DX Summit 2024: Hyphen Deux Visited the Vietnam-ASIA Digital Transformation
Hyphen Deux participated in the Vietnam-ASIA Digital Transformation (DX) Summit 2024, which took place from May 28 to May 29 at the Hanoi International Convention Center. The event, particularly the Plenary Session on Digital and Green Transformation held on May 28, was a significant platform for discussing the development of the digital economy. Esteemed speakers such as H.E. Mr. Tran Luu Quang, a Member of the Party Central Committee and Deputy Prime Minister, and Mr. Nguyen Manh Hung, the Minister of Information and Communications, among others, shared valuable insights that underscored the Vietnamese Government’s dedication to the National Digital Transformation Program. This program aims to drive economic development through comprehensive digital transformation across all sectors, industries, and levels of governance.
H.E. Mr. Tran Luu Quang, a Member of the Party Central Committee and Deputy Prime Minister delivered a speech at the Summit.
The global trends of AI, green, and digital transformation are crucial for sustainable development, and Hyphen Deux is excited to be part of this transformative journey. The DX Summit 2024 served as a premier event for aligning with the government’s efforts to implement the National Digital Transformation Program swiftly and effectively. The summit emphasized the importance of these transformations in achieving Vietnam’s goal, becoming a high-income, strong, and prosperous country by 2045.
Key themes of the DX Summit 2024 included:
- Digital and Green Transformation, promoting ESG policies
- Data collection and management
- Digital trust
- Development and application of new technologies: 5G, AI, IoT
- Semiconductor chips – trends, opportunities, and potential
The Vietnam Software & IT Services Association (VINASA) hosted a seminar on semiconductor industry development on May 29, as part of the summit. Nguyen Thi Le Quyen, Deputy Director of the National Innovation Centre under the Ministry of Planning and Investment (MPI), highlighted the semiconductor industry’s remarkable compound annual growth rate of 14% over the past two decades. She projected that the industry is on track to become a trillion-dollar sector by 2030.
Quyen emphasized the anticipated surge in workforce demand, noting that by 2030, China is expected to require 400,000 semiconductor professionals, the United States 67,000, with intense competition for talent in South Korea, Japan, and India. This underscores the critical need for Vietnam to prioritize workforce training and development to stay competitive in the semiconductor field.
Nguyễn Thiện Nghĩa, Deputy Director of the Department of Information Technology Industry under the Ministry of Information and Communications, proposed several solutions to bolster Vietnam’s semiconductor human resources. He stressed that beyond training, Vietnam must attract businesses to invest locally to stimulate the domestic semiconductor market. “Despite Vietnam’s many advantages, its contribution to the global semiconductor industry remains minimal,” Nghĩa remarked.
Nghĩa further advocated for promoting the formation of a support ecosystem for chip manufacturing businesses. Such an ecosystem would enhance Vietnam’s appeal to major manufacturing corporations, potentially transforming the country into a hub for semiconductor chip production. “To achieve this, Vietnam needs to address policy shortcomings, prioritize the semiconductor industry, accelerate human resource training, and expand cooperation and investment opportunities in the sector,” he added.
Panel discussion: Developing Vietnam’s Semiconductor Industry – Challenges and Opportunities for Cooperation.
Hyphen Deux, a pioneering Fabless Design Company from Vietnam, was proud to participate in this vibrant industry event. The company showcased its first innovative chip designed for IoT devices, marking a significant milestone for the domestic semiconductor industry. Hyphen Deux’s involvement exemplifies the potential for local companies to make significant contributions to the global semiconductor market.
The seminar underscored the critical importance of a well-trained workforce to meet the growing demands of the semiconductor industry. It also highlighted the need for strategic investments and policy reforms to foster a conducive environment for semiconductor development in Vietnam. The collaborative efforts of government agencies, industry leaders, and educational institutions were seen as pivotal in driving the country’s semiconductor industry forward.
Hyphen Deux Joins Vietnam Semiconductor Map.
As the global semiconductor industry continues its rapid expansion, Vietnam’s proactive approach to developing its semiconductor sector could position it as a key player in the international market. The seminar served as a call to action for all stakeholders to invest in training, infrastructure, and innovation to ensure Vietnam can meet the future demands of this dynamic industry.
In conclusion, the Vietnam-ASIA DX Summit 2024 highlighted the immense growth potential of the semiconductor sector and the critical need for workforce development and strategic investments. The insights shared by industry experts and leaders emphasized the importance of creating a supportive ecosystem for semiconductor businesses and the urgency of addressing policy shortcomings to enhance Vietnam’s competitiveness in the global market. Hyphen Deux’s showcase of its innovative IoT chip design further demonstrated the potential of Vietnamese companies to make significant strides in the semiconductor industry. The event underscored a collaborative effort towards a future where Vietnam plays a significant role in the trillion-dollar semiconductor market projected for 2030.