Vietnam - A Fast Growing Tech Market

As climate change intensifies and food security becomes increasingly critical, applying artificial intelligence (AI) in Vietnam’s agriculture sector is opening up new ways to boost productivity and improve quality. AI is more than just a technological trend; it’s becoming a cornerstone for sustainable agriculture, bringing Vietnam closer to global competitiveness.AI technology is sparking innovation across farming practices. With AI-driven soil analysis, farmers can measure key factors like pH, moisture, and nutrient levels, allowing them to optimize crop care, improve yields, and boost quality. Additionally, AI supports more accurate weather forecasting, helping farmers better time their irrigation and harvests to reduce losses from natural disasters and environmental shifts.While the benefits of AI are clear, integrating it still poses challenges. Many rural and mountainous areas lack the technology infrastructure to fully access AI. To tap into AI’s potential in agriculture, there’s a need for specialized training for farmers and updated policies that support tech integration in line with industry trends.AI is quickly proving essential to modernizing agriculture. For this technology to create lasting, sustainable change, AI solutions need to be affordable and user-friendly, so farmers of all scales can benefit. By making AI accessible, we’re building a sustainable, fair agricultural future for everyone.Source: ictvietnam.vn

According to the Global Semiconductor Association (SEMI), Vietnam’s semiconductor market is projected to reach $7.01 billion by 2028, with an average annual growth rate of about 6.69% from 2023 to 2028. Vietnam is emerging as a promising destination in the semiconductor industry, driven by strong development and bright prospects.Mr. Huy Vu, Director of the National Innovation Center, highlighted that Vietnam has a tremendous opportunity to deepen its involvement in the semiconductor sector, especially as many global companies are shifting investments to Asian countries, including Vietnam, to diversify supply chains post-COVID-19.Mr. Huy Vu, Director of the National Innovation Center.At a press conference for the SemiExpo Vietnam 2024 Semiconductor Industry Exhibition, Mr. Huy noted that the Vietnamese government has been actively collaborating with leading tech corporations to develop a robust semiconductor ecosystem and a skilled workforce. The exhibition is part of Vietnam’s strategy to grow its semiconductor industry by fostering investment connections between domestic and international businesses.Linda Tan, President of SEMI Southeast Asia, emphasized that SemiExpo Vietnam 2024 is a milestone event, underscoring Vietnam’s growing role in the global semiconductor supply chain. With government support and rapid ecosystem development, Vietnam is well-positioned to make significant contributions to the global market.Source: VietnamFinance.vn

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