Business News

Bà Rịa-Vũng Tàu Province is attracting high-tech and environmentally friendly industrial projects, with a focus on enhancing productivity, product quality, and sustainability. It is committed to selecting investments that feature clean technologies, low labour intensity and high added value. This approach has led to the establishment of several advanced industrial facilities, including the Hòa Phát Container Manufacturing Plant in Phú Mỹ City.

Deputy Prime Minister Nguyễn Chí Dũng has signed a decision to officially establish the Bình Dương Centralised IT Zone, covering 15.47 hectares within the Bình Dương Industrial – Service – Urban Complex in Hòa Phú Ward, Thủ Dầu Một City. The zone, which will operate in accordance with Decree 154/2013/NĐ-CP, including such key functions as IT infrastructure development, support for research and development, training and the production of software, digital content and IT services.

Vietnam’s prioritised semiconductor and high technology industries are on the radar of foreign investors, especially those from Japan and South Korea. Meiko Electronics, an Apple supplier, is preparing procedures for its expanded printed circuit board (PCB) manufacturing facility in the northern province of Hoa Binh. The company aims to complete the procedures for the expansion in the second quarter and finish the construction of the expanded facility by the end of the year.

The National Financial Supervisory Commission has projected that foreign direct investment (FDI) inflows into Việt Nam will remain robust, particularly in high-value sectors such as semiconductors, artificial intelligence, digital transformation, and logistics. In its macroeconomic outlook report, the commission highlighted Việt Nam's emergence as a prime destination for investors in science and technology, especially in the semiconductor industry.

Major players in the information communication technology and consumer electronics (ICT and CE) market are aiming high in 2025 by building on the back of their 2024 performances with distinct growth strategies. FPT Retail, the retail arm of tech giant FPT Corporation, Mobile World Investment Corporation (MWG), and Digiworld Corporation are prominent representatives with unique strategies designed to capitalise on opportunities and overcome challenges.

Vietnamese tech startups raised $120 million in funding last year, representing a 38 per cent decline from the $196 million secured in 2023.

According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in the upper-middle-income group.

The past decade has seen remarkable advancements in technology worldwide, particularly in digital assets such as blockchain, cryptocurrencies, asset tokenization and decentralized finance (DeFi). Once unfamiliar, digital assets have now become integral to the global financial system. Leading nations in this field not only to drive innovation but also establish a strategic edge in the global economy.