NEWS

LG Electronics is significantly enhancing its research and development (R&D) capabilities in Vietnam by broadening its focus from software development to include innovative home appliance solutions. This expansion encompasses key areas such as lifestyle, kitchen, and air solutions.Since establishing the Hanoi R&D Centre in 2016, LG has further extended its presence by opening R&D subsidiaries in Hai Phong and Da Nang in 2023. The Hanoi center, officially incorporated in 2023, has expanded its research scope to include the webOS smart platform and plans to increase its R&D workforce from 1,100 to over 1,200 employees this year.In just eight years, the Hanoi center has emerged as a vital R&D hub for Southeast Asia, supported by talent development programs in partnership with local institutions like the Hanoi University of Industry.Source: vietnamnews.vn

Artificial Intelligence (AI) is becoming a major trend in the global healthcare sector, leading to significant advancements such as early diagnosis, personalized treatment, and reducing the strain on hospital systems. At the seminar "Application of Artificial Intelligence in Healthcare: Potential and Opportunities," experts emphasized the potential of AI for automating processes, managing medical records, detecting cancer early, and assisting with diagnostic imaging.Ms. Yen Ho, Director of the HealthTech Division at TMA Innovation, noted that AI applications are being implemented in hospitals to streamline operations, manage patient records, conduct cancer screenings, and support diagnoses.AI is especially advantageous for cancer diagnosis because of its ability to analyze data quickly and accurately, enabling doctors to spot early signs of disease and determine the best treatment options based on each patient's unique characteristics.In Vietnam, several hospitals have been using AI for cancer diagnosis, employing automated imaging analysis systems to help doctors make more precise treatment decisions. Additionally, universities and research institutes are actively developing AI solutions for medical diagnostics, particularly in rural areas with limited resources.Ms. Yen Ho (TMA Innovation) presents on the trend of AI technology in the global smart healthcare landscape.Despite its significant potential, the adoption of AI in healthcare in Vietnam still faces several challenges, such as a lack of digitized data and an incomplete IT infrastructure. Experts recommend that AI be integrated into the national digital transformation strategy, data standardization be prioritized, and the deployment of existing AI applications be accelerated. This will not only enhance the quality of healthcare but also expand access to medical services in remote and underserved areas where healthcare conditions are limited.As AI gradually becomes an essential part of the healthcare sector, it promises to bring many long-term benefits, not just for hospitals and doctors, but also for the patient community, improving the healthcare experience and enhancing treatment effectiveness.Source: Information and Communication Magazine

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.