Technology helps create breakthrough for start-up development
Technology opens up new development opportunities for startup businesses by translating their ideas into products and services, experts said at the recent Tech Summit 2019 held in Ho Chi Minh City.
To Thi Thu Huong, deputy head of the information technology department under the Ministry of Information and Communications, speaks at the summit (Photo: Forbes Vietnam)
HCM City (VNA) – Technology opens upnew development opportunities for startup businesses by translating their ideasinto products and services, experts said at the recent Tech Summit 2019 held inHo Chi Minh City.
With a population of more than 93 millionpeople, including many youngsters, Vietnam has the capacity to take advantageof new technology trends such as Internet of Things (IoT), ArtificialIntelligence (AI) and blockchain.
Besides the Governments’ macro policies to boostcorporate restructuring, entrepreneurial ideas will promote the financialecosystem and boost leverage for business development.
Vietnam is among the 10 most attractivecountries for software outsourcing in the region and the world, according to ToThi Thu Huong, deputy head of the information technology department under theMinistry of Information and Communications.
The country took top spot in the BusinessProcess Outsourcing (BOP) Index of the global real estate adviser Cushman &Wakefield in 2016.
It is home to nearly 50,000 businesses operatingin technology, a figure expected to increase to more than 100,000 in thefuture.
Lee Jae-woong, CEO of car-sharing app SoCar,described Vietnam as a future unicorn farm.
With a young population structure and a highrate of internet and smartphone users, Vietnam is able to set up and develop alot of unicorn startup companies, he said.-VNA
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
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.
To Thi Thu Huong, deputy head of the information technology department under the Ministry of Information and Communications, speaks at the summit (Photo: Forbes Vietnam)
