Vingroup will cooperate with Siemens in applying innovative technologies and solutions for projects in three fields - automobile manufacturing, building and residential development, and hospitals.
Representatives of Vingroup and Siemens shake hands after signing the MoU (Photo: Vingroup)
Hanoi(VNA) – Vingroupwill cooperate with Siemens in applying innovative technologies andsolutions for projects in three fields - automobile manufacturing, building andresidential development, and hospitals.
The consensus followed a memorandum of understanding (MoU) inked between thetwo sides in Hanoi on September 7.
The two sides will also consider collaborating closely in agriculture and othervarious industries that Vingroup may expand into in the future.
“This cooperation will bring many opportunities breadth-wise and depth-wise forboth parties, especially at this particular point when Vingroup is expandingits business toward industries that support sustainable development and applystate-of-the-art and green technologies,” CEO of Vingroup Duong Thi Mai Hoasaid at the MoU signing ceremony.
Notably, Siemens will support Vingroup to become a digital enterprise and alsorecommend and introduce Vingroup to suitable design consultants andengineering, procurement and construction contractors for a special automobileproject.
Currently, Siemens is one of the international partners of the VinFastautomobile manufacturing complex, construction of which is underway atthe Dinh Vu-Cat Hai Economic Zone in the northern port city of Hai Phong. Accordingly,the two sides will join force to work on advanced plant management andoperation system towards Industry 4.0.
Invested by Vinfast manufacturing and trade company - an affiliate of Vingroup,the complex is expected to roll out a five-seater sedan model, a seven-seatersports utility vehicle model and an electric motorbike meeting Europeanstandards during the first stage.
The designed capacity is estimated at 100,000-200,000 vehicles peryear. Its first product in the next 12 months will be the electricmotorbike model, while the automobiles will be manufactured in the next 24months.-VNA
Leading business conglomerate Vingroup, one of the nation’s largest real estate developers and a retail sector giant, targets higher revenues but lower net profit this year.
New cutting-edge technology products will be introduced at the Hanoi-based Vietbay Technology Centre, an authorised training centre of Siemens Industry PLM in Vietnam.
Prime Minister Nguyen Xuan Phuc lauded Siemens AG’s cooperation with Vietnam in various fields during his reception in Hanoi on May 24 for Joe Kaeser, President and CEO of the German group.
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.
Representatives of Vingroup and Siemens shake hands after signing the MoU (Photo: Vingroup) 
