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Vietnam's manufacturing sector is increasingly reliant on artificial intelligence (AI) and digital transformation to drive growth and competitiveness, as outlined in Zebra Technologies Corporation's 2024 Manufacturing Vision Study. The study highlights that 46% of manufacturers in the Asia Pacific (APAC) region expect AI to spur growth by 2024, rising to 68% by 2029. This rapid surge underscores the crucial role of AI in enhancing productivity and improving quality in manufacturing processes. Challenges in Adopting Digital Technologies Manufacturers face big challenges when trying to adopt digital technologies. Globally, 30-40% of those surveyed say the main problems are high labor costs, a lack of skilled workers, and difficulties in combining information technology (IT) with operational technology (OT). In the Asia Pacific region, these challenges are even greater due to the sector's rapid expansion and the need for continual reskilling of the workforce. Vietnam’s Ambitious Manufacturing Goals Vietnam's government has set ambitious goals for its manufacturing sector, targeting a 30% contribution to GDP and an annual labor productivity growth rate of 7.5%. With the manufacturing sector expected to grow by more than 8.5% per year, adopting AI and other advanced technologies is critical. FDI has been pivotal, with the sector attracting $20 billion in 2023, accounting for over 60% of Vietnam’s total FDI. This influx has strengthened Vietnam's position as a manufacturing hub, particularly in electronics and textiles. Real-Time Data and AI Integration The report emphasizes that real-time data visibility is key to driving digital transformation in manufacturing. By integrating AI-powered analytics , manufacturers can enhance data management, track performance, and address issues immediately. This allows for better decision-making, predictive maintenance , and quality control , leading to greater efficiency and reduced downtime. Conclusion In conclusion, Vietnam's manufacturing sector stands at a crucial juncture, where embracing AI and digitalization will be essential for sustaining growth and competitiveness. With global and regional manufacturers increasingly prioritizing these technologies, Vietnam’s push towards a digitally-enabled manufacturing environment is expected to play a critical role in achieving the sector's ambitious growth targets. Source: Vietnam Economic News

Vietnam is prioritizing the development of its semiconductor industry by attracting investment from foreign companies, especially those from the United States. Both countries have agreed to cooperate in innovation and see the semiconductor sector as a key pillar in their partnership. The U.S. government has committed to supporting Vietnam in building a semiconductor ecosystem, including the establishment of two training centers in Ho Chi Minh City and Hanoi to train tens of thousands of semiconductor engineers. Vietnam is also actively collaborating with the U.S. on OECD semiconductor initiatives to deepen its integration into the global supply chain. Minister of Planning and Investment Dung Nguyen emphasized that this initiative marks the start of an internationally standardized training program that will enhance Vietnam’s technological capacity in the https://www.tmasolutions.com/technologies/hardware-integration" target="_blank semiconductor field. With its rapidly growing digital economy, young workforce, and modern infrastructure, Vietnam is becoming an increasingly attractive destination for major technology corporations. Minister of Planning and Investment Dung Nguyen. Photo: NIC. Minister Dung highlighted that U.S. investment and support are vital to unlocking a prosperous future for both nations. To meet the goal of training 50,000 semiconductor engineers by 2030, Vietnam is rolling out numerous training programs at universities, in collaboration with a wide range of partners. Source: Vietnam.net

During his visit to South Korea on August 1-2, Minister Hung Nguyen led a delegation from Vietnam’s Ministry of Information and Communications (MIC) to meet with key South Korean agencies, including the Ministry of Science and ICT (MSIT) and the Digital Platform Government Committee. The discussions covered in-depth digital strategies and cutting-edge technologies like AI in semiconductors and large-scale AI computation, with both sides sharing a vision for growth in the era of artificial intelligence. The meeting between Vietnam’s Ministry of Information and Communications and South Korea’s Ministry of Science and ICT. Photo by Khanh Van - TTXVN. Vietnam is making significant strides in information and communications technology, with a particular emphasis on AI, and highlighted the importance of international cooperation in developing a skilled workforce. At the meeting, the two ministers pledged to deepen cooperation in AI research and development as well as in semiconductor technology. As part of the visit, Minister Hung toured Seoul Cyber University, where he attended the opening ceremony of a joint training office with Vietnam’s Posts and Telecommunications Institute of Technology—an achievement that underscored the strong partnership between the two institutions. He also participated in the 2024 Vietnam-Korea Digital Forum, creating opportunities for Vietnamese ICT companies to connect and explore partnerships in South Korea. Minister Hung met with Vietnamese students in South Korea, sharing insights into Vietnam’s ICT sector development and encouraging them to contribute to the nation’s growth through technology. The visit strengthened Vietnam-South Korea relations and opened promising new avenues for collaboration in technology and workforce training. Source: vietnam.vnanet.vn

Around the world, AI is reshaping property valuation, enhancing accuracy, efficiency, and reducing errors. In the U.S., companies like Zillow and Redfin are pioneering AI-based automated valuation, while countries like the UK and Japan are also heavily investing in AI application development to support property value predictions and land management. Hoang Cao Long, CEO of Hoang Son Company, highlights that AI dramatically shortens the valuation process by rapidly processing data and integrating diverse information sources, offering a comprehensive perspective on land value. Furthermore, real-time data updates help investors stay on top of market changes. However, for AI to reach its full potential, businesses must overcome data quality challenges and ensure transparent processes. Combining advanced tech with clear management systems will be the key to making AI a sustainable tool in real estate. Source: reatimes.vn

Digital transformation is opening new doors for Vietnamese farmers, allowing them to build a sustainable economy in their hometowns, without needing to migrate. At the "Promoting Agricultural Digitization" conference, the Minister of Agriculture and Rural Development, Le Minh Hoan, emphasized that technologies like artificial intelligence (/technologies/ai-ml-and-data-sciences" target="_blank AI ) and automation increase productivity and make production and management more efficient. This, in turn, strengthens the global competitiveness of Vietnamese agricultural products. Minister of Agriculture and Rural Development Lê Minh Hoan discusses the piece 'Digital Village' - Photo: VGP/Đỗ Hương Digital technology is also helping to lower costs for agricultural businesses. According to Nguyen Hoai Nam, a representative of the Seafood Association, businesses applying digital solutions can cut costs by 7-25% and meet international standards more easily. Similarly, the wood industry has leveraged digital tools to verify the legal origin of wood, ensuring compliance with the stringent requirements of the EU and other major markets. Minister Le Minh Hoan asserted that digital transformation in agriculture offers a sustainable and long-term path for Vietnamese farmers to escape poverty and prosper on their land. This approach brings economic benefits and represents a meaningful step toward a greener, more sustainable future for rural Vietnam. Source: baochinhphu.vn

Vietnam is quickly becoming a “convergence point” for global tech giants, attracting hundreds of millions of dollars in investment projects. In recent years, foreign direct investment (FDI) has increasingly shifted toward green and high-tech sectors in Vietnam. Over the past decade, tech startup investment has surged in Vietnam; however, the pace has slowed in the past two years amid global economic uncertainty. In the first nine months of 2023 alone, total investment in deals dropped 13%, reaching $427 million, with the number of transactions at its lowest since 2018. Ms. Vy Le from Do Ventures noted that fundraising is becoming more challenging as investors exercise greater caution. Experts emphasize that focusing on core products will be key for startups to attract high-quality investment. Despite the positive investment momentum, Vietnam faces challenges in meeting investor demand for a skilled workforce. To retain these major tech players, Vietnam will need to improve technical infrastructure, ensure macroeconomic stability, and create favorable incentive policies. Source: VnEconomy.vn