It said despite global uncertainties and shifting trade dynamics, the country has maintained its stability and robust growth. In the first half of 2024, Vietnam’s economy grew by 6.42%, making it among the 20 fastest-growing in the world.

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A strong focus on technology and innovation is helping position Vietnam as a rising force in the information and communications technology (ICT) and semiconductor industries.

CNA stressed that supported by over 70,000 tech firms, Vietnam’s ICT sector has seen significant growth, with revenues surging from 60.9 billion USD in 2016 to 154 billion USD in 2023.

Vietnam’s skilled tech professionals, coupled with its national digital transformation vision, have made the country an attractive hub for emerging talent, as well as research and development. Global tech giants such as Amazon, Samsung, Sumitomo Corporation, and Lego have established operations here to leverage the potential of advanced technologies.

The country’s strides in artificial intelligence readiness, ranking 39th globally last year, and its ambitions to become a major contributor to the global semiconductor value chain by 2045, highlight its growing technological momentum.

With free trade agreements covering 56 markets, Vietnam has become a prime destination for foreign direct investment, which rose to 36.1 billion USD last year, a 32% year-on-year increase.

Additionally, Vietnam ranked seventh in the 2023 Global Service Location Index, which measures the attractiveness of offshoring destinations. Notably, it is one of the only five countries to attract over 10% of global greenfield investment since 2017.

With a median age of 33.1 years, Vietnam’s youthful population produces 57,000 IT graduates annually, making it a major source of IT talent worldwide. Over 1 million Vietnamese work in this sector, asserting the country’s growing influence in the industry, it added.

Winners of National Technical Innovation Contest honoured

A ceremony was held in Hanoi on April 24 to honour the winners of the 17th National Technical Innovation Contest (2022-2023).

Networking event held for Vietnamese, Korean innovation firms

An investment promotion event was held in the northern port city of Hai Phong on April 15, aiming to connect Vietnamese and Korean enterprises in the field of innovation and start-up.

Vietnamese Press – Pioneering, innovation for the revolutionary cause of the Party and people

The 2024 National Press Festival in Ho Chi Minh City from March 15-17 is a grand event for journalists around the country. Hosted by the Vietnam Journalists’ Association and co-organised by the Ho Chi Minh City People’s Committee, this year’s event is the largest ever.

Bac Giang ranks 11 out of 63 provinces and cities in innovation index in 2023

BAC GIANG - The Ministry of Science and Technology on March 12 announced the Provincial  Innovation Index (PII) 2023, the first of its kind so far. Bac Giang province ranked 11th out of 63 provinces and cities nationwide.

Innovation in human resources training

The Politburo issued Resolution No. 52-NQ/TW in September 2019, providing a number of guidelines and policies on participation in the Fourth Industrial Revolution (Revolution 4.0). One of the important contents of the resolution is the goal to have the digital economy account for about 30% of Vietnam’s GDP by 2030.