Intel, WB to help Danang with semiconductor, AI training

By Thanh Van, Minh Hue
Wed, February 28, 2024 | 8:22 pm GMT+7

U.S.-based Intel Corporation and the World Bank have pledged to support the central city of Danang train residents in semiconductor and artificial intelligence (AI).

Intel and WB representatives made their commitments during working sessions held Monday (Washington time) with a delegation from Danang led by permanent Vice Chairman Ho Ky Minh.

Danang Vice Chairman Ho Ky Minh (third left) presents a gift to World Bank represenatives in the U.S., February 26, 2024. Photo courtesy of the Danang working delegation.

Danang Vice Chairman Ho Ky Minh (third left) presents a gift to World Bank represenatives in the U.S., February 26, 2024. Photo courtesy of the Danang working delegation.

Working with the WB representatives, Minh introduced the city’s investment environment and strengths, especially in hi-tech development, investment attraction, and human resource training in AI and semiconductor chip production.

He proposed the WB supports the central city in training its workforce in these fields.

Alex Twinomugisha, the WB’s senior education technology specialist, said that the bank has been actively contributing to Vietnam's development, especially in education.

It has spent $400 million supporting universities in Vietnam in improving facilities, research centers and financial and management capacity. Of this, $100 million has been provided to the University of Danang, he said.

In the near future, the WB will continue to support Vietnam through by advising the Ministry of Education and Training on education development towards enhancing Vietnam's global value chain until 2045 and assisting the Ministry of Planning and Investment in developing semiconductor and AI resources, he added.

The two sides agreed to meet in mid-March to discuss deeper cooperation.

Twinomugisha affirmed that the WB will cooperate closely with Danang’s semiconductor and artificial intelligence center and support AI research at local universities.

Thanking the WB for its support, Minh proposed that it expands the project to develop STEM (Science, Technology, Engineering and Mathematics) training for high school students in the city.

"STEM and semiconductor human resource training are very important for Danang and the city will continue to concretize and develop this area in the coming time," he said.

Meanwhile, Intel and Danang agreed on specific cooperation content related to AI training.

Minh said Danang was a locality with suitable infrastructure to develop this field, citing the 1,100-hectare Danang Hi-Tech Park - one of three national facilities in Vietnam.

Danang Vice Chairman Ho Ky Minh (third right) presents a gift to the Intel represenatives at their meeting in the U.S., February 26, 2024. Photo courtesy of the Danang working delegation.

Danang Vice Chairman Ho Ky Minh (third right) presents a gift to the Intel represenatives at their meeting in the U.S., February 26, 2024. Photo courtesy of the Danang working delegation.

The city has software and information technology parks ready to serve businesses coming to the city to research and develop AI, he added.

Minh said the city was developing policies to attract foreign experts and overseas Vietnamese to work in the field of semiconductor and AI development. These policies are expected to be approved by June 2024.

Sarah Kemp, vice president of international government affairs for Intel, said cooperation between Danang and Intel was not only an important step in building qualified professional human resources to meet requirements of the technology market, but also one that would open up many new development opportunities.

In turn, this would create job opportunities for locals and create conditions for local researchers and businesses to access modern technology, she added.

Comments (0)
  • Read More
China's Exquisite Power launches $20 mln battery factory in Vietnam

China's Exquisite Power launches $20 mln battery factory in Vietnam

China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.

Industries - Sat, January 18, 2025 | 10:46 pm GMT+7

Central Vietnam city licenses 3 FDI projects worth $190 mln

Central Vietnam city licenses 3 FDI projects worth $190 mln

Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.

Industries - Sat, January 18, 2025 | 10:35 pm GMT+7

Thailand to launch new carbon credits market

Thailand to launch new carbon credits market

Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.

Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7

Malaysia defines two priorities to ensure food security

Malaysia defines two priorities to ensure food security

Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.

Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7

Foxconn doubles investment in central Vietnam province to $200 mln

Foxconn doubles investment in central Vietnam province to $200 mln

Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.

Industries - Sat, January 18, 2025 | 4:07 pm GMT+7

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

Vietnam’s GDP growth can reach 6.6% in 2025, the World Bank said in the newly-released January edition of its “Global Economic Prospects” report.

Economy - Sat, January 18, 2025 | 10:36 am GMT+7

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Adamed Pharma, a leading pharmaceutical and biotechnology group in Poland, plans to expand its investment in Vietnam, said Malgorzata Adamkiewicz, president of the company’s supervisory board.

Industries - Sat, January 18, 2025 | 10:16 am GMT+7

PM calls on Polish companies to expand investments in Vietnam

PM calls on Polish companies to expand investments in Vietnam

Vietnamese Prime Minister Pham Minh Chinh has asked Polish companies to increase their investments in Vietnam, capitalizing on the EU-Vietnam Free Trade Agreement (EVFTA).

Industries - Sat, January 18, 2025 | 10:07 am GMT+7

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

The global investment landscape offers abundant opportunities for Vietnamese brands to expand internationally, but startups must prioritize self-improvement and readiness, says Nguyen Phi Van, chairwoman of Go Global Holdings, a company specializing in franchising.

Companies - Sat, January 18, 2025 | 9:00 am GMT+7

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Real estate developer Tan Hoang Minh Group has proposed the central province of Quang Binh allow it to study the building of a VND15 trillion ($592 million) ecotourism area in Le Thu district.

Real Estate - Sat, January 18, 2025 | 8:00 am GMT+7

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany’s energy company wpd plans to invest VND4,600 billion ($181.62 million) in building a 143 MW wind power plant in Vietnam’s central coastal province of Binh Dinh.

Energy - Fri, January 17, 2025 | 10:21 pm GMT+7

BRICS – new key export market of Indonesia

BRICS – new key export market of Indonesia

Indonesia’s non-oil and gas exports to the five major BRICS nations reached $84.37 billion in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).

Southeast Asia - Fri, January 17, 2025 | 9:54 pm GMT+7

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Binh Son Refining and Petrochemical JSC, the operator of Vietnam’s first oil refinery Dung Quat, officially listed over 3.1 billion BSR shares on the Ho Chi Minh Stock Exchange (HoSE) on Friday, marking a rare "blockbuster" debut on the major bourse in recent years.

Companies - Fri, January 17, 2025 | 6:59 pm GMT+7

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

The State Bank of Vietnam, the country's central bank, on Friday announced the mandatory transfers of two "weak" private banks under its special control, GPBank and DongA Bank, to VPBank and HDBank respectively.

Banking - Fri, January 17, 2025 | 4:32 pm GMT+7

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

Vietnam’s Ministry of Industry and Trade does not plan to extend the direct power purchase agreement (DPPA) mechanism to non-manufacturing consumers using the national grid.

Energy - Fri, January 17, 2025 | 3:50 pm GMT+7

Two foreign giants eye luxury marina, resort projects in central Vietnam

Two foreign giants eye luxury marina, resort projects in central Vietnam

Swiss investment fund Finance Suisse and the world’s leading superyacht builder Palmer Johnson are looking for opportunities to invest in a super-luxury marina and a resort in the south-central Vietnam province of Binh Dinh.

Industries - Fri, January 17, 2025 | 3:18 pm GMT+7