Bloomberg yesterday published an article 'Silicon Valley talent is helping grow Vietnam’s startup hub', quoting founders’ opinion that inexpensive engineers coupled with a fast-growing economy makes Vietnam an attractive spot for startups.
Choosing Vietnam as its first destination in Southeast Asia, the Global Robotics Services (GRS) is ambitious about developing the market, opening its factory here, and turning the country into a robotics hub of the world.
The digital economy of Vietnam is enjoying the fastest growth rate in the Southeast Asian (SEA) region, with estimated Gross Merchandise Volume (GMV) rise by 28 percent, from US$18 billion in 2021 to $23 billion this year, thanks to the 26-percent development of its e-commerce.
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit US$15 billion this year and surpass the record the two countries set in 2021, Indian analysts have said.
The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.
According to a report by Ninja Van Group, an e-logistics company operating in Southeast Asian countries, Vietnam is the leading country with an average number of online purchases of up to 104 orders per year.
Seeing the potential in the gene decoding market in Vietnam, the Ministry of Planning and Investment has supported Vietnam National Innovation Center (NIC) to sign an agreement with Genetica Co. to establish the largest gene decoding center in Southeast Asia to serve research tasks and applications of gene decoding in Vietnam as well as the Southeast Asian region.
Japan will launch a subsidy program to encourage domestic manufacturers to transfer their overseas production bases to Southeast Asia, as the coronavirus pandemic has greatly disrupted their supply chains heavily dependent on China.
The International Energy Agency (IEA) has predicted that Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region.