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The seminar brought together leaders and top experts from major U.S. tech companies like AMD, Google, and Marvell, as well as representatives from semiconductor industry associations. Minister of Planning and Investment Nguyen Chi Dung highlighted that the Vietnam-U.S. relationship is deepening, especially in terms of economic and high-tech cooperation.During the seminar, participants shared international experiences and noted that Vietnam has great potential for collaboration in these areas. They expressed confidence that, with the current strategy, Vietnam will become an attractive destination for investors and achieve significant success in the future.General Secretary and President To Lam speaks at the seminar on Strengthening Vietnam-U.S. Cooperation in the Development of the Semiconductor and Artificial Intelligence Industries. Photo: Lam Khanh/TTXVNDuring the seminar, General Secretary and President To Lam highlighted three strategic priorities for socio-economic development by 2030: institutional reform, infrastructure, and human resources. The growth of the semiconductor and AI industries is seen as a key focus as Vietnam moves toward a digital and green economy.Vietnam has many strengths for developing these industries, including hundreds of thousands of programmers and millions of IT professionals trained over the past 20 years, which provides a strong foundation for the AI and semiconductor sectors. Additionally, Vietnam welcomes U.S. companies and organizations to collaborate in developing innovative and sustainable solutions together.Source: baotintuc.vn

The semiconductor industry is becoming a crucial pillar of Vietnam's digital economy, with the government actively attracting investment from foreign enterprises.Strong Development PotentialWith its key role in the digital economy, the semiconductor industry is solidifying its importance in the context of the Fourth Industrial Revolution. Semiconductor products are widely applied across various fields, creating a trend that requires countries to enhance their capabilities and diversify supply chains.Vietnam holds geopolitical advantages and human resources in the semiconductor sector. With an estimated 20 million tons of rare earth reserves, Vietnam ranks second in the world for this resource, following China. Furthermore, the government has approved a human resource development program for the semiconductor industry, aiming to train at least 50,000 university-level professionals by 2030.Increasing Investment SourcesCurrently, Vietnam is attracting significant interest from leading corporations in the semiconductor industry. In 2024, the value of the semiconductor industry is projected to exceed $6.16 billion, positioning Vietnam as one of the important chip manufacturing hubs in the world.Sustainable Development StrategyOn September 21, 2024, the Prime Minister issued a strategy for developing Vietnam's semiconductor industry through 2030, with a vision for 2050. The goal is to selectively attract investment, and establish at least 100 chip design companies, one small-scale chip manufacturing plant, and 10 packaging plants.Vietnam is actively facilitating the entry of foreign high-tech enterprises into the semiconductor industry, aiming to improve product quality and expand access to modern technology, striving for a leading position as a semiconductor manufacturing center in the region.Source: Information and Communication Magazine

Vietnam's digital economy is rapidly growing, reaching a value of $30 billion in 2023 and projected to increase by 20% to $43 billion by 2025. This growth is driven by the adoption of technology in businesses, the development of fintech, and rising incomes among the middle class, according to a report from Acclime Vietnam.Businesses Quickly Embracing Digital TransformationVietnam has undergone a significant technological transformation, with 87% of surveyed businesses implementing digital transformation. A survey by the Ministry of Planning and Investment shows an improvement in digital readiness across all sectors.Notable Trends in GenAI and SustainabilityGenerative Artificial Intelligence (genAI) is becoming increasingly popular, with 40% of Vietnamese financial organizations having adopted this technology. Additionally, smart industrial parks are emerging due to the integration of sustainable practices.Factors Driving GrowthThis growth is supported by a thriving startup ecosystem with around 3,800 businesses, as well as a shift towards e-commerce and digital financial services, especially following the COVID-19 pandemic.Impressive Growth in FintechThe fintech sector is booming, with 32.77 million active e-wallets and a significant increase in online and mobile payment transactions. From 2013 to 2023, $1.04 billion was invested in payment fintech startups in Vietnam. Recently, NextBold Capital announced plans to raise a $100 million fund to support small and medium-sized enterprises in the region.Investment Capital by Sector in Vietnam, Source: Do Ventures, NIC, and Cento Ventures, 12/2023Source: fintechnews.vn

TMA recently attended the Vietnam-Korea Business Cooperation Forum, which aimed to strengthen ties between Vietnamese and South Korean businesses. The event featured product showcases and provided opportunities for B2B networking. TMA engaged with over 25 companies, including 10 from South Korea, to present our tailored solutions for various industries. We also highlighted our significant experience in the South Korean market, which has been important for our growth and partnerships.The forum also offered updates on trade and investment cooperation between Ho Chi Minh City and South Korea. Discussions focused on new areas for collaboration in tourism, services, digital transformation, renewable energy, and supply chain management. These topics showed how both countries can work together to promote growth, especially in using digital technologies and sustainable solutions. The event highlighted the value of these industries in enhancing cooperation and expanding business opportunities for companies like TMA.

On the morning of October 15th, TMA continued its active involvement in the Vietnam-Korea B2B Matching Program, co-organized by the Ho Chi Minh City Computer Association (HCA) and Meta Square. This event aimed to strengthen trade connections between Vietnamese and Korean businesses in key sectors such as artificial intelligence (AI), 3D/AR-VR technology, and smart city solutions. TMA showcased its expertise in these areas, engaging in discussions about the growing importance of these technologies in modern industries and cities.Throughout the event, many Korean companies expressed strong interest in TMA’s outsourcing services, particularly in AI-driven solutions and smart city innovations. As a result, several partners have already scheduled follow-up meetings for 2025, signaling a mutual interest in exploring deeper collaboration. These discussions reflect TMA's ongoing efforts to build lasting business relationships with international partners, contributing to future growth and technology exchange between Vietnam and Korea.

Vietnam has made notable strides in innovation, rising two positions to rank 44th in the 2024 Global Innovation Index (GII) report released by the World Intellectual Property Organization (WIPO) in Geneva on September 26. Within ASEAN, Vietnam ranks 4th, following Singapore, Malaysia, and Thailand.The World Intellectual Property Organization releases the Global Innovation Index report. Photo: WIPOThis year, Vietnam saw substantial improvements in both innovation input and output metrics. Specifically, the country rose 4 places in innovation input to rank 53rd and climbed 4 spots in innovation output to 36th. Notably, Vietnam is a world leader in High-Tech Imports, High-Tech Exports, and Creative Goods Exports, measured as a percentage of total trade.The GII 2024 report also recognized Vietnam as one of eight middle-income countries with the most significant ranking improvements since 2013. This achievement reinforces Vietnam's position as the second-most innovative lower-middle-income country, trailing only India.Minister of Science and Technology - Mr. Dat Huynh stated that this success reflects the government’s decisive direction and the dedicated efforts of ministries, local authorities, and the business community. This ranking advancement not only boosts Vietnam's competitiveness but also opens substantial opportunities for the country on the global stage.Source: Vietnam.net