Vietnam becomes tech hub in Southeast Asia: EETimes Asia
With its fast-growing tech industry and young, educated workforce, Vietnam is emerging as an innovation and technology hub in Southeast Asia, EETimes Asia has reported.
Students operate a robot at the Saigon Hi-tech Park Training Centre in Ho Chi Minh City (Photo: VNA)
Hanoi (VNA) – With its fast-growing tech industry and 🏅young,educated wor൲kforce, Vietnam is emerging as an innovation and technology hub in SoutheastAsia, EETimes Asia has reported.
In arecent article, EETimes Asia said electronics production in Vietnam has beenattracting a lot of attention in recent years and the ongoing US-China tradewar has helped to intensify people’s interests, adding that Vietnam’selectronics market continues to grow, as does the next generation of fearlessVietnamese engineers.
One of the attractive prospects for multinational corporations (MNCs) lookingto expand their presence in the region is the young and ambitious population,it said.
Thearticle noted that Vietnam's population currently has a median age of 30 years anda recent Youth Development Index (YDI) found that 22.5 million (25 percent) of Vietnam’spopulation are aged 15-29 years.
EETimes Asia quoted Daphne Tien, Vice President of Marketing and BusinessDevelopment of Asia-Pacific at Mouser Electronics, as saying that this younggeneration creates an exciting prospect for the future.
The new opportunities that are opening up for Mouser Electronics in Vietnam arenot a result of the trade war, as some would expect, but due to the impact theInternet has had on the new generation of engineers, Daphne said.
She strongly believed that the young generation of engineers currently enteringthe market in Vietnam provides a great opportunity for online distributors.Mouser Electronics has a centralised warehouse based in Dallas, Texas, withmillions of components and can handle both big and small orders.
Daphne explains that Mouser has found success working with startups as they donot pressure these companies to scale up their production, as otherdistributors might.
Despite theoptimism, Vietnam remains a small domestic market, but this is forecast tochange. Vietnam’s growth rate has increased at an average rate of 6.3percent from 2000 until 2018, the article said
Withthe continued foreign direct investment from MNCs such as Samsung, LG andothers, a middle-income class is starting to emerge and with them,opportunities, it added.–VNA
All enterprises, including small- and medium-sized enterprises (SMEs) are responsible for developing and applying technology, and the business circle must be the centre of innovation, heard a seminar.
Job demand in the IT industry is higher than ever and will continue to grow in the near future, according to a report from VietnamWorks, a job recruitment website.
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.
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.
Students operate a robot at the Saigon Hi-tech Park Training Centre in Ho Chi Minh City (Photo: VNA)
