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
Vietnam offers numerous advantages for Skoda Auto's investment: executive

Vietnam offers numerous advantages for Skoda Auto's investment: executive

Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.

Industries - Fri, March 28, 2025 | 7:33 pm GMT+7

Vietnam plans to cut import tax for LNG to 2%

Vietnam plans to cut import tax for LNG to 2%

Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.

Energy - Fri, March 28, 2025 | 4:31 pm GMT+7

AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities

AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities

The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.

Energy - Fri, March 28, 2025 | 4:06 pm GMT+7

Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh

Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh

Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).

Industries - Fri, March 28, 2025 | 4:05 pm GMT+7

Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects

Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects

Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.

Energy - Fri, March 28, 2025 | 1:09 pm GMT+7

While the buzz around a market upgrade is back, who is this milestone for?

While the buzz around a market upgrade is back, who is this milestone for?

A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.

Consulting - Fri, March 28, 2025 | 10:31 am GMT+7

Vietnam's private lender VIB seeks strategic shareholders: chairman

Vietnam's private lender VIB seeks strategic shareholders: chairman

Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.

Banking - Fri, March 28, 2025 | 8:31 am GMT+7

Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam

Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam

Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.

Industries - Fri, March 28, 2025 | 8:00 am GMT+7

HCMC's international financial center development to be phased out: city leader

HCMC's international financial center development to be phased out: city leader

Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.

Economy - Thu, March 27, 2025 | 11:11 pm GMT+7

Car producers in Thailand postpone export models

Car producers in Thailand postpone export models

Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.

Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7

Indonesia approves $7 bln budget for food security in 2025

Indonesia approves $7 bln budget for food security in 2025

Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.

Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam rolls out first domestically produced electric scooter

Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.

Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030

The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.

Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant

Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.

Companies - Thu, March 27, 2025 | 8:10 pm GMT+7

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7