Vietnam’s digital economy is expected to reach 14 billion USD in 2020, a year-on-year increase of 16 percent, and will likely reach 52 billion USD in 2025, re-accelerating to nearly 29 percent in compound annual growth rate, according to a report from Google, Temasek and Bain & Company.
The central city of Da Nang on October 10 started construction on the first phase of the Software Park No 2, worth more than 703 billion VND (30.4 million USD), at Hai Chau district.
The northern province of Vinh Phuc’s industry has been growing to become a key economic sector that contributes greatly to the local gross regional domestic production (GRDP).
Vietnam’s becoming the seventh member of the Association of Southeast Asian Nations (ASEAN) marked a strategic decision and paved the way for the country’s regional and international integration, which has also been seen as a milestone in the grouping’s development.
Vietnam might record high economic growth in the post-pandemic period thanks to the swiftness of structural reforms and trade facilitating measures and emerge as the perfect example for recovery, an Indian scholar has said.
The Hanoi University of Science and Technology (HUST) has, for the first time, entered the 2020 Times Higher Education (THE)’s Golden Age ranking, revealed the THE on June 24.
Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, health care and pharmaceuticals have potential for high growth in the next three years.
Vietnam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.
Foreign direct investment (FDI) from the EU and US has been pouring into southern localities like Ho Chi Minh City, Dong Nai, and Binh Duong provinces.
Hong Kong (China) topped the list of 66 countries and territories investing in Vietnam in January-February with a total investment of 4.3 billion USD, making up 51 percent of the new FDI inflow into the country.
As of February 20, foreign investors have poured 8.47 billion USD into Vietnam, 2.5 times higher than the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
French businesses are looking to promote their technology and products in the Association of Southeast Asian Nations (ASEAN), aiming to raising France’s competitiveness in a region until now dominated by goods from Japan, the Republic of Korea and China.
Japanese companies in Vietnam are seeking more personnel, especially at the managerial level, as investment from Japan has risen greatly in recent years.
Novel technologies and achievements in the automation sector like robot technology, smart works, environment supervision equipment and automated machine in industrial production are being introduced at the Automation Techmart 2017 which opened in Hanoi on August 23.
Vietnam’s Ministry of Science and Technology and its Israeli counterpart inked a memorandum of understanding (MoU) on cooperation in science and technology in Israel on July 25.
It appears that Vietnam is best placed to become Southeast Asia’s Silicon Valley while most members of the ASEAN Economic Community (AEC) have ambitions of developing competitive technology sectors, “Asia Correspondent” said in a recent article.
Many industries in Vietnam, especially those relating to engineering, information technology, health care, textiles and footwear, are forecast to have a great demand for employees in the coming years.
Sci-Tech
