There’s no way FIEs “voluntarily” make technology transfer; instead domestic enterprises must look for a third party for technology procurement on their own - PHOTO: LE MINH KHUE However, such target has not seemed to be achieved although foreign capital has kept flowing into Vietnam over the past 30 years. Foreign-invested enterprises (FIEs) have made a significant contribution to Vietnam’s total investment, export, job creation and budget revenue. However, FDI projects have so far mostly been related to assembly and processing projects while achieving a modest localization rate and low added value. Also, FIEs have yet to establish a close link with the local corporate circle to help the latter take part in the value chain together. Nor have them fostered the development of supporting industries in Vietnam. And in the eyes of many Vietnamese policy wonks, the technology and management experience transfer has fallen short of their expectations. … [Read more...] about Tech transfer: Falling short of expectations
Artificial intelligence algorithm
Hanoi (VNA) – The Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories) will return for the 17th edition in Ho Chi Minh City from May 21 to 24 next year. The event will be organised at the Saigon Exhibition and Convention Centre by the Ministry of Industry and Trade’s Department of Industry, the Asia Trade Fair and Business Promotion JSC (ATFA) and the K-Wellness association of the Republic of Korea. ATFA representative Ninh Minh Uyen said the upcoming event will feature more than 500 booths on 15,000 sq.m. of ground. It is expected to see a rise of 15 – 20 percent in the number of foreign participating businesses and attract 15,000 visitors. The show will keep up with the common trend of the global auto industry, which has been applying artificial intelligence (AI), robotics technology and big data to every stage of the production process in recent years. It will also zone more space for supporting industries like the … [Read more...] about 17th Saigon Autotech & Accessories slated for next May
In March 2019, the firm signed a co-operation agreement with China’s Huawei for the 150MW Onikoube solar project in Japan, according to a press release. Huawei's offering uses an artificial intelligence (AI) algorithm to improve operation and maintenance efficiency and reduce the operating costs of the plant, the company noted. Solar energy – a clean and renewable energy alternative for sunshine-rich Vietnam Its upcoming plans of penetrating the Vietnamese and Taiwanese solar energy segments also follows suit, as it targets improving utility-scale photovoltaic (PV) plants in the Asia-Pacific region. In its latest report, Thai Solar Energy Pcl.’s CEO Cathleen Maleenont said that the company was preparing the groundwork and discussing with two or three partners in Taiwan. Its neighbour, Vietnam, is also a target country into which the firm would pour investment. Currently, there are two projects in Vietnam that have appeared on the company's radar. Vietnam … [Read more...] about Thai Solar Energy eyes joint-ventures in Vietnam and Taiwan
Domestic vendors with next-generation skill sets are competing on the global stageSINGAPORE - Media OutReach - 3 December 2019 - The Industrial Technology Research Institute (ITRI), Taiwan, collaborated with Frost & Sullivan to develop a set of comprehensive case studies to showcase the region's brightest security innovators."The cybersecurity industry has a history of developing homegrown solutions in Taiwan. Government initiatives have driven awareness and the development of cybersecurity solutions in recent years. The complex and sophisticated cyber attacks nowadays are fostering specialized, homegrown cybersecurity solutions in Taiwan," said Amy Lin, Industry Analyst, Cybersecurity, Frost & Sullivan. Taiwan already has fairly wide awareness and reach in the global IT hardware industry, contributing a sizable portion of the global cybersecurity hardware appliance market. Its expertise in the world of integrated device security and competitive advantage in … [Read more...] about Frost & Sullivan: Amid an evolving global risk landscape, Taiwan vendors redefine cybersecurity innovation
It is expected that AI will make up US$15.7 trillion in the global economy. From 2020, the global GDP will grow more rapidly than the previous period, of which 50% will come from AI’s influence. In Vietnam, AI is being used in apps such as face-identification technology cameras, smartphone chatbots, self-propelling vehicles, and nano robots. However, Viet said with limited financial capability, Vietnamese enterprises should think carefully about what they need. “Vietnam may waste time on research that Google, Facebook and Microsoft have done,” he said. “Vietnamese scientists should help businesses catch up with the fourth industrial revolution,” said Nguyen Xuan Hoai, head of the Information Technology Research & Development Institute, an arm of the Hanoi University. Five or six months ago, the owner of a large seafood company came to see Hoai, The company exported US$1 billion worth of seafood products in 2017. The owner of the company said he … [Read more...] about Will Vietnam become an AI hub?