Students operate a robot at the Saigon Hi-tech Park Training Centre in Ho Chi Minh City (Photo: VNA)
Hanoi (VNA) – With its fast-growing tech industry and young,educated workforce, Vietnam is emerging as an innovation and technology hub in SoutheastAsia, EETimes Asia has reported.
In arecent article, EETimes Asia said electronics production in Vietnam has beenattracting a lot of attention in recent years and the ongoing US-China tradewar has helped to intensify people’s interests, adding that Vietnam’selectronics market continues to grow, as does the next generation of fearlessVietnamese engineers.
One of the attractive prospects for multinational corporations (MNCs) lookingto expand their presence in the region is the young and ambitious population,it said.
Thearticle noted that Vietnam's population currently has a median age of 30 years anda recent Youth Development Index (YDI) found that 22.5 million (25 percent) of Vietnam’spopulation are aged 15-29 years.
EETimes Asia quoted Daphne Tien, Vice President of Marketing and BusinessDevelopment of Asia-Pacific at Mouser Electronics, as saying that this younggeneration creates an exciting prospect for the future.
The new opportunities that are opening up for Mouser Electronics in Vietnam arenot a result of the trade war, as some would expect, but due to the impact theInternet has had on the new generation of engineers, Daphne said.
She strongly believed that the young generation of engineers currently enteringthe market in Vietnam provides a great opportunity for online distributors.Mouser Electronics has a centralised warehouse based in Dallas, Texas, withmillions of components and can handle both big and small orders.
Daphne explains that Mouser has found success working with startups as they donot pressure these companies to scale up their production, as otherdistributors might.
Despite theoptimism, Vietnam remains a small domestic market, but this is forecast tochange. Vietnam’s growth rate has increased at an average rate of 6.3percent from 2000 until 2018, the article said
Withthe continued foreign direct investment from MNCs such as Samsung, LG andothers, a middle-income class is starting to emerge and with them,opportunities, it added.–VNA
