Vietnam’s National Healthcare digital transformation: The four key pillars of development

Digital transformation (DT) in disease prevention and healthcare, DT in medical treatment, DT in healthcare management, and an international online specialized seminar have become the four pillars of development in Vietnam’s national healthcare digital transformation program.

On the morning of October 29, 2023, the Ministry of Planning and Investment, in collaboration with the Ministry of Health, organized the “Forum on the Application of Healthcare Technology in Healthcare: Introduction and Connectivity for Innovation and Creativity Potential” at the NIC Hoa Lac campus.

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Forum “Application of medical technology in health care: Introducing and connecting innovation potential” took place at NIC Hoa Lac campus

The Minister of the Ministry of Planning and Investment stated, “Healthcare digital transformation is a global trend, and Vietnam is no exception. The Forum on the Application of Healthcare Technology in Healthcare: Introduction and Connectivity for Innovation and Creativity Potential will provide impetus for development, connectivity, and the expansion of collaboration for a healthier future for Vietnam.” This program serves as a platform for knowledge sharing among various industries and plays a crucial role in the development and progress of the healthcare sector in Vietnam.

Decision No. 749/QD-TTg by the Prime Minister on the “National Digital Transformation Program until 2025, with a Vision to 2030” prioritizes the healthcare sector as one of the leading areas for digital transformation. Additionally, Decision No. 2491/QD-BYT issued by the Ministry of Health on June 13, 2023, emphasizes the importance of implementing initiatives, building data repositories, and establishing specialized information management systems. It focuses on the development of digital healthcare platforms, ensuring infrastructure and information security to offer an entirely new healthcare experience that brings value to the people, businesses, and society.

Healthcare digital transformation is a global trend, and Vietnam is no exception. The four main areas – Digital Transformation in Disease Prevention and Healthcare, Digital Transformation in Healthcare Services, Digital Transformation in Healthcare Management, and International Online Specialized Workshops – have become the four pillars of development in Vietnam’s national healthcare digital transformation program.

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A comprehensive digital healthcare transformation roadmap based on data was presented by VinBrain at the Forum

According to Deputy Minister of Planning and Investment Tran Duy Dong, in the context of the Fourth Industrial Revolution rapidly evolving and having a profound and multi-dimensional impact on a global scale, digital transformation and innovation are becoming increasingly crucial in determining the competitiveness of every country, including Vietnam.

“Therefore, in recent times, with the role of being a pioneering agency leading activities to promote innovation and digital transformation, the Ministry of Planning and Investment has collaborated with international organizations such as UNDP, JICA, JETRO, to implement various activities to support the development of the innovation and transformation ecosystem in the field of healthcare technology,” Deputy Minister Tran Duy Dong stated.

With the aim of boosting the potential for innovation and transformation in the field of healthcare in Vietnam, the “Forum on the Application of Healthcare Technology in Health Care: Introduction and Connection of Innovative Potential” provides a comprehensive overview of critical aspects of the healthcare sector. This includes research and development of healthcare technology, healthcare system management, and related social issues.

At this forum, experienced experts in telehealth models share their practical experiences and lessons learned in applying technology to healthcare environments. They also highlight the benefits of applying artificial intelligence and advanced technology in diagnosing and treating patients. Additionally, discussions will cover proposals and solutions related to emerging trends and modern scientific applications.

Furthermore, the forum serves as a bridge to introduce and connect potential healthcare technology and digital transformation from leading hospitals, centers, research institutes, and top medical universities in the region and around the world.

Source: Tap Chi Thong tin & Truyen Thong | Link

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The semiconductor industry in Vietnam is set to “boom” from 2024

Vietnam is like a “rising star” in the global semiconductor market. There are already some Vietnamese companies involved in chip production, such as FPT Semiconductor and Viettel. It is projected that by 2024, the semiconductor industry in Vietnam will surpass the value of 6.17 billion USD. This will be the path for Vietnam to become more deeply involved in the global semiconductor chip industry.

The “golden” opportunity

FPT is expected to reach 1 billion USD from the global market in 2023. There will be many more opportunities as this leading technology company in Vietnam sets a target of 5 billion USD in the next 5 years. Among the three prominent strategies of the Group in the current phase, in addition to providing solutions in the AI technology ecosystem and the field of automotive engineering software, we cannot forget the semiconductor chip field.
Bản đồ Việt Nam được xếp từ nhiều con chip do FPT sản xuất - Sputnik Việt Nam, 1920, 31.10.2023
Vietnam’s map is assembled from many chips produced by FPT.

The demand for semiconductor chip design is incredibly high, as all modern technology devices and vehicles require them. The design phase currently accounts for about 60% of the entire semiconductor industry’s revenue. FPT is currently focusing its resources on the design aspect to delve deeper into the semiconductor field.

Despite only entering the semiconductor chip market a year ago, FPT Semiconductor has consistently received orders from businesses in South Korea, Japan, Taiwan, and the United States. This year, the company will introduce 7 new chip lines. By 2024, they will continue to design and produce IoT Platform chips for smart device applications, wearables, and IoT for agriculture, forestry, and aquaculture.

Regarding the opportunities for Vietnamese businesses in the semiconductor industry, in an exchange with Sputnik, Mr. Nguyen Vinh Quang, the Director of FPT Semiconductor, assessed that Vietnam will have advantages when entering the semiconductor chip market. If companies only design chips to follow the market trends, it will be challenging at this point. However, if they meet the customer’s specific needs and produce what they require, Vietnam will have a definite advantage.

Ông Nguyễn Vinh Quang - Giám đốc FPT Semiconductor (Tập đoàn FPT) - Sputnik Việt Nam, 1920, 31.10.2023
Mr. Nguyen Vinh Quang – Director of FPT Semiconductor (FPT Corporation)

“The opportunities will come in various areas. In terms of products, FPT is currently moving towards power chips. Apart from the power chip sector, Vietnamese companies can participate with certain advantages for development. For example, the IoT Platform chip sector is not yet highly developed. The opportunity is approaching as 5G is widely deployed in many countries, and IoT devices and smart home devices are flourishing. At that time, a large quantity of chip lines will be needed to meet this demand, with suitable cost and quality. In addition, there are other areas related to logistics and warehousing, and Vietnam can also become a hub for this sector worldwide, replacing Singapore or Hong Kong,” Mr. Quang explained.

Focusing on training and supplementing the workforce

Opportunities always come with challenges. Looking at the reality, a major barrier for the semiconductor industry in Vietnam is the shortage of IT engineers.
Vietnam has a demand for around 150,000 IT and digital industry engineers per year, with the semiconductor sector alone requiring 5,000-10,000 engineers per year, but the capability to meet this demand is less than 20%.
The shortage of over 80% of the workforce is a significant issue that needs urgent resolution. This is evident as there are more than 50 FDI companies investing in Vietnam’s electronics and semiconductor industry.
However, when it comes to the overall quality of semiconductor technical personnel, Mr. Nguyen Vinh Quang, the Director of FPT Semiconductor, believes that Vietnam’s workforce is not inferior to the rest of the world.
In particular, FPT is opening a Semiconductor Engineering program at FPT University in 2023 to supplement the high-quality workforce that is currently in short supply, with the first batch of students expected to be enrolled in 2024.
“FPT University’s approach is to collaborate with major universities worldwide to bring programs from the United States, Japan, and Taiwan to Vietnam. This is the fastest way to introduce world-standard semiconductor training programs to Vietnam, ensuring that graduates have knowledge equivalent to students in the United States and Japan. In the next three years, FPT University will also implement master’s degree programs,” shared the Director of FPT Semiconductor.

With approximately 10,000 professionals trained by FPT in this field, one-third of them will work for companies in Vietnam, while the remaining two-thirds will have their own programs abroad and the opportunity to work internationally.

By addressing the obstacles mentioned above, we will gradually attract global technology conglomerates to establish supply chains in Vietnam, making it a leading semiconductor manufacturing hub in the region.

With the quality of Vietnamese talent that can be trained to produce semiconductor chips domestically, we can gradually attract the world’s leading technology conglomerates to establish their supply chains here. When Vietnam becomes a global chip hub, job opportunities will undoubtedly increase. This path will lead Vietnam to prosperity.

Source: SPUTNIK | Link
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Quang Ninh Province: An attractive investment destination for many businesses.

Quang Ninh: Diem den dau tu hap dan cua nhieu doanh nghiep hinh anh 1

Production of frozen shrimp according to foreign export standards at BNA Seafood Joint Stock Company (Ba Che District, Quang Ninh Province).

Quang Ninh is becoming one of the destinations that attracts the attention of both domestic and international investors and businesses.

As evidence, from the beginning of this year, Quang Ninh has received and worked with nearly 100 business delegations, including 60 delegations that came to research and explore investment opportunities.

Notably, many companies with strengths in processing industries, manufacturing, modern technology, and environmental friendliness have invested in Quang Ninh.

For instance, recently, in the Song Khoai Industrial Zone (Quang Yen Town), Amata Halong Urban Development Joint Stock Company and the General Director of RENLI Vietnam Limited Liability Company officially signed a lease contract for 2.9 hectares of land to implement a project with an expected investment of 15 million USD, which is planned to be constructed in the later months of 2023.

RENLI Vietnam specializes in metal forging and the production of plastic products. It is expected to hire approximately 600 workers and commence operations at the end of 2024 or the beginning of 2025.

September 2023: Quang Ninh attracts 816.6 million USD in foreign direct investment (FDI)

Prior to that, Quang Ninh province had issued Investment Registration Certificates for 2 projects (FECV Foxconn Quang Ninh Plant and FMMV Foxconn Quang Ninh Plant) of Foxconn Singapore PTE LTD in the Song Khoai Industrial Zone (Quang Yen Town).

Both projects were granted Investment Registration Certificates within just 12 working hours from the moment the investor submitted the application online through the province’s public service portal (shortening the processing time by 14 working days compared to the regulations).

Quang Ninh: Diem den dau tu hap dan cua nhieu doanh nghiep hinh anh 2

Mr. Cao Tuong Huy, a member of the Standing Committee of the Provincial Party Committee and Vice Chairman of the People’s Committee of Quang Ninh Province, presented the Investment Registration Certificate to the representative of Foxconn Group.

The FECV Foxconn Quang Ninh Plant project covers an area of 6.3 hectares, with a total registered investment capital of 4,755 billion VND (equivalent to 200.24 million USD). The project aims to establish a production facility for electronic components, chargers, and electric vehicle charging controllers. It is expected to be completed by January 2025 and will provide regular employment for nearly 1,200 workers.

The FMMV Foxconn Quang Ninh Plant project occupies an area of 4.1 hectares, with a total investment of nearly 1,100 billion VND (equivalent to 46 million USD). The project’s goal is to produce and process components and molds for information technology and communication products. It is expected to be completed and operational by October 2024, employing over 700 workers. Both projects will utilize modern and synchronized machinery and equipment sourced from Japan, South Korea, China, Taiwan, and Vietnam.

In addition to these projects, Quang Ninh has also attracted several foreign investors since the beginning of 2023. Notably, two projects in the processing and manufacturing industry are from Autoliv Vietnam Limited Liability Company (investor from Sweden) with a total investment of 154 million USD for the production of automotive safety products for export, and a 165 million USD project from an investor from Taiwan, Boltun Vietnam, which manufactures automotive industry support products in the Bac Tien Phong Industrial Zone.

As of September 15, 2023, the foreign direct investment (FDI) attracted by Quang Ninh province reached 853.93 million USD, achieving 85.4% of the target set in Resolution No. 12-NQ/TU of the Provincial Party Committee on the theme of “Enhancing the efficiency of investment attraction and the quality of people’s lives.” Domestic and foreign investment in the provincial budget amounted to 45,372 billion VND, a 5.5% increase compared to the plan and a 33.8% increase compared to the same period last year.

Quang Ninh: Diem den dau tu hap dan cua nhieu doanh nghiep hinh anh 3

In the first 9 months of 2023, foreign direct investment (FDI) registered in Quang Ninh is estimated to exceed 816.6 million USD, making it one of the provinces and cities with the highest FDI attraction in the country.

With these positive results, the province is making concerted efforts and determination to attract more foreign direct investment projects. The goal is to strive to achieve at least 1.5 billion USD in FDI throughout the year 2023, surpassing the annual plan by 25%.

To achieve this goal, Quang Ninh is directing relevant departments, committees, and localities to focus on promoting investments with traditional markets and partners, particularly countries with advanced technology, source technology, leading supply chains, and members participating in multilateral FTA agreements with Vietnam.

The province continues to organize conferences, workshops, and trade and investment promotion events to reach out to new potential investors and groups exploring investment opportunities. Additionally, Quang Ninh is intensifying efforts to provide support and assistance in overcoming difficulties and challenges during the project implementation process through various provincial task forces.

Source: Vietnam+ | Link

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Vietnam Extends an Invitation to TSMC and GlobalFoundries, Plans to Construct Its First Wafer Plant

Reuters cites two industry insiders revealing that Vietnam is in discussions with major chip manufacturers such as TSMC and GlobalFoundries, hoping to attract foreign investments to help build its first wafer plant. While Vietnam has already made contact with wafer foundries like TSMC and GlobalFoundries, U.S. officials have issued warnings about the high costs involved.

Vietnam currently hosts Intel’s largest semiconductor packaging and testing facility globally and has several semiconductor software design companies stationed in the country. However, their goal is to attract more semiconductor investments, including wafer foundries primarily focused on chip manufacturing.

Vu Tu Thanh, the Chief Representative of the American Chamber of Commerce in Vietnam, told Reuters that in the past few weeks, they have held meetings with six American chip companies, including wafer operation firms. As they are still in the initial stages, he declined to disclose the list of companies.

An unnamed high-level source mentioned that the Vietnamese government has engaged with TSMC and GlobalFoundries with the aim of establishing Vietnam’s first wafer plant, possibly focusing on chips for applications in automobiles or electronics with relatively less advanced processes.

U.S. President Biden visited Vietnam in September, aiming to strengthen the relationship between the United States and Vietnam. Biden has described Vietnam as a potential crucial link in the global semiconductor supply chain.

GlobalFoundries stated that they were invited by President Biden and visited Vietnam during that time. However, sources have indicated that after the meeting, GlobalFoundries has not immediately expressed interest in investing in Vietnam.

U.S. officials have conveyed that the current stage primarily involves assessing the willingness of both parties and discussing potential incentives and subsidies, including power subsidies, infrastructure, and the availability of experienced labor.

The Vietnamese government has expressed its hopes to construct the first wafer plant before 2030 and announced on Monday (10/30) that semiconductor companies investing in Vietnam can receive the highest subsidies currently available in Vietnam.

Source:Yahoo 新聞!|Link

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Taiwan and Vietnam Collaborate in Constructing the Semiconductor Ecosystem

在越南總理范明正和所有主要部長的見證下,包括台灣《東南亞半導體中心》及《東南亞半導體學校》、Google、Intel和Samsung在內的十家跨國機構,28日與越南國家創新中心簽署備忘錄。圖/黃齊元提供

Under the witness of Vietnam’s Prime Minister Phan Minh Chinh and all major ministers, ten multinational organizations including Taiwan’s ‘Southeast Asia Semiconductor Center’ and ‘Southeast Asia Semiconductor School,’ Google, Intel, and Samsung, signed a memorandum with the Vietnam National Innovation Center on the 28th.

Vietnam’s semiconductor industry is making significant progress, collaborating with a host of prominent Taiwanese and international companies led by MediaTek to jointly establish a semiconductor ecosystem. On the 28th, witnessed by Vietnam’s Prime Minister Phan Minh Chinh and ten ministers, a memorandum of cooperation was signed in Hanoi, primarily focused on semiconductor-related high-tech industries. Participating companies include Google, SpaceX, Intel, Samsung, and Taiwanese entities such as the Southeast Asia Impact Alliance (SIA), ALiTech, Ennoconn, TopCo, and Marketech. The collaborative actions within this new project have garnered significant attention.

Taiwan’s Southeast Asia Impact Alliance (SIA) and Vietnam’s largest fund management company, VinaCapital, simultaneously established the Southeast Asia Semiconductor Center (SSC) and the Southeast Asia Semiconductor School (SSS). These entities will facilitate research and development cooperation in the semiconductor industry, fostering the interaction of technology, talent, and industry to construct a semiconductor ecosystem in Vietnam, bridging the gap between Vietnamese semiconductor talent and Taiwanese semiconductor companies.

Founder of the Southeast Asia Impact Alliance, Mr. CY Huang, expressed that Vietnam places significant importance on this collaborative initiative. Immediately following the signing, several major enterprises approached them to discuss talent and technical collaboration. VinaCapital serves as SIA’s Vietnamese coordinating unit, and Vietnam’s National Innovation Center (NIC) falls under the Investment Department’s plan, with a status similar to Taiwan’s Ministry of Economic Affairs. VinaCapital will work towards establishing SSS and SSC at NIC. As for the Hoa Lac Hi-Tech Park, it is Vietnam’s most advanced high-tech park, having signed a strategic alliance with Taiwan’s Hsinchu Science Park.

SIA recently organized the ‘Taiwan-Vietnam Semiconductor Summit’ at the end of September in Hanoi. Mr. CY Huang emphasized that, due to political factors, Vietnam cannot formally sign high-level cooperation agreements with Taiwan, making this initiative led entirely by civil organizations. This has attracted announcements of investment plans in Vietnam from companies including Synopsis (U.S.), Marvell, and Hana Micron (South Korea), while Taiwan holds a leading position in the semiconductor industry but is relatively behind in terms of this particular expansion.

During the previous ‘Taiwan-Vietnam Semiconductor Summit,’ Taiwanese participants confirmed the advantages of the Vietnamese industry, particularly the local talent pool. Surveys indicate that Vietnam, with its population of 100 million, currently has only 5,000-6,000 hardware engineers trained in the semiconductor industry. It is expected that the industry will require 20,000 engineers within five years and 50,000 within ten years. Huang Qiyuan noted that Vietnamese students studying in Taiwan are the largest group of foreign students, primarily majoring in science and engineering. Vietnam’s National University (VNU) also participated in signing the memorandum of understanding (MOU), and it is expected that future Taiwan-Vietnam cooperation in terms of talent will drive the next wave of growth.”

Source:Commercial Times |Link

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Pham Nhat Vuong to Offload $1 Billion in VinFast Shares to US Investment Fund

VinFast (stock symbol on Nasdaq: VFS) has recently announced the signing of an agreement with the YA II PN Fund (Yorkville) regarding the purchase of VFS common shares.

Under this agreement, VinFast will have the right to request Yorkville to purchase up to $1 billion worth of VFS common shares at any point within the 36-month term of the agreement.

Tỷ phú Phạm Nhật Vượng sẽ bán 1 tỷ USD cổ phiếu VinFast cho quỹ đầu tư Mỹ? - 1

VinFast logo at an event in Los Angeles, California (Photo: Vingroup)

Yorkville Advisors is noted to be a US-based investment management fund with over 20 years of experience in investing in publicly traded companies. Their investment criteria focus on the management team, fundamental aspects of businesses, and stock market trading indicators.

In a press release issued, VinFast, represented by Mr. David Mansfield, the Chief Financial Officer of VinFast, stated that the new capital infusion provides the company with flexibility and proactive access to funding to further expand its global business operations and enhance the liquidity of the company’s stocks.

“We will continue to assess optimal sources of capital from the international capital market to support VinFast’s ongoing development,” a representative of the automotive company remarked.

At VinFast, the majority of shares still indirectly belong to Mr. Pham Nhat Vuong.

In the information disclosure, following the merger with Black Spade, VinFast Auto’s total outstanding shares amount to over 2.3 billion shares. Among these, Vingroup owns 51.36%, two investment companies belonging to Mr. Pham Nhat Vuong, namely Vietnam Investment Group Joint Stock Company (VIG), own 33.37%, and Asian Star Trading & Investments Pte. Ltd owns nearly 15%. The remaining shares constitute a small portion held by other shareholders.

At the end of April, Mr. Pham Nhat Vuong announced a donation of up to 24 trillion Vietnamese dong (equivalent to 1 billion USD) to VinFast from his personal assets.

In conjunction with Mr. Vuong, Vingroup Group, founded by Mr. Vuong, also pledged non-refundable sponsorship of up to 12 trillion Vietnamese dong (equivalent to 500 million USD) and extended a loan of up to 24 trillion Vietnamese dong (equivalent to 1 billion USD) to augment resources for VinFast’s global growth objectives.

On the US stock market, VFS shares are currently priced at 5.69 USD per share (closing price on October 19th).

Source: Báo Dân trí | Liên kết

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Hung Yen Province Ranks Among the Top 10 Regions with the Highest FDI Inflows Nationwide

According to the Foreign Investment Agency (Ministry of Planning and Investment), from the beginning of 2023 to September 20, 2023, Hung Yen Province ranked 10th in the country in terms of attracting foreign direct investment (FDI), with nearly 700 million USD, a 34% increase compared to the same period, and nearly equaling its FDI attraction for the entire year of 2022 (747 million USD).

Therefore, from 2014 until now, this is the first time that Hung Yen Province has entered the Top 10 provinces and cities attracting the highest FDI in the country.

Hưng Yên lọt Top 10 địa phương thu hút FDI cao nhất cả nước - Ảnh 1.

The production of export-oriented garments and textiles takes place at Kydo Vietnam Co., Ltd., which has Korean investment capital, located in the Pho Noi A Industrial Zone in Hung Yen

According to the Management Board of Industrial Zones in Hung Yen Province, as of now, the total number of foreign investment projects in the province is 531, with a registered capital of approximately 6.7 billion USD. Foreign investors hail from various countries and regions, with Japan leading the way, boasting 173 projects and a total registered investment capital of over 4 billion USD.

Presently, 169 FDI projects from Japan are operational in Hung Yen, with a total realized investment of approximately 3.258 billion USD, generating employment for around 45,000 workers and contributing about 1.407 billion VND to the state budget in 2022. In the first six months of 2023 alone, they contributed around 880 billion VND, equivalent to 38.2 million USD.

Hung Yen Province currently hosts 17 operational industrial zones covering an area of over 4,400 hectares. Notably, the Thang Long II Industrial Zone, led by the Sumitomo Group (Japan) and spanning 345.2 hectares, is a prime example of the province’s success in attracting FDI. To date, this industrial zone has received more than 80 foreign investment projects with a total registered capital of over 3 billion USD. Especially, the Thang Long II Industrial Zone has received government approval to expand by an additional 180.5 hectares, increasing its total area to 525.7 hectares. This expansion facilitates the attraction of more FDI investors.

Additionally, there are several large-scale investment projects within the province’s industrial zones, such as the Hoya Project with a total capital of 214 million USD, the Nippon Mektron Project with 300 million USD, Kyocera projects with 385 million USD in total investment, and the Toto Project with an investment capital of 403 million USD.

Chairman of the Hung Yen People’s Committee, Tran Quoc Van, mentioned that Hung Yen’s advantageous geographical location in the heart of the Red River Delta, proximity to Hanoi, and excellent economic and social infrastructure, transportation, commercial trade, services, logistics, as well as its convenient connectivity to Noi Bai International Airport, Hai Phong International Port, and major economic, commercial, and industrial centers nationwide contribute to its rapid development.

Notably, the province possesses an abundant labor force, with over 700,000 people of working age, primarily young and more than 50% of whom have received training. Moreover, the province has enacted numerous preferential policies to attract investment and provide support to businesses, facilitating their growth. These factors have made Hung Yen an attractive destination for foreign businesses.

The plan is to further increase the number of industrial zones in Hung Yen to 30 with a total area of 9,540 hectares by 2030. In addition, there will be 25 industrial clusters with an area of over 1,200 hectares and a projection to increase to 52 industrial clusters covering 3,000 hectares by 2030.

Source: CafeF | Link

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TST Group’s New Vietnam Factory Set to Commence Production in the Next Quarter

TST Group’s – KY (4439) to Commence New Vietnam Production Capacity in 1Q 2024, Anticipating Recovery of Key Customers and Operational Rebound. TST Group-KY announced that the new Vietnam facility is expected to undergo trial runs by the end of this year and officially commence production in the first quarter of next year. Initially, it will add 500,000 pounds of production capacity per month, with the monthly capacity expected to reach 1 million pounds by the end of the year. This will contribute to a 25% increase in overall in-house production capacity next year compared to this year, and the ratio of in-house to outsourced production capacity will also shift from 7:3 this year to 8:2 next year.

冠星越南新廠下半年拚量產,自有產能今年續拉升| MoneyDJ理財網| LINE TODAY

TST Group-KY stated that industry visibility currently extends through the first half of next year, with customer demand maintaining a gradual recovery. In light of this, the new production capacity scheduled for next year will also be scaled up on a quarterly basis, with an estimated monthly capacity of 1 million pounds by year-end. The maximum monthly capacity of the first phase of the new facility can reach 3-3.5 million pounds, and plans for the commencement of the second phase will be based on market demand.

TST Group-KY’s fourth quarter typically experiences a seasonal downturn, and based on past experience, revenue is expected to decline by approximately 10% compared to the third quarter.”

Source:聯合新聞網 |Link

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Loosen the High-Quality Semiconductor Chip Industry Workforce Constraint

Bộ trưởng Bộ Giáo dục và Đào tạo Nguyễn Kim Sơn (trái) chủ trì hội thảo - Ảnh: ĐOÀN NHẠNMinister of Education and Training Nguyen Kim Son (left) chaired the workshop

On October 19th, the Ministry of Education and Training organized a High-Quality Workforce Development Seminar for the semiconductor chip industry, involving higher education institutions in Vietnam, at the University of Danang in Danang City.

The seminar was presided over by the Minister of Education and Training, Mr. Nguyen Kim Son. The event had the participation of representatives from the Ministry of Planning and Investment, the Ministry of Science and Technology, the Ministry of Information and Communications, and leaders from Danang City.

The seminar attracted the involvement of representatives from nearly 40 higher education institutions in Vietnam. These are institutions known for offering large-scale programs relevant to fields closely related to semiconductor chip design.

Furthermore, there was also the participation of representatives from domestic and international companies operating in the semiconductor chip design field, such as Intel Corporation, Synopsys Vietnam, Cadence, Qorvo Vietnam, Viettel High-Tech Industries Corporation, VNPT Technology Vietnam, and several experts in the semiconductor industry.

During the seminar, Mr. Hoang Minh Son, Deputy Minister of Education and Training, pointed out that the shortage of high-quality human resources, especially in the high-tech sectors, is a significant bottleneck in attracting large technology corporations to shift their investment in research, development, and production to Vietnam.

Thứ trưởng Bộ Giáo dục và Đào tạo Hoàng Minh Sơn thông tin sự thiếu hụt nguồn nhân lực chất lượng cao, nhất là trong các lĩnh vực công nghệ cao - Ảnh: ĐOÀN NHẠN

Deputy Minister of Education and Training Hoang Minh Son informed about the shortage of high-quality human resources, especially in high-tech fields.

Especially, since the establishment of the Comprehensive Strategic Partnership with the United States in September last year, significant opportunities for cooperation in the development of high-tech sectors such as artificial intelligence, semiconductor technology, new energy technology, etc., have opened up. However, the practical implementation is currently facing substantial challenges due to the shortage of human resources, both in terms of quantity and quality.

The primary cause of the high-quality workforce shortage in high-tech fields lies in the inherent dynamics of supply and demand within the education and labor market relationship.

The semiconductor industry, including microelectronics, represents a highly promising sector in terms of future high-caliber, high-quality workforce demand. Like many other high-tech sectors, the semiconductor industry necessitates significant investments and imposes specific requirements on the availability of skilled human resources.

Mr. Son mentioned that the Ministry of Education and Training is currently formulating an industry-wide action plan to stimulate the implementation of training programs and rapidly enhance both the quantity and quality of high-quality human resources, particularly in the semiconductor field, including microchip design engineers.

Hội thảo thu hút sự tham gia của đại diện gần 40 cơ sở giáo dục đại học của Việt Nam - Ảnh: ĐOÀN NHẠN

The conference attracted the participation of representatives of nearly 40 Vietnamese higher education institutions

At the seminar, Assoc. Prof. Dr. Nguyen Duc Minh, representing the Hanoi University of Science and Technology, stated that Vietnam currently has 5,000 engineers, with an annual demand growth of 10-15%. This demand is primarily for design engineers (physical, layout) and testers (DV).

It is forecasted that by 2024, Vietnam’s semiconductor industry will surpass a value of 6.16 billion USD. To maintain a production facility similar to TSMC, approximately 60,000 skilled personnel are required. In 2023, TSMC needs to hire an additional 6,000 semiconductor production engineers. Samsung already employs around 10,000 R&D engineers as of 2021. Vietnam’s semiconductor industry requires 10,000 engineers annually.

Mr. Minh presented market forecasts from Deloitte, Nikkei Asia, Time News, and KED Global. These sources indicate that 65% of the semiconductor microchip industry market share is dominated by five countries and regions: the United States, Taiwan, China, South Korea, and Japan. These nations and territories are involved in both design (accounting for 50% of added value) and production (contributing 30% of added value) phases.

Key Takeaways:

The seminar aims to unify, enhance awareness, and foster determination to collaboratively act among top universities, with the interest, investment, and policy framework development of the state, and the active participation of local authorities and businesses. This collective effort will boost the training of high-quality human resources, serving the development of the country’s semiconductor chip industry.

Source: 聯合新聞網 |Link

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Increasing Demand for Southeast Asian Tourists Leads to a Shortage of Tour Guides

疫後邊境開放,東南亞團客增加,但泰語、越南語等導遊卻供不應求。圖為菲律賓與越南的團客。記者杜建重/攝影

疫後邊境開放,東南亞團客增加,但泰語、越南語等導遊卻供不應求。

After a year of border reopening post-pandemic, the tourism trade deficit continues to widen, impacting not only tour guides serving foreign tourists but also group leaders leading tours abroad, and it varies by language. Chairman Hsu Guan-bin of the Taiwan Tour Guide Association explained that although the post-pandemic tourism market appears to be recovering, it is uneven. Mandarin and Japanese language tour guides, which make up the majority, are experiencing a decline in group bookings this year, while Thai and Vietnamese language guides are in high demand.

According to statistics from the Tourism Bureau, as of September this year, there were a total of 46,687 tour guides in Taiwan, specializing in 15 different languages. Mandarin language guides were the most numerous, with over 35,000, followed by English with 7,281, Japanese with 4,102, Thai with 174, and Vietnamese with 168.

Chairman Hsu Guan-bin of the Taiwan Tour Guide Association pointed out that Mandarin language guides have traditionally served mainland Chinese tourists, Hong Kong and Macau visitors, as well as Malaysian and domestic tour groups. With mainland Chinese tourists not yet allowed to visit, approximately 85% of Mandarin language guides are without work. The significant reduction in Japanese tourists has also affected Japanese language guides, whose workload remains more than 50% lower than pre-pandemic levels. In contrast, English language guides have benefited from the recovery of European and American travelers in the second half of the year, as well as the revival of cruise tourism, and their workload has returned to 75-80% of pre-pandemic levels.

While some language guides are struggling to find work, the post-pandemic recovery of Southeast Asian tourists has led to a strong demand for Vietnamese and Thai language guides. To accommodate a larger number of tourists in the coming year, it is recommended to increase the quota for less common languages in tour guide certification and even expand the training of guides in additional languages.

Lee Chi-yueh, Chairman of Innovate Travel, mentioned that although group leaders have seen a quicker recovery compared to tour guides, Mandarin group leaders are still struggling due to the unopened mainland Chinese market. In addition, there is a consistent shortage of Korean language guides, both pre-pandemic and post-pandemic. English language guides often work part-time as group leaders or lead tours to Southeast Asian destinations.

Some industry observers note that overall inbound tourism has only recovered about 30%, and in terms of major markets, Vietnam has not only recovered but has exceeded pre-pandemic group levels. For instance, Cola Travel has discovered that the post-pandemic Muslim market is a new opportunity for Taiwan’s tourism industry, as tour groups tend to seek travel agencies for arrangements due to dietary factors. The number of people coming to Taiwan is showing remarkable growth and continues to be promising.”

Source:聯合新聞網 |Link

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