Vietnam News
The Zei: An eight-year architectural battle beneath the surface
In 2019, The Zei stood out as the only project to win both the Best High-End Condo Development in Hanoi award and a top-five ranking for Best High-End Condo Architectural Design, as recognized by PropertyGuru Vietnam.
Designed by Finko Architect, the project marked a defining moment for a firm with global ambitions. Founded in Berlin, Finko debuted through collaborations with DA Group New York, DA Group South Korea, and Aedas VN. After establishing its reputation in Vietnam, the firm is now positioning itself on the international stage.
Behind Finko Architect stands Mr. Nguyen The Phuong - also known as Phuong DA, Phuong Aedas, and Phuong Finko. Without a website, marketing gimmicks, or self-promotion, he follows a singular mission laid out in a 10-year plan: Go for extraordinary Vietnam. His writings and interviews, published regularly, offer insight into an architectural philosophy that extends far beyond buildings. Culture, society, economics, geography, and technology are treated as intangible values that extend beyond real estate. The phrase “extraordinary Vietnam” may sound ambitious, but it is grounded in a simple idea. “Extraordinary” is not about excess, it is about going beyond the ordinary. The Zei is a clear expression of that belief.
Between 2010 and 2012, Mr. Nguyen The Phuong and DA Group were involved in several Hanoi projects, including Riverside Mipec, Golden Palace, and Ha Do Parkview - developments that reflected strong Western influences and, at times, overt architectural flamboyance. By contrast, The Zei demonstrates a decisive shift. Designed by Finko Architect, it embodies the principle that “simplicity is the ultimate sophistication,” resulting in a calm, refined, and nearly timeless architectural language.
In many ways, The Zei is deliberately “un-Hanoi” and “un-Vietnamese” in terms of conventional regional expression. It avoids neo-classical references and the creamy color palettes favored by the city. Instead, the building is defined by strong geometric lines and an efficient H-shaped floor plan. While its overall character is distinctly “German,” the interior avoids coldness or monotony.
The facade moves beyond a purely mechanical language. Horizontal and vertical lines form a disciplined framework, punctuated by diagonal cuts and abstract color blocks, particularly visible at the podium and the top three levels. A unified, elegant composition emerges, highlighted by snowflake-inspired triangular patterns - an unprecedented detail in local apartment architecture. This uniqueness, however, comes at a cost. Its departure from established norms challenges public acceptance and demands unconventional construction methods, increasing complexity and expense.
Architecture broadly operates across two domains: commercial and residential. In both, lifestyle, aesthetics, and local market demand are top priorities. From an investment perspective, uniqueness is rarely welcomed in commercial housing. Efficiency, repetition, and modularity are favored, allowing projects to be replicated with minimal risk. Rotated blocks, standardized layouts, and construction-friendly designs serve the interests of designers, contractors, and investors alike.
This mindset is neither new nor uniquely Vietnamese. Throughout history, innovation has often faced resistance. Even Zaha Hadid operated her practice for decades on a teaching salary before gaining widespread recognition. New ideas, even when valid, require time and persistence to gain acceptance. Investment logic prioritizes the comfort zone, while Finko Architect operates outside it. Reconciling these two approaches remains a central challenge.
Finko’s refusal to take the easier path is what makes The Zei particularly compelling. “Our design strategy is based on the needs and desires of the residents, not the developer's personal preferences.” Such a statement is uncommon, especially in Vietnam, where developers are often regarded as the ultimate arbiters of architectural decisions. The widely accepted principle that “the customer is always right” underpins global practice. Finko’s stance, therefore, appears almost counterintuitive.
The finished project presents an image of class and elegance. Yet the process behind it was far from smooth. Were there moments of deadlock? Disappointment? Irreconcilable differences between “ordinary” and “extraordinary”?
Renowned architect Norman Foster once observed, “I describe the design process as the tip of the iceberg. What you don't see is the long haul, all the endless auditing and things like that.”
The Zei is the result of an eight-year battle.
A review of Finko’s design presentations and the project’s launch reveals that the “extraordinary” he seeks is neither abstract nor unattainable. It is simple, functional, and enduring. What makes it special is not excess, but attention - attention to life as it is lived. Mr. Nguyen The Phuong’s adoption of a reverse strategy, reminiscent of Elon Musk, was deliberate. Visual spectacle that compromised user experience was never an option.
Rather than relying on eye-catching forms, the design begins with fragments of everyday life. These fragments shape circulation, openings, and spatial relationships. The architect considers how different people inhabit the building: a child playing in a hanging garden, an elderly resident meditating on a breezy rooftop, a man waiting for the elevator after work, a mother preparing dinner. From single occupants to multi-generational families, introverts and extroverts alike, everyone finds a place. Safety and privacy are preserved without isolation.
The drawings accompanying The Zei capture these moments - residents, visitors, workers - portraying life in motion. Finko Architect’s philosophy is clear: design for each step. While this may appear idealistic, it is ultimately a labor of commitment and care.
As Aristotle noted, “The pursuit of knowledge leads to understanding, and understanding leads to wisdom.”
Understanding daily life means acknowledging routines, concerns, and overlooked labor - from parents and children to sanitation workers and business owners. Architecture, in this context, becomes an act of careful calculation and empathy. The focus shifts from constructing buildings to what Mr. Nguyen The Phuong describes as “sculpting lives.”
An examination of Finko Architect’s recent projects, including Crystal Place Bien Hoa and the Charm Long Hai BRVT resort, reveals consistent perseverance. In an industry drawn to surface-level glamour, Finko chooses to engage with the raw realities of living. His belief that “The beauty of architecture comes from the function and purpose of the building” (project presentation) and that “Identity lies not in form but in consciousness” (speech at the 1,000th anniversary of Hanoi) stands apart in a trend-driven environment.
Mr. Nguyen The Phuong’s work on The Zei reflects a broader ambition - to pursue authentic, thoughtful architecture with lasting impact. As Tadao Ando once said: “Creation is fighting. Designing architecture is a battle. I have to move forward, always one step ahead. Otherwise, you lose.”
That battle, as The Zei demonstrates, can be worth fighting - not only for architects, but for investors, cities, and Vietnam’s architectural future.
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PM chairs first meeting of Steering Committee for IFC
Prime Minister Pham Minh Chinh chaired the first meeting of the Steering Committee for Vietnam’s International Financial Centre (IFC) on January 16, reviewing the implementation of the Politburo’s conclusions and directives, as well as plans to build, operate and develop the IFC in Ho Chi Minh City and Da Nang.
The meeting also examined proposals on special mechanisms and policies, working regulations of the IFC Executive Council, and operating regulations for the IFC in Vietnam.
To ensure the IFC operates effectively, it is necessary to create a comprehensive ecosystem, in which institutions are key, people are at the center, infrastructure is the foundation, governance is the breakthrough, and market confidence is a prerequisite, according to the PM.
The establishment of the IFC in Vietnam was announced on December 21, 2025. It is expected to be among the world’s top 75 financial centres and the top 25 in the Asia-Pacific region by 2035.
VnEconomy-Tùng Thư
ACV assigned as investor of Phase 2 of Long Thanh airport
The Ministry of Construction has assigned the Airports Corporation of Vietnam (ACV) as the investor for Phase 2 of the Long Thanh International Airport in southern Dong Nai province.
ACV is responsible for implementing Phase 2 of the project, except for aviation operational technical infrastructure, which will be invested in by Vietnam Air Traffic Management Corporation.
It is assigned to prepare the feasibility study for Phase 2, including phased investment to meet operational demand.
ACV is required to ensure adequate funding for Phase 2 construction works, guarantee quality, progress and investment efficiency, and safeguard and enhance state capital.
As projected, the phase 2 will involve building a runway, an additional passenger terminal with a capacity of 25 million passengers per year, and synchronous auxiliary items.
VnEconomy-Đan Tiên
National strategy on rare earths under discussions
At a meeting of standing Government members in Hanoi on January 17, under the chair of Prime Minister Pham Minh Chinh, a National Strategy on Rare Earths has been discussed.
The standing cabinet members also looked into a draft Government resolution on mechanisms to remove difficulties and obstacles for transitional BT (build-transfer) projects, a draft decree detailing the handling of obstacles related to BT transport projects, and several other issues.
Regarding the development of the National Strategy on Rare Earths, PM Chinh was quoted by the Vietnam News Agency as emphasizing the need to strengthen state management in this field and to develop the rare earth industry, contributing to strategic autonomy.
He highlighted tasks and solutions including building and improving institutions, mechanisms, and policies, with priority given to deep processing; financial investment and mobilization of state resources, public-private partnership resources, and investor capital; infrastructure construction and development; transfer and mastery of advanced and appropriate technologies; promotion of public-private cooperation; and smart governance based on digital transformation.
The Prime Minister requested the Ministry of Agriculture and Environment, together with relevant agencies, coordinate, absorb the opinions raised at the meeting, and finalize the drafts, reports, and proposals for submission to the competent authorities for consideration and feedback.
About mechanisms to address difficulties and obstacles for transitional BT projects, the Prime Minister instructed the Ministry of Finance and relevant agencies to incorporate feedback, finalize and submit the Government resolution for issuance under expedited procedures.
He stressed the requirement to comply with and properly apply regulations, laws, and authorities; and to harmonies interests and share risks among the State, businesses, and the people; and, on that basis, to review and handle projects that have already received inspection conclusions.
For projects without inspection conclusions, provincial-level People’s Committees are tasked with conducting inspections and handling them within their authority, in the spirit of “localities decide, implement and take responsibility,” according to the PM.
Ministries and sectors are to carry out their tasks within their mandates; if issues exceed their authority, they should report to the Government and the Prime Minister, he noted.
VNA-Van Nguyen
Vietnamese passport jumps 5 places at Henley Passport Index
The Vietnamese passport is currently ranked 86th in the world, up five places compared to 2025, the Government News quoted the newly released Henley Passport Index (HPI) as reporting.
With this latest ranking on the HPI, the Vietnamese passport has achieved its highest position since 2021. Vietnamese citizens can now enter 49 destinations either visa-free or with a visa on arrival, ETA (Electronic Travel Authorization), or e-visa.
These destinations include ASEAN countries, as well as Barbados, Belarus, Chile, the Cook Islands, Dominica, Iran, Kazakhstan, Kyrgyzstan, Micronesia, Mongolia, Panama, Rwanda, St. Lucia, St. Vincent and the Grenadines, Suriname, Burundi, Cape Verde, the Comoros, Djibouti, Guinea-Bissau, Jordan, Madagascar, Malawi, the Maldives, the Marshall Islands, Mauritius, Mozambique, Namibia, Nepal, Niue, Palau, Samoa, Sierra Leone, Tajikistan, Tanzania, Tuvalu, Kenya, Seychelles, and Sri Lanka.
VGP-Pham Long
Quang Trung campaign: 1,597 new houses completed for residents
Under the "Quang Trung Campaign" all 34,759 damaged houses have been repaired as of December 30, 2025. and the construction of all 1,597 houses requiring complete rebuilding was also essentially finalized by January 15.
This information was released by the Ministry of Agriculture and Environment during a conference on January 16, chaired by Prime Minister Pham Minh Chinh, to review the "Quang Trung Campaign", a lightning-speed effort to rebuild and repair housing for residents affected by recent natural disasters and floods in Central Vietnam.
Between October and November 2025, Central Vietnam faced extreme weather events, including storms No. 10, 12, and 13, along with prolonged heavy rains. These led to historic flood levels across six major river systems, causing severe loss of life and property. Specifically, 1,597 houses were collapsed, destroyed, or swept away, and 34,759 others were heavily damaged. In response, the Prime Minister launched the Quang Trung Campaign with the urgent goal of completing all housing repairs and reconstruction before the 2026 Lunar New Year (Tet).
Speaking at the conference, PM Chinh stated "As of today, we can confidently affirm that although the 'Quang Trung Campaign' involved no gunfire, it was a 'swift battle and a swift victory'—and not just a victory, but a resounding one. This is not only a source of joy and happiness for the households who lost their homes in the recent disasters in our beloved Central region, but a collective joy for the entire country and the nation on the threshold of the 14th National Party Congress and the Lunar New Year holiday."
Upon the campaign's conclusion, the Ministry of Agriculture and Environment proposed that the Prime Minister direct ministries, sectors, and localities to research, review, and standardize the organizational model of the Quang Trung Campaign for application in future emergency situations.
Minister Tran Duc Thang recommended that the PM direct a review to perfect mechanisms and policies supporting the construction and repair of disaster-resilient housing, particularly flood-proof homes for residents in frequently affected areas.
He also encouraged the adoption of safe design templates that align with natural conditions, local customs, and the financial capacity of the people.
Furthermore, the Minister emphasized the need to continue allocating resources from the central budget while creating mechanisms to effectively mobilize social resources from businesses and domestic and international organizations. These efforts aim to stabilize the lives of the people in a manner that is public, transparent, timely, and effective.
Vneconomy-Chu Khôi
International Travel Expo set to open in HCM City in August
The 20th International Travel Expo Ho Chi Minh City (ITE HCMC 2026) is scheduled to take place in the southern metropolis from August 27 to 29, according to a report from the Vietnam News Agency.
The expo will feature key activities including on-site and online exhibition booths; a digital business-to-business (B2B) buyer–seller matching programme; Vietnam Night; and programs for international buyers and media representatives, according to the Vietnam National Authority of Tourism (VNAT).
On the sides of the expo, forums and thematic seminars introducing key source markets and emerging tourism trends; and a tourism consumer festival will also be held.
The exhibition space will be expanded to allow more professional and modern product displays, B2B networking and tourism promotion.
Participating units are encouraged to promote digital exhibition models and apply information technology to create a modern experience for businesses and visitors.
VNA-Van Nguyen
Da Nang airport breaks ground on new international cargo terminal
Da Nang International Airport held a groundbreaking ceremony for its new cargo terminal project on January 16.
As Da Nang’s economy continues to grow robustly, particularly in the tourism, trade, and service sectors, the demand for air freight has risen sharply. However, the airport's existing infrastructure has become overloaded and is no longer able to keep pace with this increasing demand.
With a total investment of VND631 billion ($24 million) and a design capacity of 100,000 tons per year, the new cargo terminal serves as a timely and essential solution to these logistical bottlenecks.
The construction of this facility not only addresses current transportation needs but also opens up significant opportunities for Da Nang to integrate more deeply into global supply chains and logistics networks.
Covering an area of more than 2.4 ha, the terminal will feature modern infrastructure, including advanced environmental treatment systems and auxiliary facilities that meet international standards.
This development is expected to enhance aviation logistics capacity, provide strong support for import-export activities, attract foreign investment, and foster the growth of free trade zones.
Speaking at the ceremony, the Chairman of the City People's Committee, Pham Duc An, emphasized the project's vital role in boosting the competitiveness of Da Nang International Airport.
"Once completed, the terminal will accelerate import-export growth and attract investment, particularly in high-value-added economic sectors," said Mr. An.
"This project is a key component of the strategic vision to transform Da Nang into a logistics hub connecting the Central Key Economic Zone and the East-West Economic Corridor."
Vneconomy-Ngô Anh Văn
Hue approves $84 mln bridge project across Hen Islet
Chairman of the Hue City People's Committee, Mr. Nguyen Khac Toan, has signed a decision approving the investment policy for a bridge project spanning Hen Islet in Vy Da Ward, along with a connecting road system at both ends.
This vital transport project is expected to resolve the connectivity bottleneck for the Hen Islet area. Currently, the islet relies solely on the Phu Luu Bridge as its only access point.
According to technical assessments, the existing Phu Luu Bridge has significantly deteriorated and is too narrow to meet the increasing travel demands, goods transport, and daily needs of Hen Islet residents. The investment in a new bridge is viewed as an urgent requirement that aligns with the urban spatial development, tourism, and service goals along the Huong River.
To ensure the structure harmonizes with the local landscape and terrain, Hue City will organize an architectural design competition to select the best aesthetic and functional plan for the bridge.
Per the approved decision, the project, including the bridge and leading roads, will have a total length of approximately 2.76 km and a width of 26 m. The project starts at the intersection of Truong Gia Mo and the extended Le Duc Anh Street (Vy Da Ward) and ends at the intersection of Nguyen Gia Thieu and Ho Quy Ly Street (Phu Xuan Ward).
The total estimated investment is approximately VND2.2 trillion (nearly $84 million), with a projected timeline of four years once full funding is allocated.
Vneconomy-Nguyễn Thuấn
For a comprehensive data governance
The Law on Personal Data Protection took effect from January 1, 2026. How do you think it will affect businesses operating in Vietnam?
With the Law taking effect, businesses will have to treat personal data as a form of capital or asset regulated by the State. They must clearly understand what data they collect, for what purpose, and with whom it is shared, and be able to prove that every process complies with the Law.
From January 1, Vietnam have a more complete legal framework for data. At its core is the new Law, which provides comprehensive rules on rights and obligations related to personal data.
Meanwhile, the Law on Digital Data, effective from July 1, 2025, regulates digital data more broadly, including non-personal data, data platforms, and cross-border data flows. One notable point is that, for personal data, the Law on Personal Data Protection allows businesses to conduct privacy impact assessments and risk assessments, replacing the assessments required by the Law on Digital Data, such as impact assessments, consent rules, and sensitive data processing, which are now codified into law. The upcoming decree will provide further details, such as the list of sensitive data, procedures, templates, and notification mechanisms.
In practice, the impact will be most visible where businesses interact directly with data, including websites, apps, customer management systems, marketing tools, and cloud services. The “collect first, ask later” model will no longer be acceptable. Businesses will need to obtain consent before tracking and maintain transparent control of data flows, especially when data is shared with systems in multiple countries.
The Law on Personal Data Protection also introduces high penalties for serious violations involving cross-border data transfers, with a maximum fine of 5 per cent of the previous year’s revenue.
From a professional standpoint, the earliest impact will be in website data collection and technical compliance. For internal processes or data not generated on web platforms, businesses should work with domestic law firms specializing in data protection to ensure full compliance and proper data governance.
What sectors in Vietnam will undergo the most significant changes when the Law takes effect?
Several sectors are expected to see substantial change, including healthcare and insurance, banking and finance, advertising, social networks, and online services, as well as technology fields such as big data, AI, blockchain, virtual reality, and cloud computing.
Banks, credit institutions, insurance companies, telecom operators, digital platforms, e-commerce businesses, adtech (advertising technology) firms, and enterprises using large-scale AI or cloud computing all handle vast amounts of sensitive personal data and will therefore be more heavily affected.
Under the Law on Digital Data, organizations must classify data into core, important, and other types. Transferring core or important data abroad will be subject to strict controls once detailed guidance is issued. Though this Law does not specify sectors, financial services and critical infrastructure are almost certain to hold large volumes of core or important data.
The draft guiding decree also states that data related to user behavior and the use of telecommunications, social media, or online media services is considered sensitive. This means that most behavioral tracking and profiling on websites, apps, or e-commerce platforms will require explicit, demonstrable consent and strict governance to ensure compliance.
Are Vietnamese businesses underestimating the risks associated with the Law on Personal Data Protection?
Yes, both in terms of legal risk and commercial impact. When the Law officially takes effect and its guiding decree is applied, businesses will have to meet clear requirements regarding consent records, their ability to fulfil data subject requests, cross-border data transfer documentation, and data governance responsibilities.
In addition, businesses may face commercial and partnership risks. Today, global customers and partners often ask questions like: “Where is our data stored?”, “What trackers does the website use?”, and “Does the business comply with its national laws?”
Companies unable to answer these questions risk losing contracts, especially in finance, BPO (Business Process Outsourcing), cloud, and SaaS (Software as a Service). I often tell businesses that data compliance will become as fundamental as taxation or accounting.
What should Vietnamese businesses prepare before the Law comes into force?
First, scan websites and systems using tools like the free AesirX Privacy Scanner to detect all trackers, cookies, SDKs (Software Development Kits), and endpoints, along with the countries through which data flows.
Second, map and classify all data flows. Identify where personal data is collected, through which channels, and where it is stored and processed (inside or outside of Vietnam). This includes cloud services, CDPs (Customer Data Platforms), CRM (Customer Relationship Management) software, marketing platforms, and support tools.
Third, implement consent-before-tracking. Data collection should only occur after consent is obtained. A user’s consent management system must truly block all tracking tools, such as Google Tag Manager, behavioral analytics, customer data platforms, and other trackers, until explicit consent is given. This blocking must work at the server and edge levels, not only in the browser.
Fourth, replace third-party tracking tools with solutions managed directly by the business in Vietnam whenever possible. Fonts, images, and videos should also be hosted domestically rather than using international content delivery networks.
Fifth, complete all documentation and data governance processes. Prepare records for every cross-border data transfer, including transmission points and protective measures. Maintain logs of user consent and logs related to handling data-subject requests. Develop an incident response plan and clearly assign responsibilities across departments, similar to the role of a data protection officer.
My guiding principle is: “Collect less, respect more.” Collecting less data reduces risk, builds trust, and makes compliance with the Law easier to demonstrate.
And note that compliance applies not only to data from websites, apps, or e-commerce systems, but also to internal data and all other processes. Therefore, I recommend working with domestic lawyers who specialize in data protection to ensure that internal data governance is fully compliant as well.
When the Law on Personal Data Protection takes effect and joins the Law on Digital Data, what opportunities will open up for Vietnam?
Alongside the risks that businesses must manage, the Law on Personal Data Protection and the Law on Digital Data also unlock significant opportunities if Vietnam implements them effectively.
First, stronger user and customer trust. When businesses can confidently say, “Your data is stored in Vietnam and protected under Vietnamese law,” and when consent systems, analytics tools, and tagging technologies all run on domestic servers, this becomes a powerful competitive edge. It matters most in finance, healthcare, government, and international B2B sectors.
Second, a boost for domestic digital infrastructure. Both laws create clear demand for locally-hosted cloud services, data centers, analytics platforms, and self-managed solutions. Vietnamese providers offering strong performance and built-in compliance will be well positioned to grow.
Third, the chance to export a “sovereign digital infrastructure” model. If Vietnam proves that growth in the digital economy and robust data protection can coexist, this framework could be adopted by other ASEAN markets. It is not just a software export, it is exporting a workable model of data governance.
Implemented well, the Law on Personal Data Protection and the Law on Digital Data are more than regulatory guardrails; they can become catalysts for Vietnam’s digital industry.
Can Vietnam become one of the pioneering countries in Asia in developing a sovereign data model?
Absolutely. Vietnam is already ahead in several areas, with Decree No. 13 on personal data protection and the forthcoming Law on Personal Data Protection and existing Law on Digital Data forming a fairly comprehensive legal framework. The government has also placed strong emphasis on data sovereignty, national data centers, and cloud infrastructure. Vietnam’s tech ecosystem benefits from a large, young, and capable developer community.
If Vietnam prioritizes first-party data - information provided directly by users - and strictly enforces the principle of “tracking only with consent,” rather than following the surveillance-driven adtech model seen elsewhere, the country could become a regional exemplar of how to build a modern, privacy-respecting, and sustainable digital economy.
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PM Chinh urges ASML to establish semiconductor RD center in Vietnam
During a reception in Hanoi on January 15 for Mr. Eduard Stiphout, Vice President of the Netherlands-based ASML Group, who is currently on a working visit to Vietnam, Prime Minister Pham Minh Chinh has called on the Dutch multinational tech giant to expedite the establishment of a semiconductor training, research, and development (RD) center in Vietnam.
PM Chinh urged ASML to support and connect qualified Vietnamese enterprises to the group’s global supply chain. This move, according to the Prime Minister, aims to diversify and enhance the stability of ASML’s supply chain within the Asian region.
Furthermore, he suggested that ASML study the possibility of establishing a representative office in Vietnam to strengthen direct ties and affirm its commitment to long-term strategic cooperation. He also requested the group's assistance for Vietnamese businesses in developing digital infrastructure, production, research, testing, and technical services.
By providing consultancy on technology standards and transferring management expertise, ASML could help Vietnam gradually build its domestic manufacturing capacity, the PM said.
Proposing ASML implement training programs, expert exchanges, internships, and scholarships in the semiconductor field for Vietnamese students and professionals, the PM emphasized that the Vietnamese Government is committed to accompanying and creating all favorable conditions for foreign enterprises, including ASML, to achieve sustainable and long-term success in the country.
Highly valuing Vietnam’s development strategy, which is rooted in science, technology, innovation, and digital transformation, including the growth of the semiconductor industry, Mr. Stiphout stated that ASML is ready to become an integral part of Vietnam’s semiconductor industry.
Concurring with the Prime Minister’s suggestions, he revealed that ASML is currently exploring the possibility of expanding its supply chain in Vietnam.
He noted that the group is looking into collaborating on the establishment of a training and RD center, considering a formal presence in the country, and assessing the potential to supply equipment to Vietnamese customers. Through these initiatives, he said, ASML aims to help develop a robust semiconductor ecosystem in Vietnam, as envisioned by PM Chinh.
Vneconomy-Việt An
Construction of first domestic chip plant starts
A groundbreaking ceremony of Vietnam’s first semiconductor chip manufacturing plant was held on January 16 with the attendance of Party General Secretary To Lam and Prime Minister Pham Minh Chinh.
The plant, invested in by the military-run Viettel Group, marks a pivotal landmark as Vietnam plans to create its own semiconductor manufacturing ecosystem.
"This is a crucial step toward materializing our national semiconductor industry development strategy," Prime Minister Pham Minh Chinh was quoted by the Government News as saying at the groundbreaking ceremony.
The PM pointed out that the plant "creates a foundation for Vietnam to integrate more deeply into the global value chain through science, technology and innovation."
He tasked the Ministry of Science and Technology to promote research and technology transfer linked to human resource development for the semiconductor industry; support connectivity among leading domestic and international experts, particularly Vietnamese experts working overseas.
Meanwhile, the Ministry of Finance was urged to report to competent authorities on capital allocation and provide guidance on implementation, ensuring quality, progress and compliance with legal regulations.
The Hanoi People’s Committee was requested to urgently hand over land for the project and ensure necessary infrastructure conditions—including electricity, water and transport—for the construction and operation of the plant.
Relevant ministries and sectors, within their respective functions and mandates, were instructed to guide, coordinate with and support the Ministry of National Defense and the Viettel Group in implementing the project in accordance with the law.
According to Lieutenant General Tao Duc Thang, Viettel’s chairman and CEO, the group will complete construction, receive technology transfer and begin trial production by the end of 2027.
In the 2028–2030 period, the group will focus on optimizing processes and improving production efficiency to international standards.
Located at Hanoi's Hoa Lac High-Tech Park on a 27-hectare site, the plant will function as national infrastructure for semiconductor research, design, testing and production.
Once operational, it will supply chips for multiple industries, including aerospace, telecommunications, the Internet of Things, automotive, medical equipment and automation.
A complete semiconductor chip requires six main stages: product definition, system design, detailed design, chip fabrication, packaging and testing, and integration and verification.
Vietnam has gradually participated in five of these stages. Chip fabrication—the most complex and critical step—has so far remained beyond domestic reach. The new facility is expected to complete the entire production chain.
The plant will help complete the domestic semiconductor ecosystem, enabling chip design companies, tech startups and research institutions to shorten testing cycles and accelerate product development. It will also serve as a training hub for semiconductor talent, supporting Viet Nam's goal of training 50,000 chip design engineers by 2030 and building a semiconductor workforce of 100,000 by 2040.
VGP-Pham Long
Outstanding policy credit reaches $16.2 billion in 2025
The Vietnam Bank for Social Policies reported total outstanding loans of more than VND426.2 trillion (about $16.2 billion) in 2025, up VND44.1 trillion, or 11.54%, year-on-year.
According to the bank’s latest report, policy credit programs provided support to more than 6.7 million poor households and other policy beneficiaries nationwide.
Disbursed credit capital during the year helped create jobs for nearly 817,000 workers, including more than 8,600 people sent abroad for fixed-term employment. It also provided education loans to over 68,000 disadvantaged students and pupils.
In addition, the funding supported the construction of more than 1.95 million clean water and rural sanitation facilities, nearly 3,000 houses for poor households, and close to 10,400 social housing units for low-income beneficiaries.
VnEconomy-Kỳ Phong
HCMC adds five more housing projects eligible for foreign ownership
The Ho Chi Minh City People’s Committee has announced five new housing projects where foreign ownership is permitted, bringing the city's total to 93 projects. This move is expected to open significant opportunities for international investors.
The newly approved projects include:
The 117-ha Saigon Binh An Urban Area (The Global City) is developed by the Saigon Development and Investment Corporation and located on Do Xuan Hop Street, Binh Trung Ward.
High-rise Apartment Complex in Phu Huu Ward is developed by the National Housing Organization - Khang Viet Joint Stock Company. It is situated in Long Truong Ward with a total land area of over 18,333sq.m.
Office and Residential High-rise Building is developed by the Metro Star Investment Corporation at 360 Vo Nguyen Giap Street, Phuoc Long Ward, covering approximately 1.8 ha.
Tan An Apartment (Tecco Luxury) is developed by Tecco Mien Nam Corporation. Located in Thuan An and Thuan Giao wards, the project occupies about 6,690sq.m.
Tam Luc Housing Area is developed by the Tam Luc Real Estate Corp. The 3.77 ha site is located on Mai Chi Tho Street, Binh Trung Ward.
According to current regulations, foreign individuals who have legally entered Vietnam and foreign organizations operating in the country are eligible to buy and own housing within these approved projects. However, they must comply with ownership limits: foreigners may not own more than 30% of the units in a single apartment building, or more than 250 individual houses within a single ward-level administrative unit. These restrictions are in place to maintain market balance and prevent real estate speculation.
The announcement of this list is expected to not only provide opportunities for foreign residents but also stimulate the overall development of the Ho Chi Minh City real estate market. Furthermore, it fosters a transparent and attractive investment environment, encouraging developers to improve project quality to meet international standards.
Vneconomy-Phạm Vinh
Vietnam's pepper and spice exports hit record high in 2025
Vietnam’s pepper and spice exports reached a record high of more than $2.12 billion in 2025, up 20.1% year-on-year, according to the Vietnam Pepper and Spice Association (VPSA).
Pepper accounted for 78% of the total export value. In 2025, Vietnam exported more than 246,000 tonnes of pepper, generating $1.66 billion in revenue. While export volume declined 1.5% compared with the previous year, export value rose sharply by 26%, driven by higher prices. The average export price climbed to nearly $6,750 per ton, up 28.3% from 2024.
Other spice products also made significant contributions to export earnings. Cinnamon brought in about $300 million, followed by ginger and turmeric with $61 million, star anise with nearly $59 million, cardamom and nutmeg with $33 million, and chili with around $10 million.
According to the association, these figures indicate that Vietnam’s spice export structure is becoming increasingly diversified, helping to reduce dependence on a single product.
VnEconomy-Chu Khôi
Vietnam, Japan enhance collaboration in artificial intelligence
Nine Artificial Intelligence (AI) solutions are currently being fast-tracked for commercialization with Japanese partners under a strategic innovation framework between Vietnam and Japan.
The "VietLeap AI Accelerator Demo Day" was held on January 14 as part of the Vietnam-Japan Innovation Nexus Day. The event attracted a wide range of businesses, investment funds, and innovation support organizations from both nations, opening up new opportunities to integrate AI into the corporate ecosystems of Vietnam and Japan.
Launched in October 2025, the VietLeap AI Accelerator is a key initiative spearheaded by the National Innovation Center (NIC) in collaboration with the Japan International Cooperation Agency (JICA), Boston Consulting Group (BCG), and the Embassy of Japan in Vietnam.
This specialized accelerator program is designed to enhance product development capabilities, refine business models, drive commercialization, and ensure "partnership readiness" for standout AI solutions. The program follows a deep-dive support roadmap closely aligned with the practical needs of both the market and the startups.
During the Demo Day, nine startups—Diaflow, VBrain, Finful, Brain-Life, Next Robotics, Pixel ML, OdaAI, MindShift, and MedCAT—showcased AI solutions addressing specific economic challenges. these include process automation, knowledge management, supply chain optimization, human resource training, healthcare, and digital services.
A defining feature of the VietLeap AI Accelerator is its "open" and international approach. The program mobilized over 26 experts from five different countries across eight specialized fields to mentor the startups throughout the acceleration process.
The event concluded with the signing of eight Memorandums of Understanding (MOUs) and cooperation projects. These agreements focus on key areas such as operational and manufacturing optimization, human resource development, healthcare and insurance, and digital services.
Vneconomy-Khánh Vy
ASEAN Digital Ministers' Meeting opens in Hanoi
The 6th ASEAN Digital Ministers' Meeting (ADGMIN 6) and related meetings opened in Hanoi on January 15 with the presence of Prime Minister Pham Minh Chinh.
Hosted by Vietnam, the event brought together ASEAN ministers in charge of information technology, telecommunications and digital transformation, heads of delegations of dialogue partners, along with representatives of international organisations and technology enterprises.
Addressing the opening ceremony of the ADGMIN 6 and related meetings, Prime Minister Pham Minh Chinh stressed that Vietnam remains firmly committed to being a proactive, active and responsible member of ASEAN’s digital cooperation.
The Prime Minister called for more comprehensive regional collaboration built on transparency, mutual trust and respect to help shape a united, resilient and prosperous ASEAN digital community.
Earlier, in his opening remarks, Vietnam’s Minister of Science and Technology Nguyen Manh Hung, who chairs ADGMIN 6, said the conference theme “ASEAN Adaptive: From Infrastructure Connectivity to Intelligent Connectivity” reflects a defining shift in ASEAN’s digital development thinking.
ASEAN is moving beyond a focus on expanding connectivity infrastructure toward harnessing intelligence, data and the added value generated from digital connections. This transition from “infrastructure connectivity” to “intelligent connectivity” is not a matter of choice but an inevitable step in the digital era, he said.
Vietnam’s digital infrastructure has made significant strides, with 5G coverage reaching 91.2% of the population and mobile internet speeds ranking among the world’s top 20 in 2025, up 50 places from 2020.
Vietnam has also strengthened digital government with the expansion of online public services toward a paperless administration, and seen the digital economy emerge as a new growth engine. E-commerce has grown by around 25% annually, reaching an estimated $36 billion in 2025, three times its size in 2020.
VnEconomy-Ngô Huyền
HCMC breaks ground on Metro Line 2
Ho Chi Minh City officially commenced construction on four key infrastructure projects on January 15. Among them, Metro Line 2 (Ben Thanh – Tham Luong) stands out as the only project funded entirely by public investment and the first to pioneer special mechanisms under Resolution 188.
The Metro Line 2 is identified as a vital radial axis in the local urban railway system, connecting the city center with the northwestern districts. The line starts at Ben Thanh Station, which will serve as a future central transit hub for the entire metro network.
Speaking at the ceremony, Vice Chairman of the City People’s Committee Bui Xuan Cuong emphasized that the commencement of Metro Line 2 at this stage is of particular significance as several favorable conditions have converged. Notably, site clearance has been completed, and project funding has transitioned to the city budget, with full allocation secured in the 2026–2030 medium-term plan.
As a large-scale project with high technical requirements passing through densely populated urban areas, Metro Line 2 is the pioneer in applying specific policies under Resolution 188/2025/QH15. This mechanism is designed to remove bottlenecks in investment procedures, capital sourcing, design standards, and contractor selection. It further aims to link transportation development with urban spatial reorganization under the Transit-Oriented Development (TOD) model.
In its first phase, the line will span approximately 11.3 km, consisting of 9.3 km of underground tracks and 2 km of elevated sections. The project includes 10 underground stations, one elevated station, and one depot. Funded by the city's public investment budget, the project has a total investment of approximately VND55.179 trillion ($2.1 billion) and is scheduled for completion in the fourth quarter of 2030.
According to Mr. Phan Cong Bang, Head of the Management Authority for Urban Railways (MAUR), Metro Line 2 will utilize European-standard technology to ensure modernization, synchronization, and compatibility across the city's entire railway network.
The three other projects include the Phu My 2 Bridge, the Can Gio Bridge, and the Rach Chiec National Sports Complex.
The practice is part of a series of activities to welcome the 14th National Party Congress, affirming the strong political resolve of the City’s Party Committee, government, and citizens to complete a synchronous and modern infrastructure system.
Vneconomy-Thanh Thủy
China's PCG firm plans $5 billion investment in Ca Mau
China’s Pacific Construction Group (PCG) has pledged to promptly establish a fully independent subsidiary in the southernmost province of Ca Mau, with total investment over the next five years estimated at no less than $5 billion.
The commitment was made under a memorandum of understanding (MoU) on strategic cooperation signed between the Ca Mau provincial People’s Committee and the group on January 13.
Under the MoU, the two sides will also strengthen cooperation in planning and developing the urban railway network and implementing a transit-oriented development (TOD) model, which integrates urban development with public transport systems around railway stations.
At the signing ceremony, both parties agreed to pursue cooperation based on mutual benefit, in compliance with international treaties to which Vietnam and China are signatories, as well as Vietnam’s current laws.
VnEconomy-Tuấn Khang
Vietnam emerges as a global semiconductor intersection
A wave of multibillion-dollar assembly, packaging, and testing plants has appeared in Vietnam over the past two decades, firmly planting the country on the global semiconductor map as a key manufacturing base. Nearly $11.6 billion in FDI capital has been poured into the local semiconductor industry, with most going to packaging and testing projects.
Vietnam’s semiconductor development strategy lays out an ambitious three-phase roadmap. Between 2024 and 2030, the country aims to establish at least 100 design enterprises, which is . expected to climb to at least 200 over the following decade. About 15 semiconductor design companies have already chosen Vietnam as the location for their global headquarters.
Momentum from crisis
A turning point emerged during the 2020-2022 chip shortage, which triggered a wave of global supply chain shifts, intensified geopolitical tensions, and heightened demand among major tech corporations to diversify their chip-design resources. These forces helped propel Vietnam, which is backed by its young population, political stability, dynamic engineering talent, and strategic location, into the spotlight as a new strategic destination on the semiconductor map.
This realization spurred the rapid rollout of Vietnam’s national semiconductor industry development strategy, along with a suite of incentive policies for talent and semiconductor enterprises. FDI inflows are now being selectively screened before entering Vietnam, with a focus on attracting higher-value added activities such as RD and integrated circuit (IC) design.
Domestic companies, seeing both opportunity and clear policy direction, have also begun nurturing the ambition to develop “Made in Vietnam” chips for the global market. In truth, Vietnam’s dream of building its own semiconductor capabilities is not recent; it has been smoldering for nearly two decades. As early as 2008, Vietnam produced its first microprocessor, designed by lecturers and young engineers at the Vietnam National University, Ho Chi Minh City. Though the commercial rollout fell short of initial expectations, these early chips laid the groundwork for Vietnam’s semiconductor industry.
Vietnamese tech companies later entered the field in a more methodical way. FPT, the country’s leading technology group, began offering IC design services in 2014, before formally establishing FPT Semiconductor in 2022. In September that year, FPT Semiconductor introduced its first IC designed entirely in Vietnam, securing initial orders of up to 25 million units for 2024-2025. Viettel followed suit, announcing its first 5G DFE chip in late October 2023, designed entirely by its own engineers.
Today, Viettel and FPT are no longer the only players in core semiconductor technology. A growing roster of domestic firms, including VNCHIP, HYPHENDEUX, and the CT Group, have also entered the applied IC design space.
Many overseas Vietnamese experts have returned as well, bringing experience from some of the world’s leading semiconductor corporations. Among the most notable is Mr. Le Quang Dam, now General Director of Marvell Vietnam. In 2013, despite holding a coveted role as Engineering Director at global semiconductor design giant Marvell, he chose to leave behind a comfortable life in the US and return to Vietnam to build Marvell’s first office from scratch. Today, under his leadership, Marvell Vietnam operates offices in Ho Chi Minh City and Da Nang, with more than 500 engineers, and the company has even committed to expanding its workforce by 15-20 per cent annually.
Two decades earlier, when semiconductors barely drew attention, US semiconductor leader Qorvo registered its business in Vietnam in 2005 under the leadership of Mr. Trinh Khac Hue. Today, Qorvo is among semiconductor design companies making meaningful contributions to investment and engineering education, helping train the next generation of Vietnamese semiconductor talent.
Promise meets constraints
Vietnam currently has around 7,000 IC design engineers, 6,000 engineers, and 10,000 technicians working in packaging, testing, and equipment manufacturing, along with more than 100 Vietnamese experts worldwide connected through the Vietnam Semiconductor Innovation Network, there are 166 semiconductor training institutions, with more than 6,300 students enrolled in core semiconductor programs and 12,000 in related fields. Around 20 institutions have adopted the “three-party linkage” training model.
Vietnam’s RD ecosystem and internationally-standardized cleanroom systems are being built and expanded in major cities, such as SHTP Labs at the Saigon Hi-Tech Park (SHTP), with investment of VND300 billion ($11.5 million), and a laboratory at the Vietnam National University, Hanoi, worth $5 million.
Vietnam is home to nearly 50 foreign semiconductor design corporations and more than ten domestic design firms, such as Viettel, FPT, and CMC. In packaging and testing, there are 14 foreign companies and one domestic player. Support industries for semiconductors include 15 foreign enterprises.
According to Mr. Nguyen Thanh Yen, General Director of CoAsia SEMI Vietnam, as many as 15 semiconductor design companies have chosen Vietnam as their global headquarters. “This number is even higher than in the US, which has around 14 semiconductor design companies with global headquarters,” he said. “Companies from the US, Europe, Japan, South Korea, Taiwan (China), China, India, Singapore, and Malaysia are all present in Vietnam. Vietnam is becoming the intersection for global semiconductor design firms.”
It is an impressive comparison that highlights Vietnam’s rising position. Yet challenges remain. The industry requires long-term RD investment, strong intellectual property (IP) protection, high technical standards, and expensive support systems, such as EDA (electronic design automation) tools, IP cores, and advanced laboratories. Meanwhile, the low localization rate of components and materials reduces Vietnam’s competitiveness in downstream manufacturing.
Experts warn that unless Vietnam quickly strengthens system-design capabilities, IP protection, and supply chains, the country risks being confined to “auxiliary design” rather than emerging as a true center of innovation.
During the second meeting of the National Steering Committee for Semiconductor Industry Development, in August, Prime Minister Pham Minh Chinh emphasized that Vietnam must be able to design, manufacture, and test several essential semiconductor chips by no later than 2027.
Many experts agree that Vietnam does not need, and is not ready, to target cutting-edge process nodes. According to Mr. Yen, it should focus on applied chips. “We don’t need to chase 2-nanometer (nm) chips,” he believes. “Producing stable, competitively-priced 28-nm chips would already be a victory.”
Dr. Le Hai Trieu, Director of the Institute of Industrial Electronics Engineering at the Department of Security Industry under the Ministry of Public Security, echoed the view that Vietnam should not aim for advanced nodes like 2 nm, 3 nm, or 5 nm - or even 14 nm, 16 nm, or 28 nm - at the outset, given the extremely high investment costs, complex technical requirements, and limited market demand.
Vietnam’s semiconductor development strategy lays out an ambitious three-phase roadmap for expanding its design enterprise base. From 2024 to 2030, the goal is to form at least 100 design enterprises. Over the following decade, this target rises to at least 200, and by 2050, the aim is 300. Vietnam currently has more than 60 design firms, including both domestic enterprises and foreign corporations. With current momentum, the targets for the next five years may not be out of reach.
Standfirst: Having secured a raft of semiconductor assembly, packaging, and testing plants, Vietnam’s next stage of development includes a greater focus on chip design. By Ngo Huyen
A wave of multibillion-dollar assembly, packaging, and testing plants has appeared in Vietnam over the past two decades, firmly planting the country on the global semiconductor map as a key manufacturing base. Nearly $11.6 billion in FDI capital has been poured into the local semiconductor industry, with most going to packaging and testing projects.
Vietnam’s semiconductor development strategy lays out an ambitious three-phase roadmap. Between 2024 and 2030, the country aims to establish at least 100 design enterprises, which is . expected to climb to at least 200 over the following decade. About 15 semiconductor design companies have already chosen Vietnam as the location for their global headquarters.
Momentum from crisis
A turning point emerged during the 2020-2022 chip shortage, which triggered a wave of global supply chain shifts, intensified geopolitical tensions, and heightened demand among major tech corporations to diversify their chip-design resources. These forces helped propel Vietnam, which is backed by its young population, political stability, dynamic engineering talent, and strategic location, into the spotlight as a new strategic destination on the semiconductor map.
This realization spurred the rapid rollout of Vietnam’s national semiconductor industry development strategy, along with a suite of incentive policies for talent and semiconductor enterprises. FDI inflows are now being selectively screened before entering Vietnam, with a focus on attracting higher-value added activities such as RD and integrated circuit (IC) design.
Domestic companies, seeing both opportunity and clear policy direction, have also begun nurturing the ambition to develop “Made in Vietnam” chips for the global market. In truth, Vietnam’s dream of building its own semiconductor capabilities is not recent; it has been smoldering for nearly two decades. As early as 2008, Vietnam produced its first microprocessor, designed by lecturers and young engineers at the Vietnam National University, Ho Chi Minh City. Though the commercial rollout fell short of initial expectations, these early chips laid the groundwork for Vietnam’s semiconductor industry.
Vietnamese tech companies later entered the field in a more methodical way. FPT, the country’s leading technology group, began offering IC design services in 2014, before formally establishing FPT Semiconductor in 2022. In September that year, FPT Semiconductor introduced its first IC designed entirely in Vietnam, securing initial orders of up to 25 million units for 2024-2025. Viettel followed suit, announcing its first 5G DFE chip in late October 2023, designed entirely by its own engineers.
Today, Viettel and FPT are no longer the only players in core semiconductor technology. A growing roster of domestic firms, including VNCHIP, HYPHENDEUX, and the CT Group, have also entered the applied IC design space.
Many overseas Vietnamese experts have returned as well, bringing experience from some of the world’s leading semiconductor corporations. Among the most notable is Mr. Le Quang Dam, now General Director of Marvell Vietnam. In 2013, despite holding a coveted role as Engineering Director at global semiconductor design giant Marvell, he chose to leave behind a comfortable life in the US and return to Vietnam to build Marvell’s first office from scratch. Today, under his leadership, Marvell Vietnam operates offices in Ho Chi Minh City and Da Nang, with more than 500 engineers, and the company has even committed to expanding its workforce by 15-20 per cent annually.
Two decades earlier, when semiconductors barely drew attention, US semiconductor leader Qorvo registered its business in Vietnam in 2005 under the leadership of Mr. Trinh Khac Hue. Today, Qorvo is among semiconductor design companies making meaningful contributions to investment and engineering education, helping train the next generation of Vietnamese semiconductor talent.
Promise meets constraints
Vietnam currently has around 7,000 IC design engineers, 6,000 engineers, and 10,000 technicians working in packaging, testing, and equipment manufacturing, along with more than 100 Vietnamese experts worldwide connected through the Vietnam Semiconductor Innovation Network, there are 166 semiconductor training institutions, with more than 6,300 students enrolled in core semiconductor programs and 12,000 in related fields. Around 20 institutions have adopted the “three-party linkage” training model.
Vietnam’s RD ecosystem and internationally-standardized cleanroom systems are being built and expanded in major cities, such as SHTP Labs at the Saigon Hi-Tech Park (SHTP), with investment of VND300 billion ($11.5 million), and a laboratory at the Vietnam National University, Hanoi, worth $5 million.
Vietnam is home to nearly 50 foreign semiconductor design corporations and more than ten domestic design firms, such as Viettel, FPT, and CMC. In packaging and testing, there are 14 foreign companies and one domestic player. Support industries for semiconductors include 15 foreign enterprises.
According to Mr. Nguyen Thanh Yen, General Director of CoAsia SEMI Vietnam, as many as 15 semiconductor design companies have chosen Vietnam as their global headquarters. “This number is even higher than in the US, which has around 14 semiconductor design companies with global headquarters,” he said. “Companies from the US, Europe, Japan, South Korea, Taiwan (China), China, India, Singapore, and Malaysia are all present in Vietnam. Vietnam is becoming the intersection for global semiconductor design firms.”
It is an impressive comparison that highlights Vietnam’s rising position. Yet challenges remain. The industry requires long-term RD investment, strong intellectual property (IP) protection, high technical standards, and expensive support systems, such as EDA (electronic design automation) tools, IP cores, and advanced laboratories. Meanwhile, the low localization rate of components and materials reduces Vietnam’s competitiveness in downstream manufacturing.
Experts warn that unless Vietnam quickly strengthens system-design capabilities, IP protection, and supply chains, the country risks being confined to “auxiliary design” rather than emerging as a true center of innovation.
During the second meeting of the National Steering Committee for Semiconductor Industry Development, in August, Prime Minister Pham Minh Chinh emphasized that Vietnam must be able to design, manufacture, and test several essential semiconductor chips by no later than 2027.
Many experts agree that Vietnam does not need, and is not ready, to target cutting-edge process nodes. According to Mr. Yen, it should focus on applied chips. “We don’t need to chase 2-nanometer (nm) chips,” he believes. “Producing stable, competitively-priced 28-nm chips would already be a victory.”
Dr. Le Hai Trieu, Director of the Institute of Industrial Electronics Engineering at the Department of Security Industry under the Ministry of Public Security, echoed the view that Vietnam should not aim for advanced nodes like 2 nm, 3 nm, or 5 nm - or even 14 nm, 16 nm, or 28 nm - at the outset, given the extremely high investment costs, complex technical requirements, and limited market demand.
Vietnam’s semiconductor development strategy lays out an ambitious three-phase roadmap for expanding its design enterprise base. From 2024 to 2030, the goal is to form at least 100 design enterprises. Over the following decade, this target rises to at least 200, and by 2050, the aim is 300. Vietnam currently has more than 60 design firms, including both domestic enterprises and foreign corporations. With current momentum, the targets for the next five years may not be out of reach.
VET-Ngo Huyen