Companies
High-tech transition plans reach new stage
Published
6 days agoon
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Government incentives are helping to drive a tech boom |
The National Assembly has agreed on the pilot of a number of policies that will smooth the path for sci-tech, innovation, and digital transformation activities through a new resolution.
Article 17 of the resolution underscores an incentive on financial support for constructing microchip manufacturing factories.
“The state budget will provide no more than 30 per cent of the project’s investment and no more than VND12.8 trillion ($512 million) for a small-scale semiconductor chip and high-tech manufacturing factory in service of research, design, production, packaging, and testing semiconductors presided over by the Ministry of Defence, directing Viettel to implement under the country’s semiconductor development strategy,” Article 17 stated.
This financial support shall come from the investment development capital source from the state coffers under the Law on State Budget. This policy will take effect until late 2028.
According to Article 6 of the resolution, organisations and individuals engaged in scientific research and technological development activities are exempted from civil liability when causing damage to the state in the process of performing state-funded sci-tech tasks, though they have fully implemented relevant procedures and regulations in the process of implementing such activities.
“Organisations and individuals shall not have to refund the state budget used for carrying out such tasks, with a well-prepared implementation process failing to produce desired results,” it continued.
What is more, the resolution also underlined financial support for enterprises to quickly participate in 5G network infrastructure development. Article 14 said that the state provides financial support to encourage telecommunications businesses to quickly deploy 5G infrastructure in 2025, reaching at least 20,000 5G base transceiver station (BTS) stations. This support shall come from the revenue from radio frequency licensing fees collected in the period 2024-2027.
The support level for a 5G BTS station is calculated at 15 per cent of the average equipment investment cost for a 5G BTS station implemented in 2025 by telecommunications enterprises. The number of 5G BTS stations supported is the total number of 5G BTS stations that enterprises have accepted and put into use within 2025.
Vital to add investment
The resolution is in line with the Politburo issued Resolution No.57-NQ/TW last December on breakthroughs in science and technology development, innovation, and national digital transformation. Party General Secretary To Lam stated that Resolution 57 will lay a firm foundation for the country’s robust development in the new era.
“It is crucial to invest more in science and technology, innovation, and digital transformation, and consider this a long-term strategy. We must accept delays and risks in this work,” the Party chief stated. “Innovation is a key to sustainable prosperity, with scientists holding the central role.”
Developments must be pursued in both natural and social sciences – vast and boundless domains with untapped potential, offering opportunities for intellectuals, scientists, and labourers to unleash their creativity and maximise their capabilities, he added.
In late 2024, the government began to establish utilisation of an investment support fund, demonstrating Vietnam’s commitment to fostering innovation and establishing itself as a hub for advanced technology. It will provide initial investment support and cost support, and eligible businesses may choose only one type if they qualify for both.
Enterprises investing in research and development centre projects in sectors like semiconductors and AI that meet specific criteria can receive support of up to half of the project’s initial investment costs or other levels as determined by the government.
The fund also provides financial assistance for enterprises for many kinds of costs including training and human resource development, investment in creating fixed assets, manufacturing of high-tech products, investment in social infrastructure works, and other cases as determined by the government.
Quality workforce required
According to the World Bank, the semiconductor market has been steadily increasing in Vietnam, and the country is now the third-largest exporter of semiconductors to the United States with a value of $562 million in 2023, after experiencing a 75 per cent on-year growth in exports to the country.
However, the bank also stated that in Vietnam, the limited supply of skilled workers presents a significant constraint to upgrading into more skill-intensive, higher value-added activities. The bank cited its recent surveys stating that a third of employers encounter a dearth of applicants for open positions, while 22 per cent of managers consider the greatest challenge to be finding a workforce with appropriate education.
According to the Central Economic Commission, Vietnam’s startup ecosystem ranks 56th out of 100 countries globally, while Hanoi and Ho Chi Minh City are among the top 200 global cities for innovation.
In 2024, Vietnam ranked 44th out of 133 countries on the Global Innovation Index and 71st out of 193 countries on the E-Government Development Index. The digital economy accounted for an estimated 18.3 per cent of GDP, while the digital technology industry achieved $152 billion in revenue, with hardware and electronics exports hitting $132 billion.
Last year, the total revenue of the digital technology industry is estimated to have reached $152 billion, an increase of 35.7 per cent compared to 2019. Vietnam’s value in the total revenue of the digital technology industry reaches 31.8 per cent, up from 21.35 per cent in 2019.
In 2024, Vietnam boasted five digital technology industry products ranked among the top worldwide – second in exporting smart mobile phones, fifth in computer components, sixth in computer equipment, eighth in electronic components, and seventh in software outsourcing.
According to the International Labour Organization, about 70 per cent of jobs in Vietnam are at risk of automation. Sectors affected most include garments and textiles (85 per cent at risk), wholesale, retail, and repair of motor vehicles (84.1 per cent), agro-forestry-fisheries (83.3 per cent), electronics (75 per cent), and manufacturing (74.4 per cent).
Vietnam currently has over 38 million labourers with no primary training.
Nguyen Thi Kim Thuy, National Assembly deputy Danang
Local practice in Danang has shown that in order to utilise the rapid development of science, technology, innovation, and digital transformation, especially attracting high-quality human resources to work and master new and future technologies, what is the most important is to have mechanisms to quickly invest in infrastructure. Such infrastructure works include workspaces, modern exhibition galleries, laboratories, international-standard pilot production for design and training work, building testing and packaging factories in AI and semiconductors, and biotechnology research laboratories, along with infrastructure for energy, clean water, digital infrastructure, fiber optic data centres, and 5G and 6G transmission stations. However, currently, the legal regulations do not exist or are only mentioned in general terms, especially the procedures and processes for construction investment are very cumbersome. There are also no specific technical standards, failing to meet the requirements. Hoang Minh Hieu, National Assembly deputy Nghe An province
The policy of attracting and developing high-quality human resources for the development of science and technology is a very urgent issue. To develop new sci-tech, personnel is the most fundamental issue. We are currently in critical need of high-quality workers. For example, in the IT industry, according to research by the Vietnam Software and IT Services Association, in 2025 alone, Vietnam is lacking 150,000-200,000 IT engineers, especially in such sectors as AI, big data, and cybersecurity. To have enough of this number, it is necessary to have experienced international experts to train domestic staff, but we also need foreign staff to come to Vietnam to work. Therefore, it is suggested that there must be a policy to facilitate businesses and research centres to recruit Vietnamese experts abroad and international experts to participate in training and nurturing Vietnamese talents in the country through policies, such as visa support, tax exemptions, and other policies so that they can partake in working and training in a stable and long-term manner. We need to promulgate this policy in a timely and competitive manner because currently, countries in the region have also enacted having very competitive policies in attracting high-quality people. For example, Thailand issued a golden visa policy in 2024 and Indonesia is also expected to issue a similar policy in 2025. I suggest that it is necessary to study and implement this policy immediately to promptly meet practical needs, striving to make Vietnam a destination for advanced technological knowledge of humanity. |
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Companies
Hanoi to renovate Hoan Kiem Lake area for park development
Published
12 hours agoon
March 12, 2025The renovation project will involve extensive surveys to assess key architectural landmarks, historical sites, and cultural icons that warrant preservation.
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The commercial centre building, commonly known as the ‘Shark Jaw’ (Ham Ca Map) building, at Dong Kinh Nghia Thuc Square by Hoan Kiem Lake. (Photo: VNA) |
Hanoi – Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan has requested a renovation plan for the eastern side of Hoan Kiem Lake, envisioning it as a special square and park zone.
The renovation project will involve extensive surveys to assess key architectural landmarks, historical sites, and cultural icons that warrant preservation. The aim is to propose new functions for the facilities to ensure they blend harmoniously with the area’s scenic landscape and historical significance.
On March 11, Tuan instructed the Department of Finance to swiftly establish a working group responsible for planning and revamping the Hoan Kiem Lake area, including the iconic Dong Kinh Nghia Thuc Square. It must draft a document on the investment policy for the special square and park zone and submit to the permanent members and the Standing Board of the municipal Party Committee by March 13, 2025.
To support the plan, the Department of Agriculture and Environment has been assigned to provide a detailed 1:500 scale topographic map of the area for the Hoan Kiem district People’s Committee and the Hanoi Urban Planning Institute. Additionally, the department will compile cadastral data to facilitate site clearance, compensation, and support mechanisms. Adjustments to land use plans should also be proposed to ensure seamless project implementation.
The project will also include a three-level underground space beneath the eastern side of Hoan Kiem Lake. This underground development will connect to the C9 station of the Nam Thang Long – Tran Hung Dao metro line. Measures will be taken to safeguard nearby heritage structures during the construction process, while functions for underground spaces will be proposed to optimise land use and meet public demand.
Tuan urged all departments to accelerate their proposals to execute the project. The development will unfold in two phases: the initial phase will involve the construction of the above-ground park and square using public investment, while the second phase will introduce underground facilities integrated with the C9 metro station following the Transit-Oriented Development (TOD) model.
To address the needs of displaced residents, the Department of Agriculture and Environment has been tasked with proposing maximum compensation policies. Eligible households will be offered resettlement land in the outlying district of Dong Anh. Meanwhile, resettlement housing will be sold to those not qualifying for land compensation.
In anticipation of resettlement demand, the city is fast-tracking a review of approximately 100ha of land in Dong Anh district to ensure sufficient space for resettlement efforts linked to this and other major development projects in Hanoi.
Companies
Zebra Technologies announces new strategy for 2025 in Vietnam
Published
15 hours agoon
March 12, 2025Zebra Technologies Corporation, a global leader in digitising and automating frontline workers, is looking to expand in Vietnam by anchoring on an extensive network of partners, continued investment, and a comprehensive portfolio of solutions.
The company announced its 2025 strategy for Vietnam with the three pillars at its Regional Partner Summit 2025 held in Danang on March 5, underscoring its commitment to empowering partners and customers in Southeast Asia.
Talking to VIR at the event, Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC at Zebra Technologies, said, “We are seeing significant interest and opportunities for Vietnam to leapfrog in technology adoption. We are continuing to invest in enabling our customers in Vietnam to access the right solutions. That is our primary investment.”
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Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC. Photo: PV |
“We are continuously investing in training local Vietnamese partners on how to help customers digitise and automate. This is an ongoing investment. We conduct training sessions, provide demo units, and run proof-of-concept projects,” he added.
With a comprehensive portfolio of solutions, including everything from simple scanning devices to mobile computers, tablets, RFID, and machine vision, Zebra offers tailored solutions to meet the diverse needs of businesses in Vietnam to excel in a digital era.
Suryadarma noted, “Overall, our investments focus on strengthening our presence, expanding our capabilities, and enabling knowledge transfer. We equip our team and partners with the expertise they need so that when they engage with customers, they can offer well-prepared solutions.”
Zebra now has strong partners across Vietnam, as well as Vietnamese companies operating internationally. The company also has a repair and maintenance depot in Vietnam, where it has invested in training local workers.
Zebra opened its first service centre in Ho Chi Minh City in 2021. In 2022, Zebra expanded the centre to meet rising demand for printers, adding support for desktop, mobile, label, and industrial printers. Collaborating with distributors like SMC and Elite Technology, Zebra has developed a diverse partner ecosystem in Vietnam.
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Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC at Zebra Technologies. Photo: PV |
“Vietnam is a crucial market for Zebra. Our strong team and extensive certified partner network are dedicated to delivering industry-specific solutions to our customers,” said Suryadarma. “Leveraging our global expertise and innovative solutions, we aim to support all companies operating in Vietnam, across sectors like manufacturing, retail, transportation, logistics, and healthcare, to overcome challenges and achieve digital transformation.”
The 2025 strategy shows Zebra’s long-term commitments in Vietnam. According to Zebra Technologies, its strategy is deeply linked to megatrends – external factors that shape the tech industry. These include mobility and cloud, AI, digitalisation and the Internet of Things, e-commerce, and automation.
To continue offering a comprehensive portfolio of advanced solutions, innovation is at the heart of Zebra Technologies where it invests heavily in business development and research and development. Last year, the company’s revenue was approximately $5 billion, of which it allocated about 10 per cent towards innovation.
“Innovation allows us to continuously develop new technologies and solutions that address real-world challenges. By leveraging mobility, cloud computing, scanning, RFID, and other technologies, we can provide real-time tracking and insights to meet the growing business demands of optimising workflows, improving efficiency, and enhancing decision-making,” the Zebra representative noted. “Our goal is to seamlessly connect all these elements – assets, people, and activities – through enterprise mobile computing. The more we can connect frontline workers, the better we can enhance business operations.”
Commitment to innovation has positioned Zebra Technologies as the leader in rugged mobile computing. While consumer mobile computing – laptops and smartphones – is widely used, Zebra dominates the enterprise mobile computing space, particularly in rugged devices designed for business-critical operations.
Another area where the company is very strong is data capture. Today is the era of AI. But for AI to work effectively, it needs data—clean, accurate data. As the company specialises in data capture, it is in a strong position to align with AI-driven market trends.
Along with data capture, the company is also the leader in barcode printing. Many businesses need barcode labels. These labels are used in countless industries. In Vietnam, for example, it’s becoming common in restaurants where instead of taking orders manually, customers simply scan a barcode on the table to access the menu.
Another area where Zebra holds the number one position is mobile RFID. RFID stands for radio frequency identification. This is a fast-growing business, and today, the world consumes approximately 30 billion RFID tags annually.
Key industry trends for 2025
Manufacturing, transport and logistics, and retail are the areas where Zebra is deeply involved.
Suryadarma said that manufacturing is a major industry in Vietnam. Zebra’s machine vision and AI solutions can significantly enhance manufacturing operations. He sees a lot of potential in helping businesses improve efficiency and productivity through automation and smart technology.
“We recognise the trends in this sector. Now, we are seeing many economic uncertainties, trade discussions, and shifting policies that are prompting manufacturers to focus on incremental, scalable improvements rather than sweeping transformations. Manufacturers want to automate their processes, but they are looking for cost-effective modernisation strategies. This requires new approaches and scalable automation tools for success,” he admitted.
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Zebra Technologies’ 2025 Regional Partner Summit in Danang. Photo: PV |
In transport and logistics, companies are now balancing onshore and offshore solutions while also ensuring sustainability. They would rather not generate excessive waste; instead, they want to reduce carbon footprints and implement greener supply chain practices. This shift requires greater visibility and real-time insights.
In logistics, the market sees a growing interest in AI, RFID, real-time tracking, and new visibility technologies. These are becoming increasingly important. For example, Vietnamese company Nhat Tin Logistics has implemented Zebra’s scanning solutions, improving speed, efficiency, and productivity in scanning and delivery operations.
Moving on to retail, customer expectations and labour shortages are two major challenges in this industry. This is where technology is making an impact.
“With Vietnam’s large population, retail is booming. We’re seeing a lot of automation in retail. For example, many cafés now use digital solutions – customers scan a QR code, place orders, and receive their items seamlessly. Many retailers have already adopted RFID to enhance customer experience. While we cannot disclose specific names due to customer confidentiality, we can confirm that RFID adoption is happening in Vietnam,” he added.
An example is in warehouses. When people walk into a warehouse, they do not just see shelves of products, they see workers constantly moving, picking, sorting, and delivering items. These workers are the backbone of warehouse operations. Similarly, in hospitals, nurses and doctors are on the front line, caring for patients and ensuring smooth medical operations.
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Many regional partners joined the summit. Photo: PV |
Healthcare is another key area of growth. Similar to other countries, people in Vietnam increasingly expect better healthcare services, both from government and private hospitals. Digitalisation plays a crucial role in improving healthcare efficiency.
“With nearly 8 per cent GDP growth last year, the challenge now is how to push Vietnam’s growth even further. Maybe one day, Vietnam can reach 10 per cent or even higher. It is not impossible, but it comes down to the people, the partnerships, and strong leadership across all organisations,” he noted.
Vietnam is to work with the United States on ways to reach a trade balance and circumvent the latter’s heavy tariff imposition.
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Vietnam is improving local products and origin of goods information, photo Le Toan |
Later this week, Minister of Industry and Trade Nguyen Hong Dien will fly to the US to work with its Department of Commerce on further materialising the comprehensive strategic partnership forged in 2023.
“The main reason for the trade imbalance between the two countries comes from the complementary nature of the two economies, which is due to the export and foreign trade structure of the two countries,” said Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan at last week’s governmental press conference in Hanoi.
“Vietnamese exports to the US compete with those from third nations, not directly with US enterprises in the US market. Meanwhile, they even also create conditions for American consumers to use Vietnamese goods at cheap prices,” Tan added.
According to the Ministry of Industry and Trade (MoIT), Vietnam is an open economy which pursues a free trade policy. The tariff difference on US goods is not high and may decrease in the future because Vietnam will reduce most favoured nation tariffs on many types of goods.
“Therefore, a number of US products with high competitive advantages such as automobiles, agricultural products, liquefied natural gas, and ethanol will benefit from this policy,” Tan said. “At the same time, it will create positive import flows from the US, contributing to improving the trade balance between the two.”
In addition, there is an ongoing policy dialogue on trade and investment between the two countries under the Vietnam-US Trade and Investment Framework Agreement founded in 2007. Therefore, existing problems in bilateral trade and economy, if any, will be proactively discussed through the US-Vietnam Council on Trade and Investment.
This is a mechanism that has created a common vision, contributed to the long-term direction, and stabilised the development of bilateral economic and trade relations, the MoIT said.
In addition, the Vietnamese government has taken the initiative in assigning ministries and sectors to review obstacles to the US “on the basis of fair trade, reciprocity, in accordance with the law, harmoniously and satisfactorily meeting the interests of all parties”, the ministry added.
“Vietnam will also create better conditions for US investors to participate in the process of forming and developing key industries in Vietnam, especially key energy projects involving new energy, hydrogen, and nuclear power,” Tan explained. “This will create a premise to increase imports of liquefied natural gas, fuel, machinery and equipment, and technology from the US, thereby contributing to improving the trade balance between the two countries.”
Via the US Embassy to Vietnam and the country’s counterpart in the US, the MoIT has sent a message that Vietnam wishes to maintain and develop a harmonious and sustainable economic and trade relationship of mutual benefits with the US. At the same time, Vietnam reaffirmed that it has and will never create any policy that hurts labourers or the national security of the US.
Since returning to office in January, US President Donald Trump has launched a sweeping series of tariffs, marking a return to the aggressive trade policies of his first term. The measures reflect the administration’s broader effort to protect domestic industries and address what the president views as unfair trade practices.
According to Asia Briefing, a subsidiary of Dezan Shira & Associates, as a major supplier of goods to the US, the tariffs could significantly impact Vietnamese exporters.
“It is also possible that Vietnam will become the target of country-specific tariffs, as the country has a large trade surplus with the US and has previously been accused by the US administration of engaging in unfair trade practices,” Asia Briefing said. “However, Vietnam may be able to mitigate the impact by striking a deal with the US, especially if it agrees to increase imports of American goods or ease market access for businesses from the US.”
However, Adam Sitkoff, executive director of the American Chamber of Commerce in Hanoi, told VIR that it was too early to gauge the impact of tariffs. In the past month, Vietnamese officials have repeatedly said they would seek compromises with the US on trade.
“This is likely to include promises of additional aeroplane purchases, boosting Vietnam’s imports from the US of liquefied natural gas, better market access for American agricultural products, and an adjustment of some regulations to make it easier for US companies to access the Vietnamese market,” Sitkoff said.
He suggested that Vietnam should take some necessary actions, including creation of more transparency in the origin of goods and increasing local content, and doing more to solve burdens and barriers faced by American companies and investors here.
Vietnam’s exports to the US reached $119.6 billion last year and $19 billion in the first two months of 2025.
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