NEWS

The CEO of Samsung Electronics met with Vietnamese Prime Minister Pham Minh Chinh and announced a US$850 million investment to manufacture semiconductor components in Thai Nguyen province on 5 August 2022.The investment will make Vietnam one of only four countries — alongside South Korea, China, and the United States — that produce semiconductors for the world’s largest memory chipmaker. Vietnam’s selection over more developed locations speaks volumes about the country’s rising importance in the semiconductor value chain.Vietnam’s industrial and technology policies have always granted the highest incentives for high-tech projects, including corporate income tax reduction and sales tax and land rent exemption. In 2020, as tech firms continued to exit China, Vietnam established a special working group to court high-tech investments by offering customized incentives beyond those specified by existing laws. Different Vietnamese prime ministers have met with executives of global tech giants to encourage investment in semiconductors.Vietnam Semiconductor Industry: Key Investment Hub 2021 - 2025Intel recently channeled an additional US$475 million into its assembly and test plant in Vietnam that produces core processors. Local tech corporations have similarly launched their own lines of low-end semiconductors for a wide range of applications. Such projects are laying the foundation for even more investments to come.The next step for Vietnam is to go beyond attracting foreign direct investment to integrating multinationals into its economy. Weaknesses in the country’s investment climate — including backward infrastructure, weak intellectual property rights enforcement, cumbersome procedures, underdeveloped supplier networks, and a shortage of local skills — must be urgently addressed.Source: East Asia Forum

With Vietnam making new moves to accelerate digitally, the local tech market has become more appealing to international players over the past two years, with expansion intensifying in specific areas.Shah Zeb, senior director of Business Development at Qualcomm Technologies, last week flew from the US to Vietnam to attend the Vietnam International Digital Week from October 11-14 in Hanoi, demonstrating Qualcomm’s interest in the local tech market amid the country’s acceleration to commercialize 5G.“Vietnam has three big goals: successfully deploying the 5G network; designing products for domestic and international markets; and developing digital skills and capacity,” he said.Vietnam and Qualcomm have agreed to intensify cooperation in developing and commercializing products, especially 5G devices, to meet local and international needs. Qualcomm is working with Vietnamese network operators such as Viettel, VNPT, Mobifone, BKAV, and Vinfast in 5G activities.ICT cooperation and interest have also intensified at the country level as meetings with Japan, South Korea, and the United States.At the Vietnam-Japan Digital Forum held on October 12, Vietnam’s Ministry of Information and Communications (MIC) and its Japanese counterparts discussed digital transformation and 5G rollout in the two countries. Representatives from Japanese ICT firms like Hitachi, Fujitsu, and NTT Data also shared their plans to work with partners in Vietnam. In September, the MIC also held similar events in South Korea and the United States.Encouraging enterprises to accelerate the digitalisation of production and business activities and establishing effective digital service delivery channels, the country will also enhance investment in digital infrastructure, research and development, and international cooperation in digital transformation.Source: Vietnam Investment Review

The semiconductor industry is undergoing significant global shifts, and Vietnam is emerging as a key player in this transformation. According to market research released by Technavio, one of the world's leading technology research and consulting companies, the semiconductor market in Vietnam is poised for impressive growth. Expected to expand by $1.65 billion at a compound annual growth rate (CAGR) of about 6.52% between 2021 and 2025, Vietnam's semiconductor sector offers compelling opportunities for foreign investors. This article provides an in-depth analysis of the semiconductor production industry in Vietnam, highlighting its growth potential, legal framework, and strategic advantages. Growth of the semiconductor industry in Vietnam Over the past decade, Vietnam has attracted substantial foreign investment in the microelectronics and semiconductor sectors. Major multinational corporations such as Intel Corporation, Jabil, Sonion, Datalogic, and GES have established operations in Ho Chi Minh City's High-Tech Park, signaling their confidence in Vietnam's capabilities. This influx of investment has not only boosted the local economy but also positioned Vietnam as a significant player in the global semiconductor supply chain. The rapid growth of Vietnam's semiconductor industry can be attributed to several factors. First, the country's strategic location in Southeast Asia makes it an ideal hub for companies looking to optimize their supply chains and reduce shipping times to key markets. Additionally, Vietnam offers competitive labor and production costs, which are significantly lower than in many other countries. These cost advantages, combined with the government's proactive policies, have made Vietnam an attractive destination for semiconductor manufacturers. Legal framework supporting semiconductor development Vietnam's government has recognized the importance of the semiconductor industry and has implemented a robust legal framework to support its growth. Key legislation, such as Decision No. 439/QD-TTg dated April 16, 2012, identifies semiconductor development as one of the nine key national products under the National Product Development Program to 2020. This decision underscores the government's commitment to fostering the semiconductor sector as a vital component of the country's industrial strategy. In addition to Decision No. 439, the government issued Decision No. 66/2014/QD-TTg, which lists high technologies prioritized for development investment and high-tech products encouraged for development. This legal framework specifically includes technologies for designing and manufacturing semiconductors and semiconductor devices, further highlighting the government's focus on this critical industry. By prioritizing the semiconductor sector, Vietnam aims to attract more foreign investment and enhance its technological capabilities, thereby driving economic growth. Strategic advantages of Vietnam for semiconductor production Vietnam's appeal as a semiconductor production hub extends beyond its legal framework and competitive costs. The country's strategic location offers significant logistical advantages, making it easier for companies to access key markets in Asia, Europe, and the Americas. Vietnam's proximity to China, the world's largest semiconductor market, is particularly advantageous for companies looking to tap into this vast market while diversifying their supply chains. Another critical factor contributing to Vietnam's attractiveness is its extensive network of free trade agreements (FTAs). Vietnam is a signatory to 13 FTAs, making it one of the most connected countries in the region. In contrast, Singapore has only six FTAs, and Malaysia has seven. These agreements provide Vietnam with favorable market access and investment conditions, allowing foreign investors to benefit from reduced tariffs and other trade incentives. The most notable FTAs that have positively impacted Vietnam's semiconductor industry are the EU-Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These agreements grant preferential market access and investment conditions, making Vietnam an even more attractive destination for semiconductor manufacturers. Under the tariff schedules of these agreements, most semiconductor products enjoy a 0% base tariff rate, further enhancing the country's competitiveness. Vietnam as an ideal destination for semiconductor investment In conclusion, Vietnam's semiconductor industry is well-positioned for significant growth, driven by a combination of strategic location, competitive costs, a favorable legal framework, and extensive free trade agreements. The government's commitment to supporting the semiconductor sector, coupled with the growing interest from multinational corporations, underscores Vietnam's potential as a leading hub for semiconductor production. For business owners and investors in the semiconductor industry, Vietnam offers a unique opportunity to capitalize on the country's advantages and contribute to its burgeoning technological landscape. As global demand for semiconductors continues to rise, Vietnam's role in the industry is set to expand, making it an ideal destination for investment. With the right strategies and partnerships, foreign investors can tap into Vietnam's growth potential and secure a strong foothold in the global semiconductor market.

In the ever-evolving landscape of information technology, TMA Solutions has consistently demonstrated its prowess, earning recognition as one of Vietnam's top IT enterprises. On September 10, 2022, TMA was honored at the annual Vietnam IT Enterprises Awards by the Vietnam Software Association (VINASA). This event, which has been a hallmark of excellence since its inception in 2014, recognizes the most prestigious and capable IT companies in the country. TMA's inclusion in this esteemed list underscores its commitment to innovation, quality, and leadership in the industry. Continuous Recognition Across Multiple Categories TMA Solutions has been a mainstay in VINASA's awards, and the 2022 ceremony was no exception. The company was proudly awarded in three key categories: Top 10 Software Outsourcing and IT Services Enterprises: TMA’s longstanding expertise in software outsourcing has consistently positioned it as a leader in the global market. This recognition highlights the company's ability to deliver high-quality IT services to clients worldwide. Top 10 Fintech Enterprises: TMA’s innovations in financial technology have set it apart in an industry that demands both precision and security. This award reflects TMA’s commitment to developing cutting-edge fintech solutions that cater to the evolving needs of the financial sector. Top 10 AI & IoT Enterprises: TMA’s work in Artificial Intelligence (AI) and the Internet of Things (IoT) is shaping the future of technology. This recognition emphasizes TMA's role in driving technological advancements that are crucial to the digital transformation of industries. For three consecutive years, TMA has been recognized in these categories, a testament to the company’s sustained excellence and leadership in the IT sector. Over Two Decades of Experience and Reliability Founded over 27 years ago, TMA Solutions has built a robust foundation in the software industry. The company’s extensive experience is a significant advantage, particularly when compared to newer competitors. Serving clients in 30 countries, TMA has developed a deep understanding of global markets and the unique challenges that businesses face. This experience allows TMA to provide tailored solutions that meet the specific needs of its diverse clientele. TMA’s longevity in the industry is a testament to its reliability. The company has consistently delivered on its promises, earning the trust of clients around the world. This reliability is a key factor that sets TMA apart from its competitors, making it a preferred partner for businesses seeking dependable IT services. Scale and Technical Capability One of TMA’s most significant strengths is its scale and technical capability. With a team of over 4,000 software engineers, TMA has the capacity to handle large and complex projects. The company’s size allows it to deploy resources quickly and efficiently, ensuring that projects are completed on time and within budget. TMA’s technical expertise spans a wide range of technologies, including AI, IoT, Big Data, Cloud Computing, and Blockchain. This broad expertise enables TMA to offer comprehensive solutions that address the diverse needs of its clients. Whether a project requires advanced AI algorithms or secure blockchain solutions, TMA has the technical capability to deliver. Commitment to Quality and International Standards Quality is at the core of TMA’s operations. The company is committed to providing services that meet the highest international standards. TMA’s adherence to these standards is demonstrated by its certifications, including CMMI Level 5, ISO 27001, and ISO 9001. These certifications are a mark of quality that enhance client trust and differentiate TMA from competitors who may not have achieved these rigorous standards. The company’s focus on quality extends to every aspect of its operations, from project management to client service. This commitment ensures that TMA’s clients receive the best possible service, leading to high levels of client satisfaction and long-term partnerships. Conclusion TMA Solutions’ recognition as one of the top IT enterprises in Vietnam is a reflection of its commitment to excellence, innovation, and quality. With over 27 years of experience, a large and capable team, and a focus on meeting international standards, TMA continues to set the benchmark for the IT industry in Vietnam. For business owners seeking a reliable and experienced IT partner, TMA Solutions offers a proven track record of success and a commitment to delivering the highest quality services.

In a bid to bolster the quality of IT education and bridge the gap between academic learning and industry requirements, TMA Solutions has been actively involved in various initiatives with universities. These collaborations are designed to provide students with a comprehensive understanding of the IT industry and enhance their career prospects. Live Stream Event at Eastern International University On June 1, TMA Solutions had the honor of participating in a significant event hosted by Eastern International University (EIU). Mr. Nguyen Hai Au, Project Director at TMA, joined a livestream session themed "Technology - Pioneer - Solution for the Future." This event was aimed at informing parents and students about the benefits of pursuing an IT education. Mr. Au discussed the training programs offered by TMA, the learning environment, and the potential career development opportunities available in the IT sector. Student Visits and Interactive Sessions Throughout the month, TMA Solutions hosted several groups of students from prominent educational institutions, including Banking University of Ho Chi Minh City, University of Economics and Finance of Ho Chi Minh City (UEF), and FPT Aptech. These visits provided students with an invaluable opportunity to experience the IT profession firsthand. During these sessions, students explored TMA’s work culture and environment. They also benefited from discussions with seasoned professionals, gaining insights into the practical aspects of IT careers. Notably, during the UEF visit, students specializing in AI and Data Science had the chance to delve deeper into AI-IoT applications, guided by Mr. Nguyen Minh Nghia, Senior Technology Engineer at TMA Tech Group. Mr. Nghia shared his extensive experience in AI-IoT projects, offering students a closer look at cutting-edge technology in action. Participation in the "Information Technology Talent Search" Contest On June 20, 2022, TMA Solutions’ Senior Project Manager, Mr. Truong Minh Dao, attended the opening of the "Information Technology Talent Search" 2022 contest at Ton Duc Thang University. This event, organized by the university’s Faculty of IT, attracted over 45 student projects across three key areas: Mobile Applications/Web Applications, Network/IoT, and Artificial Intelligence Applications. The contest showcased the innovative work of students and highlighted the potential for these projects to be commercialized and implemented in real-world scenarios. TMA’s involvement underscored its commitment to nurturing young talent and supporting the practical application of academic knowledge. TMA Solutions: Experience and Expertise TMA Solutions boasts over 27 years of experience in the software industry, serving clients across 30 countries. This extensive experience sets TMA apart from newer market entrants and underscores its reliability and expertise. With a robust team of over 4,000 software engineers, TMA is well-equipped to manage large and complex projects. The company’s technical capabilities span a wide range of technologies, including Artificial Intelligence (AI), Internet of Things (IoT), Big Data, Cloud Computing, and Blockchain. This diverse technical expertise enables TMA to deliver comprehensive solutions tailored to meet the evolving needs of its clients. Conclusion TMA Solutions' proactive engagement with educational institutions and its ongoing efforts to improve IT training quality reflect its dedication to advancing the IT industry. Through live events, student visits, and participation in industry contests, TMA is helping to shape the future of IT professionals, ensuring that they are well-prepared for the demands of the industry. This commitment not only benefits students but also reinforces TMA’s position as a leader in the global software industry.

With positive outcomes and predictions, Vietnam’s digital economy is set for a bright future.According to the “e-Conomy SEA 2021” report published by Google, Bain & Company from the US, and Temasek from Singapore, Vietnam’s internet economy was worth $21 billion in 2021 and contributed more than 5 percent of GDP, or seven times higher than in 2015, and is expected to reach $57 billion in 2025, ranking it second in Southeast Asia. Growth in 2021 was 31 percent, the highest in ASEAN, and will average 29 percent annually to 2025.According to the President of the Vietnam Software and Information Technology Services Association (VINASA) Nguyen Van Khoa, the goal of the Vietnamese Government is that by 2025 the digital economy will account for 20 percent of GDP and the proportion of the digital economy in each industry or field will reach at least 10 percent, and by 2030, the digital economy will account for 30 percent of GDP and the proportion of the digital economy in each industry or field will reach at least 20 percent, all of which are quite challenging, especially for traditional industries.The digital economy is making important contributions to the global economy and the economies of many individual countries. Many countries see opportunities to develop the digital economy and have issued their own development strategies, according to Mr. Khoa.Information technology enterprises continue to promote investment and research into technologies applied in digital transformation, such as AI, machine learning, and the metaverse, etc. Only investment in intellectual property will produce new Vietnamese technology for local businesses, instead of accessing foreign technology.Source: VnEconomy