engineers. The country has yetto generate a startup that, like Indonesia's Gojek or Singapore's Shopee, trulycan take its brand across borders, Nikkei Asia reported./.
Vietnam is taking advantage of investment opportunities in innovation and startups, heard the Vietnam Venture Summit held by the National Innovation Centre (NIC) and the Golden Gate Ventures on October 30.
As many as 20 million Vietnamese youths will receive support to improve their digital business capacity and develop their startups under a programme launched by the Supporting Centre for Youth’s Startup, and the Centre for Enabling Startups and Knowledge Transfer and the Centre for Student Support under the Vietnam National University - Hanoi, in Hanoi on December 20.
Many high-tech and innovative companies are returning to Vietnam, thanks largely to the country’s recognition of the advantages and competitive edges of sending students abroad, particularly to prestigious universities, to enhance its resources.
More than 100 Vietnamese students from universities across the UK took part in the Leader Camp 2024, an annual event organised by the Vietnamese Student Association in the UK (SVUK), which was held last Sunday at the University of Westminster and aimed at helping the students to learn and explore their potential leadership capabilities.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.