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| People take part in the annual "For a Green Hanoi" cycling event on November 17 morning in Hanoi. (Photo: VNA) |
Hosted by the Hanoi Union of Friendship Organisations (HAUFO) and local authorities, the event was held at the area around Thien Quang lake in Hai Ba Trung district.
Nguyen Ngoc Ky, HAUFO Chairman, said that the authorities and people of the capital always strive to develop urban areas, protect the environment, pay attention to educating young generations, and solve issues relating to urbanisation and ecological environment.
The cycling programme is expected to raise awareness among people living and working in Hanoi about preserving a green living environment, constantly taking actions to protect the environment, and reducing air pollution, Ky said.
Palestinian Ambassador to Vietnam Saadi Salama, who is also head of the diplomatic corps in Vietnam, said that he is very impressed with the activities held by the HAUFO, including the cycling programme.
According to him, cycling through peaceful streets in Hanoi also contributes to promoting the image of the thousand-year-old capital, and its elegant and hospitable people to international friends.
On this occasion, the organisers presented bicycles to ten needy students with good studying performance in Hai Ba Trung district.
Vietnam sees opportunities to attract investments in electronics support industries
As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing, reported Vietnam News Agency.
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| Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing. (Photo: VNA) |
Attracting investment in the electronics industry can help domestic enterprises participate in the global supply chain.
The country's electronics industry spans many areas such as component manufacturing, processing and product assembly.
The increase in the number of projects and investment capital in component manufacturing shows the great potential of this market.
A Chinese investor that recently invested more than 100 million USD in electronic component production in Vietnam told Xay Dung (Construction) Newspaper that the reason it chose Vietnam is the country’s increasingly improving investment environment and quality labour force.
The most important factor for electronic component manufacturing enterprises to choose Vietnam is that it has been attracting a series of electronic enterprises such as Samsung, Apple, LG, and Intel.
Accordingly, Vietnam's electronic support industry can be a production hub in Asia.Among the items with export turnover of over 10 billion USD, phones and electronic components account for a large proportion.
The mobile phone market in Vietnam is growing strongly, with Apple recording impressive success.Apple’s major partners like Foxconn, Luxshare and GoerTek are expanding their production in Vietnam.
Foxconn has invested 1.5 billion USD and will continue to invest another 300 million USD in a new factory in the northern province of Bac Giang. Luxshare currently has six factories with about 40,000 employees, while Pegatron is expanding its project with a total investment of about 481 million USD in the northern city of Hai Phong.
Despite achievements in FDI attraction, the domestic electronics industry still depends heavily on FDI enterprises.Vietnam imports about 50 billion USD worth of electronic components every year, while the ability of domestic enterprises to participate in the global value chain is limited.
The localisation rate of the electronics industry remains low, with many products being mainly imported.Do Thi Thuy Huong, Executive Board Member of the Vietnam Electronics Industries Association (VEIA), said that domestic enterprises mainly supply products with low technological value.
To enhance the capacity of domestic enterprises, the Ministry of Industry and Trade (MoIT) has implemented many international cooperation programmes to support domestic suppliers.
The ministry has also cooperated with large corporations such as Samsung and Toyota to enhance the capacity of the domestic supporting industry. These programmes include training consultants and technical support to improve production at Vietnamese enterprises./.
Vietnam to become new market for global tech giants in semiconductor industry
Vietnam is likely to become a key market attracting major players in the semiconductor industry, especially following Donald Trump’s landslide victory in the recent US presidential election, reported VOV News.
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| Vietnam is likely to become a key market attracting major players in the semiconductor industry. (Illustration) |
Amid rising trade tensions between the US and China and geopolitical uncertainties elsewhere globally, many leading semiconductor manufacturers are considering shifting their production locations to more stable countries, and Vietnam is emerging as one of the top choices for undertaking semiconductor manufacturing projects.
Indeed, Vietnam is becoming an attractive destination for major companies in the semiconductor industry. With low labour costs, a strategic geographic location in Asia, and supportive investment incentives from the government, the country is drawing the attention of top technology corporations like Intel, Samsung, and NVIDIA.
Additionally, the increasing demand for technology and consumer electronics is driving investors to seek opportunities in this market. Following the COVID-19 pandemic, many companies are looking to diversify their supply chains to reduce risks, and Vietnam has become an appealing option in this context.
Vietnam is benefiting from the relocation of major electronics manufacturing plants from China, such as Foxconn, Samsung, and LG. This shift is driven by companies seeking more stable production environments amid global supply chain disruptions and increasing trade tensions, says Do Duc Hau, general director of Advantech Vietnam.
According to the executive, the supply chain has been reshaped into a 2.0 model, which includes the formation of eight new manufacturing regions. Southeast Asia is one of the key areas where companies are investing to establish new production hubs, with Vietnam being a preferred investment location for many major players in the semiconductor industry.
A recent Reuters report reveals several large companies are testing their production capabilities in Vietnam, especially as the government is investing in chip manufacturing infrastructure through military-run telecom group Viettel, with plans for operations to begin by 2030.
To achieve broader goals, the government is working to create an attractive business environment for chip manufacturers, offering various advantages. Concurrently, it is establishing comprehensive strategic partnerships with semiconductor powerhouses like the United States, Japan, and the Republic of Korea to facilitate investment from companies in these economies into Vietnam.
This is a unique opportunity for Vietnam to develop its semiconductor industry, leveraging these partnerships and favorable conditions to position itself as a competitive player in the global market, says Hau.
Furthermore, Vietnam has a rich and experienced labour force in the semiconductor sector, along with industrial infrastructure that meets the demands for chip production, assembly, and packaging.
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| Vietnam has formulated an ambitious plan for the development of the semiconductor industry |
The country’s semiconductor industry has actually been developing for more than 20 years, benefiting from a strong STEM (science, technology, engineering, and mathematics) resource base. Currently, there are about 40-50 companies operating in chip designing in Vietnam. The ecosystem includes more than 5,000 design engineers, who will be essential for future expansion in this field.
Despite having some semiconductor manufacturing facilities, the supply chain in the industry is yet to be fully developed in Vietnam. Many materials and components still need to be imported from abroad. The country faces challenges in developing advanced semiconductor manufacturing technology and investing in research and development that limit the industry’s ability to compete directly with more developed countries.
Although there are efforts to train engineers and experts in the semiconductor field, there remains a shortage of highly skilled and experienced personnel.
The government has recently approved the program “Developing Human Resources for the Semiconductor Industry by 2030, with a Vision for 2050.” By 2030, Vietnam aims to train and develop a high-quality workforce in the semiconductor industry, focusing on semiconductor chip design, packaging, and testing. The goal is to gradually master technology in semiconductor manufacturing, training at least 50,000 university-level professionals to support all stages of the semiconductor value chain.
By 2050, Vietnam aspires to have a strong workforce integrated into the global semiconductor value chain, capable of meeting the quality and quantity demands necessary for the growth of the semiconductor industry in Vietnam.
The solid foundation in human resources positions Vietnam well to enhance its capabilities in semiconductor design and production, enabling the country to attract more investment and expertise as the industry continues to grow.
Fine arts exhibition promotes Vietnam-RoK cultural exchange, friendship
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| A visitor at the exhibition. (Photo: VNA) |
A total of 56 works by Vietnamese and Korean artists are being displayed at a Vietnam-Republic of Korea (RoK) fine arts exhibition in Hanoi, reported Vietnam News Agency.
The exhibition, which runs until November 19, introduces 25 works by Korean artists who captured the unique culture and beautiful life in the RoK with the use of materials such as lacquer on wood, lacquer on paper, watercolors, oil paintings, ceramic sculptures, terracotta, and metal.
Meanwhile, Vietnamese artists bring to the exhibition 20 works including lacquer paintings, ink paintings, wood carvings, ceramic sculptures, and bronze sculptures.
Speaking at the opening ceremony on November 15, Permanent Vice President of the Vietnam Fine Arts Association Mai Thi Ngoc Oanh emphasised that the exhibition is an opportunity for Korean and Vietnamese artists to exchange, enhance their understanding of fine arts between the two cultures, as well as promote the solidarity and friendship between the two countries and their artists.
Director of the Korean Cultural Centre in Vietnam Choi Seung-jin highlighted the thriving bilateral relations since the two countries established the comprehensive strategic partnership on the occasion of the 30th anniversary of their diplomatic ties in 2022.
He held that culture makes Vietnam and the RoK closer and closer. The two countries are currently continuing to exchange and cooperate in a variety of fields in culture and arts, including arts, performances, traditions, cuisine, languages, cinema and popular culture.
This art exchange exhibition is an opportunity to bring people of the two countries closer together, and deepen mutual understanding, he said./.