Binh Dinh province looks to the future as AI hub
Binh Dinh’s Information and Communications Technology Center has been incorporated as a member of Ho Chi Minh City’s Quang Trung Software City in order to become a prime artificial intelligence (AI) hub in the central province.
Quy Hoa Science Aand Education Urban Area in Quy Nhon town, Binh Dinh province, central Vietnam. Photo by The Investor/Nguyen Tri.
Deputy Prime Minister Tran Hong Ha has signed a decision to make the center part of Quang Trung Software City (QTSC), said Binh Dinh Investment Promotion Center Director Nguyen Bay.
The center includes its head office covering more than 1,100 square meters, and the 54-hectare QTSC Binh Dinh Park, both located in Quy Nhon town.
"The inclusion of the center into QTSC aims to attract investment and further develop information technology toward the establishment of an AI center in Quy Nhon," he said.
The Binh Dinh People's Committee has approved FPT Software as the investor for a project the Vietnamese software giant will use as a center for research, production, and training.
TMA Creative Park in Quy Hoa Science and Education Urban Area. Photo courtesy of TMA.
FPT Software will spend more than VND2 trillion (over $84.8 million) developing the 15.3-hectare site in Quy Nhon which will include a training academy, a life skills training center for global citizens, and a short-term accommodation area for experts and workers.
The corporation plans construction via three phases - until Q4/2025; Q1/2026 to Q4/2028; and Q1/2029 to Q4/2030.
In 2018, the provincial administration allowed TMA Solution Software Co. Ltd. to build the TMA Innovation Park covering 15.7 hectares in Quy Nhon with investment of more than VND154 billion (over $6.53 million).
- Related News
- Read More
Vietnam leads Southeast Asia in Global Minimum Tax implementation: expert
Vietnam has made fast progress and leads Southeast Asia in implementing the Global Minimum Tax (GMT), said Jonathan Pemberton, a senior advisor with the Washington D.C-based International Tax and Investment Center.
Economy - Thu, May 9, 2024 | 12:12 pm GMT+7
AG&P LNG to start operating southern Vietnam LNG terminal in Sept
Singapore-headquartered AG&P LNG, a subsidiary of the U.S.-based Nebula Energy, plans to start commissioning the Cai Mep LNG terminal in Vietnam’s southern province of Ba Ria-Vung Tau in September.
Energy - Thu, May 9, 2024 | 10:23 am GMT+7
Japan’s Erex to build 50 MW biomass power plant in northern Vietnam
Japan's renewable energy firm Erex Co., Ltd. has received an investment registration certificate to build a 50-megawatt biomass power plant in Vietnam’s northern mountainous province of Yen Bai.
Energy - Thu, May 9, 2024 | 10:15 am GMT+7
Thailand extends visa waiver plan to attract tourists
The Thai cabinet on Tuesday approved a plan to extend visa exemption for tourists from India and Taiwan for six more months, as the country is seeking to boost the number of foreign arrivals from the two major markets.
Southeast Asia - Thu, May 9, 2024 | 8:42 am GMT+7
Indonesia economy grows 5.11% in Q1, beats forecast
Indonesia's economy, the largest in Southeast Asia, expanded 5.11% in the first quarter of this year, higher than the 5.04% recorded in the same time last year and economists’ expectation of 5%.
Southeast Asia - Thu, May 9, 2024 | 8:39 am GMT+7
Operator of Vietnam’s first oil refinery sees Q1 profit down 31%
Binh Son Refining and Petrochemical JSC (BSR), the operator of the first oil refinery in Vietnam – Dung Quat, reported an after tax profit of nearly VND1.12 trillion ($44 million) in the first quarter of 2024, down 31% year-on-year.
Companies - Thu, May 9, 2024 | 8:30 am GMT+7
Singapore introduces AI in classrooms
At Lakeside Primary School in Singapore, a trolley full of laptops is wheeled to the door of a fifth grade classroom where 30 or so students rush out to a hallway to retrieve them to learn mathematics using artificial intelligence (AI) each week.
Southeast Asia - Wed, May 8, 2024 | 10:30 pm GMT+7
Malaysia loses about $58 bln to corruption in 5 years
Malaysia incurred losses totaling MYR277 billion ($58 billion) as a result of corruption over the past five years, said Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC) Azam Baki.
Southeast Asia - Wed, May 8, 2024 | 10:27 pm GMT+7
Tetra Pak to invest $104 mln more in southern Vietnam facility
Swedish multinational food packaging and processing company Tetra Pak will invest an additional €97 million ($104.3 million) in its packaging material production facility in Vietnam’s southern province of Binh Duong.
Companies - Wed, May 8, 2024 | 10:20 pm GMT+7
Vietnam should promote FDI with cost-based incentives: association
Vietnam should consider replacing low corporate income tax with cost-relief incentives to remain competitive in attracting FDI amid Global Minimum Tax enforcement, said Prof. Nguyen Mai, chairman of Vietnam’s Association of Foreign Invested Enterprises (VAFIE).
Economy - Wed, May 8, 2024 | 10:12 pm GMT+7
Former HCMC Party chief faces disciplinary action for Van Thinh Phat Group-related violations
The Central Inspection Committee has proposed disciplinary action against Le Thanh Hai, former member of the Politburo - the country’s highest decision-making body, and former Party chief of Ho Chi Minh City, for violations related to property group Van Thinh Phat.
Politics - Wed, May 8, 2024 | 8:11 pm GMT+7
Novaland says southern Vietnam projects under construction after customers lodge police complaints
Responding to Ho Chi Minh City police requests for project documents, Vietnam real estate major Novaland says all its projects in southern Vietnam provinces are under construction.
Real Estate - Wed, May 8, 2024 | 5:32 pm GMT+7
Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities
Vietnamese currency dong (VND) is likely to appreciate against the U.S. dollar towards the year-end, narrowing its year-to-date depreciation, analysts with Vietcombank Securities say.
Banking - Wed, May 8, 2024 | 4:00 pm GMT+7
Testing food packaging is a vital step toward ensuring food safety and hygiene: exec
Packaging types that come into direct contact with food are at risk of becoming contaminated with dangerous compounds which are potentially harmful to human health, said Devender Singh, global innovation & technical development leader of food testing company Eurofins Sac Ky Hai Dang Company Limited.
Companies - Wed, May 8, 2024 | 3:34 pm GMT+7
Green products key for An Phat Bioplastics to dominate market: chairman
An Phat Bioplastics JSC, listed on the Ho Chi Minh Stock Exchange (HoSE) as AAA and a subsidiary of Hanoi-headquartered An Phat Holdings, will focus on researching and developing new products to diversify its green product portfolio and quickly dominate export markets, said its chairman Nguyen Le Thang Long.
Executive Talk - Wed, May 8, 2024 | 2:24 pm GMT+7
Vietnam logistics firms small but dynamic: insider
Foreign-invested enterprises hold the lion's share of Vietnam's logistics market, but domestic firms are becoming more dynamic despite their small scale, said Duong Quang Duy, CEO of VietAviation Logistics.
Economy - Wed, May 8, 2024 | 1:37 pm GMT+7
