Vietnam tech news
November 2024 snapshot
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- Vietnam: South Korea’s LG Innotek to scale up manufacturing in Haiphong with $268M in new facility investment, targeting smartphone camera modules and optical products / full item
- Vietnam: Hanoi Tax Department has rolled out an AI-powered assistant, aiming to deliver 24/7 access to information via web portal, and the Etaxmobile and Ihanoi apps / full item
“Vietnam is highly vulnerable to climate change. According to the World Bank, the country faces potential economic losses up to 12-14.5% of annual GDP by 2050…” / full item
- Vietnam: Vingroup conglomerate announces establishment of VinRobotics with a charter capital of near $41M, aiming to add to the nation’s high-tech footprint / full item
Multilateralism Index 2024
- Vietnam: Gov’t states that online retailers Shein and Temu must formally register before end-November or face having web domains and apps blocked in the country / full item
- Vietnam: ‘Driving Digital Economy Growth‘ program is announced, aiming to boost digital skills for 20M young Vietnamese, equipping them with livestream and digital marketing skills / full item
- Vietnam: Taiwan’s Foxconn subsidiary, Shunsin, looks to invest $80M in integrated circuits plant in northern Vietnam, adding to Foxconn license for $383M circuit boards facility / full item
‘Semiconductor back-end manufacturing, less capital-intensive than strategic front-end chipmaking, is dominated by China and Taiwan, but Vietnam is among the fastest-growing countries’ / full item
- Temu shopping platform meets heightened government scrutiny in Vietnam, in line with wider SEA concerns over the platform’s impact on domestic businesses / full item
- Vietnam’s VinFast EV manufacturer secures $1BN, led by UAE’s Emirates Driving Company, looking to both boost Vietnam driver training and boost UAE industrial sector / full item
- A deep dive opinion piece comparing developer costs in outsourcing tech work to India versus Vietnam / full item
Building the Australia-Asia Tech Corridor
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Lowy Institute: Asia Power Index 2024 report findings
Critical technologies: November
Full report: Critical technologies, November 2024 >
