Intel, Vingroup form partnership on advanced technologies

By Tuong Thuy
Tue, May 31, 2022 | 11:33 am GMT+7

American tech giant Intel and Vietnam’s largest listed conglomerate Vingroup signed a strategic partnership agreement on Tuesday to jointly develop advanced technologies.

The memorandum of understanding, inked in Hanoi, is for creating a wide range of advanced computing systems, including 5G enabled smart city and smart building solutions, smart manufacturing processes, cloud services and AI, as well as advanced driver assistance systems (ADAS) based on Mobileye technology.

The collaboration is part of Vingroup's continued efforts to work with top global firms that can effectively back it in manufacturing development, smart services, and electric vehicle initiatives. Intel is at the forefront of data analytics, artificial intelligence and in-vehicle computing advancements that are changing the experience and business of driving.

Vingroup Vice Chairwoman Le Thi Thu Thuy shakes hands with Intel CEO Pat Gelsinger at the signing ceremony in Hanoi on May 31, 2022. Photo courtesy of Vingroup.

Vingroup Vice Chairwoman Le Thi Thu Thuy shakes hands with Intel CEO Pat Gelsinger at the signing ceremony in Hanoi on May 31, 2022. Photo courtesy of Vingroup.

"The digitization of everything is contributing to the insatiable need for semiconductors, especially in the automotive sector,” said Intel CEO Pat Gelsinger.

“Intel has the depth and breadth of software, silicon and platforms, and process with at-scale manufacturing our partners need for their next-generation innovations. This collaboration with Vingroup can help deliver needed technology innovations for safer roads, more sustainable manufacturing and smarter cities," he added.

Le Thi Thu Thuy, Vice Chairwoman of Vingroup, said: "Vingroup has always been a pioneer in bringing consumers smart products and services integrated with world-class technologies, advanced features and outstanding experiences to improve their lives. We work towards realizing this vision through partnerships like this, to create a smarter and more sustainable future for everyone."

Under the deal, the duo will work to explore opportunities for 5G-enabled smart city and smart building solutions, which can be applied to Vinhomes' Smart City projects. They will also work to collaborate around creating and deploying smart factory solutions for VinES batteries manufacturing and VinFast electric vehicle production.

In addition, the pair will define and build both an optimized and scalable computing architecture for AI training and inference for Vingroup's in-vehicle and cloud applications that enables a specific in-vehicle experience for consumers and an optimized multi-cloud strategy to potentially migrate and deploy open-source in-vehicle and in-building applications.

The applications can include high-performance data management systems for ADAS and Infotainment, manufacturing and supply chain management along with enterprise solutions for Vingroup facilities.

Also under the deal, both companies will work together to define a shared vision of future in-vehicle computing platforms and build scalable in-vehicle computing platforms for ADAS based on Mobileye technology and infotainment systems that deliver in-vehicle experience for Vingroup and VinFast customers, while creating a suite of services that will differentiate them from competitors.

Conglomerate Vingroup has recently adjusted its orientation and redefined three key groups of activities, namely technology and industry, trade and services, and social enterprise.

To develop the technology and industry group, it focuses on two main strategies - building its technology ecosystem and connecting global intelligence; and cooperating with world-leading technology partners to accelerate the application of the most advanced and new technologies to its products and services.

Gelsinger last Friday said the American giant has plans to expand business and investment in Vietnam. "Vietnam is an attractive destination for foreign investors as this is a dynamic economy and a promising market," he told Prime Minister Pham Minh Chinh in their meeting in Hanoi.

Intel's expansion in Vietnam in the coming period would feature environmentally friendly, high technology and close cooperation with Vietnamese enterprises, he added.

Comments (0)
  • Read More
AI to reshape Malaysia’s economic landscape: expert

AI to reshape Malaysia’s economic landscape: expert

Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also groundbreaking opportunities for growth, job creation, and innovation, according to an expert.

Southeast Asia - Sun, April 27, 2025 | 5:35 pm GMT+7

Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman

Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman

Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, will continue to grow even if the market stagnates or retreats, said chairman Nguyen Duc Tai.

Companies - Sun, April 27, 2025 | 5:24 pm GMT+7

Thailand plans to inject $15 bln into economy

Thailand plans to inject $15 bln into economy

Thailand's Ministry of Finance aims to inject over THB500 billion ($15 billion) into the economy to boost the country's GDP growth by over 1.8%, focusing on stimulating consumption, investment, and providing soft loans.

Southeast Asia - Sun, April 27, 2025 | 1:54 pm GMT+7

New southern Vietnam plant to bring 'sustainable, long-term benefits' to Nam Kim Steel: chairman

New southern Vietnam plant to bring 'sustainable, long-term benefits' to Nam Kim Steel: chairman

Vietnamese steel major Nam Kim's 1 million-ton Phu My plant in the southern province of Ba Ria-Vung Tau is expected to create sustainable and long-term benefits for the company, said CEO Vo Hoang Vu.

Companies - Sun, April 27, 2025 | 1:42 pm GMT+7

Techcombank eyes market cap of $20 bln by end-2025: chairman

Techcombank eyes market cap of $20 bln by end-2025: chairman

Techcombank, one of Vietnam’s major private lenders, aims to expand its market capitalization to $20 billion by the end of 2025, said chairman Ho Hung Anh.

Banking - Sun, April 27, 2025 | 10:40 am GMT+7

Vietnam’s private lender Sacombank to trim payroll, acquire securities broker

Vietnam’s private lender Sacombank to trim payroll, acquire securities broker

Sacombank, a mid-sized private lender in Vietnam, plans to downsize its headcount in 2025-2026 as part of its push toward digital transactions.

Banking - Sun, April 27, 2025 | 10:18 am GMT+7

Vietnam property giant Nam Long eyes 35% profit hike for 2025 on strong housing demand

Vietnam property giant Nam Long eyes 35% profit hike for 2025 on strong housing demand

Nam Long Investment Corporation, a major real estate developer in southern Vietnam, aims to achieve a net profit of VND701 billion ($27 million) in 2025, up 35% year-on-year, driven by strong local housing demand.

Companies - Sun, April 27, 2025 | 8:17 am GMT+7

SK may adjust ownership at Vietnam-based pharmacy major Imexpharm

SK may adjust ownership at Vietnam-based pharmacy major Imexpharm

South Korean chaebol SK Group may adjust its stake at Vietnam-based pharmaceutical company Imexpharm as part of a comprehensive portfolio review across the group, including all of SK’s global assets.

Companies - Sat, April 26, 2025 | 7:00 pm GMT+7

Vietnam's PVOIL owns 423 petrol stations with EV chargers following partnership with VinFast

Vietnam's PVOIL owns 423 petrol stations with EV chargers following partnership with VinFast

PVOIL, a subsidiary of state-owned giant Petrovietnam, had 423 petrol stations with electric vehicle (EV) chargers nationwide as of March 2025, through its partnership with EV maker VinFast.

Companies - Sat, April 26, 2025 | 2:53 pm GMT+7

Indonesia expects 5% economic growth despite IMF forecast revision

Indonesia expects 5% economic growth despite IMF forecast revision

Indonesian Finance Minister Sri Mulyani Indrawati has expressed confidence that the country’s economy will grow by up to 5% in 2025, despite the International Monetary Fund (IMF) having revised down the national growth forecast to 4.7%.

Southeast Asia - Sat, April 26, 2025 | 10:58 am GMT+7

Vietnam's dairy giant Vinamilk to be safe and sound amid US tariff storm: CEO

Vietnam's dairy giant Vinamilk to be safe and sound amid US tariff storm: CEO

Vietnam’s largest dairy maker Vinamilk will not be significantly affected by U.S. reciprocal tariffs and global trade competition as its largest share lies in the domestic market, said CEO Mai Kieu Lien.

Companies - Sat, April 26, 2025 | 10:51 am GMT+7

Vietnam's EV startup VinFast posts 192% surge in 2024 deliveries, eyes double figure in 2025

Vietnam's EV startup VinFast posts 192% surge in 2024 deliveries, eyes double figure in 2025

Vietnamese electric vehicle (EV) manufacturer VinFast recorded robust revenue growth in its unaudited Q4 and 2024 financial statements, driven by strong vehicle deliveries despite global market uncertainties.

Companies - Sat, April 26, 2025 | 8:28 am GMT+7

Vietnam’s first rice husk-fueled biomass power plant inaugurated

Vietnam’s first rice husk-fueled biomass power plant inaugurated

A biomass power plant using rice husk and woodchips as fuel was inaugurated on Friday in Vietnam's Mekong Delta province of Hau Giang.

Southeast Asia - Fri, April 25, 2025 | 11:13 pm GMT+7

Bestway International launches $300 mln plant in southern Vietnam

Bestway International launches $300 mln plant in southern Vietnam

Chinese group Bestway International has launched a $300 million investment project in Vietnam's southern city of Can Tho, signaling a significant boost in large-scale foreign investment for the Mekong Delta region.

Southeast Asia - Fri, April 25, 2025 | 11:10 pm GMT+7

Indonesia accelerates tariff talks with US

Indonesia accelerates tariff talks with US

Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has met with U.S. Secretary of the Treasury Scott Bessent to promote tariff talks with the U.S.

Southeast Asia - Fri, April 25, 2025 | 11:06 pm GMT+7

Swedish giant Syre strikes deal for $1 bln circular textile project in central Vietnam

Swedish giant Syre strikes deal for $1 bln circular textile project in central Vietnam

Binh Dinh province and Sweden’s leading textile manufacturer Syre on Friday signed an MoU for a $1 billion polyester fabric recycling complex which aims to position Vietnam as the world’s first high-tech, circular textile hub.

Industries - Fri, April 25, 2025 | 10:53 pm GMT+7