Intel, WB to help Danang with semiconductor, AI training
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.
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.
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.
- Read More
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7
Vietnam Education Publishing House faces challenges in curbing fake textbooks
The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.
Companies - Wed, September 17, 2025 | 3:54 pm GMT+7
Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio
National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.
Finance - Wed, September 17, 2025 | 3:20 pm GMT+7
Hoa Phat Agriculture submits documents for IPO
Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.
Companies - Wed, September 17, 2025 | 3:03 pm GMT+7
Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam
Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.
Energy - Wed, September 17, 2025 | 11:49 am GMT+7
Thailand - one of Southeast Asia’s fastest-growing markets for AI
Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.
Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam
Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.
Finance - Wed, September 17, 2025 | 8:00 am GMT+7
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7