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Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.Electronics Firms Shifting Investment to VietnamSamsung to Increase Vietnam Investment to $20BStatistics from the Ministry of Planning and Investment (MPI) show that from January 2018 to April 20, 2023, the registered FDI in Vietnam totaled 180 billion USD, equaling 40.3% of the accumulated investment capital over the last 35 years. Vietnam is becoming a new production center.According to Minister of Planning and Investment Nguyen Chi Dung, more and more multinationals and big investors have continuously invested in Vietnam.Dozens of research and development (R&D) centres, innovation hubs, and technology incubators have been established, making it easier for domestic firms, especially small- and medium-sized enterprises, to connect with foreign businesses, they noted.Source: VietnamPlus

Research from DBS, a leading financial services group in Asia, on digital transformation has found that Vietnam is among the top 10 markets in the region in the endeavor and ranks second after Singapore among the 22 markets surveyed.Vietnam's Digital Economy: ASEAN's Leading Growth | 2025 PredictionsThe top 10 markets are Australia, China, Hong Kong (China), India, Indonesia, Singapore, Taiwan (China), the UK, the US, and Vietnam. Companies in Vietnam (68%) ranked higher than the global average (64%) in taking a strategic, consistent, or radical approach to digitalizing the customer experience and engagement, according to the research.The majority of Vietnamese companies (63%) were satisfied that digital transformation was helping them achieve overall profitability, followed by providing improved customer insight (61 percent) and overall competitiveness in the market (57%), according to the research. More than half (56%) said they have been effectively using digital technology in customer service and engagement.The findings also revealed that many Vietnamese companies (35%) were in the “developing leaders” category in terms of digitalizing their customer engagement, with major potential existing for high transformation performance down the road.Source: VnEconomy

Artificial intelligence might revolutionize financial markets. Vietnam has a great chance to gain and take the lead in both development and application. Here we'll take a look at AI in Vietnam, talk about its effects there, and show you some specific examples of its usage. Is Vietnam ready to build AI? There are three main components that determine a nation's or territory's preparedness for artificial intelligence: its data infrastructure, its technology, and its governance. A government's bedrock The 2019 report from Vietnam's Ministry of Information and Communication states that there are more than 80,000 college and university graduates with degrees in information and communications technology, over 955,000 IT professionals, and more than 30,000 ICT firms of all sizes. In addition, Vietnam has become one of the most popular locations for IT outsourcing globally and the new IT center in Southeast Asia. Numerous AI applications have achieved remarkable progress in the nation due to its open economic environment and big labor pool. In an effort to foster the growth of artificial intelligence, many Vietnamese universities and research institutes have set up AI Centers of Excellence. The centers work with business partners to create AI solutions for different industries in Vietnam while also supporting and resourcing researchers. When properly implemented, AI has the potential to revolutionize corporate practices and spur economic expansion. Vietnam may be struggling to keep up with the rest of the pack when it comes to artificial intelligence, but that shouldn't stop this Southeast Asian nation from pouring resources into digital transformation. The foundation of technology The Vietnamese minister of planning and investment recently announced the creation of a digital ecosystem devoted to innovation and new technology, as well as the proposal of a national innovation center to foster technical advances and the innovative ideas of Vietnamese entrepreneurs. The data and infrastructure foundation The country has emphasized the long-term building, maintenance, and development of data infrastructure to speed up the economic growth of AI technology and make AI research, development, and application more efficient and effective. Vietnam has made great strides toward the imminent deployment of full-scale AI, with its AI readiness score for data infrastructure reaching 51.87. Difficulties presented by AI in Vietnam On the one hand, Vietnam's path has serious limitations when it comes to human resources and funding for AI research and development. Investing in AI technology is crucial for developing highly efficient and productive apps. So, it's critical that the Vietnamese government immediately provide sufficient funds for AI research. Vietnam is lacking in AI-specific human resources, as are other "rookies" in the AI race. Staffing for local AI initiatives will be challenging in Vietnam due to the need for a substantial pool of AI professionals, despite the country's superior IT labor base compared to other nations in the area and globally. World Intellectual Property Organization (WIPO) indexes show that more than 1,600 Vietnamese are engaged in AI-related fields of education or employment. Does Vietnam's AI field hold any promise for future advancements? Given the government's commitment and backing of the AI industry, we have reason to assume that Vietnam possesses all the necessary components to become an AI center quickly. If Vietnam keeps up its current level of commitment and efforts, it has boundless potential to lead the digital revolution utilizing AI. Source: Innovature BPO

The Hannover Messe 2023 exhibition is currently showcasing groundbreaking advancements in various industries, and TMA Solutions is making a significant impact with its innovative contributions. As the event progresses, TMA Solutions continues to attract attention with its state-of-the-art technologies tailored for the automotive and manufacturing sectors. Automotive Innovations TMA Solutions' presence at Hannover Messe 2023 highlights their extensive experience and expertise in developing advanced automotive applications. The company’s Automotive Software Center has been pivotal in delivering high-quality solutions across various domains, including telecommunication, wireless systems, embedded software, multimedia, mobile applications, IoT, data science, AI, and machine learning. This year, TMA Solutions has brought forward two cutting-edge sensor technologies for demonstration. The first is a motor sensor designed to enhance vehicle performance and safety by providing precise motor diagnostics. The second is an obstacle detection sensor, aimed at improving driver assistance systems and preventing collisions. These innovations underscore TMA’s commitment to advancing automotive technology and enhancing user experience. Smart Factory Solutions In addition to its automotive innovations, TMA Solutions is also presenting several advanced technologies for the manufacturing industry. The showcased technologies include: Sierra Fx30 Gateway: This highly secure and versatile industrial IoT gateway is designed to facilitate seamless and secure connectivity across industrial networks. TMA Gateway (LoRaWAN) with Semtech Chip: This gateway features long-range communication capabilities, allowing it to cover extensive areas up to hundreds of square kilometers. It supports advanced system architecture and communication protocols tailored for extensive network deployments. PLC and Altivar Schneider Systems: These components include a programmable logic controller (PLC) and an Altivar Schneider variable frequency drive, integrated with a tricolor indicator light, a touch screen display, and an IP camera. These technologies are designed to enhance operational efficiency, streamline processes, and provide real-time data analysis, making them invaluable tools for modern manufacturing environments. Technical Capabilities and Global Reach TMA Solutions is distinguished by its extensive technical capabilities and global presence. With a team of over 4,000 skilled software engineers, TMA is well-equipped to manage large and complex projects. The company's expertise spans a broad array of technologies, including AI, IoT, Big Data, Cloud Computing, and Blockchain. This diverse skill set enables TMA to offer comprehensive and tailored solutions to meet the varied needs of its clients. Furthermore, TMA Solutions boasts a robust global client network, with a strong presence in North America, Europe, and Asia. This international reach provides the company with valuable insights into customer needs across different regions, allowing it to deliver customized software solutions that align with local market demands and industry standards. Conclusion TMA Solutions' participation in Hannover Messe 2023 serves as a testament to its ongoing commitment to innovation and excellence in the automotive and manufacturing industries. By showcasing advanced technologies and leveraging its extensive expertise, TMA continues to set benchmarks for quality and performance. As the exhibition progresses, TMA Solutions remains dedicated to delivering cutting-edge solutions that drive industry advancement and enhance operational efficiency. For business owners and industry professionals, TMA Solutions' contributions at Hannover Messe 2023 offer a glimpse into the future of automotive and manufacturing technology, reaffirming the company's role as a leader in the field.

Hannover Messe, the premier global trade fair for industrial, technical, and information technology innovations, took place from April 17 to April 21, 2023, in Hanover, Lower Saxony, Germany. This prominent event gathered leading technology enterprises from around the world, including a notable presence from TMA Solutions, one of Vietnam's leading technology companies. The fair offered TMA Solutions a significant opportunity to showcase its cutting-edge solutions and to foster new business relationships with international partners. TMA Solutions’ Exhibition Highlights TMA Solutions was prominently featured at Hall 16, Booth E18, where they presented their latest technological innovations. The exhibition aimed to attract a broad audience and engage potential clients through interactive demonstrations. On the opening day alone, Hannover Messe drew tens of thousands of visitors, and TMA Solutions was well-prepared with a range of promotional materials and technological showcases. The company set up an impressive display that included pamphlets, brochures, and standees, along with advanced simulation equipment. Two specially designed demonstration suitcases were a focal point of TMA’s exhibition strategy. These suitcases were crafted to capture the attention of attendees and facilitate hands-on interaction with TMA Solutions’ offerings. Interactive Demonstrations The first suitcase showcased TMA’s smart factory solutions. Visitors were able to interact with a machine management system, which demonstrated how TMA’s technology integrates with industrial processes to enhance efficiency and control. The second suitcase featured three types of sensors: a motor sensor and two obstacle detection sensors. These demos provided a tangible experience of how TMA’s sensor technologies can be applied in various industrial contexts. The use of these demonstration suitcases allowed TMA Solutions to effectively communicate the functionality and benefits of their technologies. It also provided valuable insights into customer needs and interests, setting the stage for potential future collaborations. Engagement and Networking Opportunities Beyond the interactive demonstrations, TMA Solutions capitalized on the opportunity to engage with representatives from large-scale businesses and explore new partnership possibilities. The event was a platform for networking and discussing potential projects, offering TMA a chance to expand their global reach and enhance their business prospects. Commitment to Quality and Expertise TMA Solutions prides itself on delivering high-quality services that adhere to internationally recognized standards. The company holds certifications such as CMMI Level 5, ISO 27001, and ISO 9001, which underscore its commitment to quality and excellence. These certifications not only enhance customer trust but also differentiate TMA Solutions from competitors who may not have achieved similar recognition. Technical Capabilities and Scale With a robust team of over 4,000 software engineers, TMA Solutions is well-equipped to handle large and complex projects. Their expertise spans a diverse range of technologies, including Artificial Intelligence (AI), the Internet of Things (IoT), Big Data, Cloud Computing, and Blockchain. This extensive technical capability positions TMA Solutions as a formidable player in the technology sector, capable of delivering innovative solutions to meet a variety of client needs. Conclusion TMA Solutions’ participation in Hannover Messe 2023 was a significant milestone, showcasing its advanced technologies and reinforcing its position as a leader in the global technology landscape. The interactive demonstrations, commitment to high-quality standards, and broad technical expertise highlighted at the event reflect TMA Solutions’ dedication to driving innovation and excellence in the technology sector. As the company continues to expand its international presence, Hannover Messe provides a valuable platform for building new connections and exploring exciting opportunities in the automotive and smart factory domains.

The recent Australia-Vietnam Tech Forum, held in Ho Chi Minh City, marked a significant milestone in the collaboration between Vietnam and Australia in the field of technology. The forum, which attracted over 70 executives from 42 technology companies, showcased Australian expertise in fintech, digital transformation, and smart cities. This event highlighted Vietnam’s commitment to leveraging Industry 4.0 technologies to enhance productivity and drive economic growth. Vietnam's strategic focus on AI development Vietnam has emerged as a promising market with a large population, a government dedicated to ambitious goals, and one of the fastest-growing digital economies in the region. According to the World Bank, Vietnam’s digital sector is projected to surpass USD 200 billion by 2045, a substantial figure compared to its GDP of USD 352 billion in 2021. This growth is driven by an increase in fintech payment values, which have nearly tripled from 2017 to 2021, largely due to the boom in e-commerce. The Vietnamese government has placed a strategic focus on artificial intelligence (AI) development, aiming to position the country among the top four in ASEAN and within the top 50 globally in AI research, development, and application by 2030. This ambitious goal is supported by a national AI strategy that seeks to foster a robust environment for AI growth. Vietnamese tech firms: Growth potential and opportunities Vietnamese technology firms are well-positioned to benefit from this supportive environment. The country's digital economy is expanding rapidly, and there is significant potential for growth in various sectors, particularly fintech. The integration of Industry 4.0 technologies is expected to boost productivity and spur further economic development. The forum also highlighted the role of Australian expertise in supporting Vietnam’s digital transformation. Australia's experience in fintech and smart city development provides valuable insights and strategies that can help Vietnamese companies and the government achieve their technological goals. Australian support for ASEAN smart cities Australia has shown a strong commitment to supporting ASEAN countries, including Vietnam, in the development of sustainable smart cities. Rebecca Ball, the Senior Trade and Investment Commissioner at Austrade, emphasized that the Australian government is actively involved in creating smart and sustainable urban environments in the region. This includes the InnovationXchange program, which has allocated AUD 5 million (approximately USD 3.3 million) for a pilot project aimed at scaling high-growth potential enterprises focused on smart urbanization solutions. This initiative is part of a broader effort to support smart city development across ASEAN, enhancing urban living through advanced technologies and sustainable practices. The pilot project will provide crucial support to enterprises working on innovative solutions for smart cities in ODA-eligible cities across the region. The AI cooperation network In 2021, Vietnam and Australia established an AI cooperation network to foster collaboration between Vietnamese and Australian entities. This network brings together individuals, businesses, and organizations involved in AI from both countries to work together on various projects. The network aims to facilitate knowledge exchange and collaboration, enabling Vietnam to learn from Australian expertise and international best practices. The AI cooperation network is a significant step toward achieving Vietnam's national AI strategy goals. By creating a conducive environment for AI development, the network supports Vietnam’s aspiration to excel in AI research and application. This collaboration is expected to drive innovation and contribute to the country’s position as a leader in AI within the ASEAN region and globally. Conclusion The Australia-Vietnam Tech Forum represents a pivotal moment in the collaboration between the two countries, highlighting their joint efforts in advancing technology and smart city development. With a focus on AI and digital transformation, Vietnam is poised to leverage these opportunities to enhance its economic growth and technological capabilities. The continued support from Australia and the establishment of strategic initiatives like the AI cooperation network will play a crucial role in realizing Vietnam’s ambitious goals in the tech sector. Source: OpenGov Asia