Saigon Hi-Tech Park Set for $725 Million Expansion
Ho Chi Minh City has approved a $724.6 million expansion of the Saigon Hi-Tech Park (SHTP), aiming to transform it into a multidisciplinary hub for science and technology in the city’s eastern region. The expansion, spanning 195 hectares, will be funded through a mix of local and central government budgets, with the latter expected to contribute 30% of the investment. Around $525 million is earmarked for land compensation, clearance, and resettlement, while $175 million will go toward infrastructure development. The project, slated for completion between 2025 and 2033, will also leverage private sector resources to build specialized, fee-based infrastructure.
SHTP has proposed separating land clearance from broader infrastructure development to streamline the process and align the park with sustainable urban models that meet Asian standards. Already home to over 160 projects with investments exceeding $12.3 billion from global tech giants like Intel, Samsung, and NTT, SHTP continues to attract cutting-edge developments. The park recently broke ground on a plasma-based biopharmaceutical production plant, its first project of 2025, which will begin operations in February 2026. This facility will produce 6,000 liters of plasma annually, meeting the medical needs of 250 million people while bolstering Vietnam’s strategic reserves for emergencies and reducing reliance on pharmaceutical imports.
https://vir.com.vn/saigon-hi-tech-park-set-for-725-million-expansion-121803.html
Editor’s Note: Ho Chi Minh City has approved a $725 million expansion of the Saigon Hi-Tech Park (SHTP), aiming to create a multidisciplinary science and technology hub over 195 hectares by 2033. The project will include land compensation, infrastructure development, and private sector contributions, with a focus on sustainable urban models. The expansion strengthens SHTP’s appeal to foreign companies, offering a prime location for global tech and biotech investments.
AI-Driven Smartphones Enhance Daily Life for Vietnamese Users
The rise of AI-powered features in smartphones is revolutionizing convenience and creativity for Vietnamese users, particularly during Tet celebrations. AI-assisted cameras are leading the way, allowing users to effortlessly capture professional-grade photos. Popular features include automatic adjustments, smart subject removal, and enhanced background tools, found in models like the iPhone 16 series, Oppo Find X8, and Xiaomi Redmi Note 14 Pro. For users like Khanh Huyen from Ho Chi Minh City, the technology eliminates the need for professional photographers, enabling spontaneous, high-quality photography. Tech enthusiasts also praise AI’s ability to remove unwanted objects and enhance visuals, ensuring perfect shots every time.
Beyond cameras, AI is transforming smartphones into versatile tools for multitasking and productivity. Devices like the Honor X9c and Oppo Reno13 integrate features such as AI note-taking, smart voice translation, and augmented reality applications, enhancing tasks like content summarization and real-time translation. Marketing director Anh Hong of 24hStore predicts that AI will soon become a standard feature in smartphones, with innovations like natural language search and image creation driving competition in the market. As AI evolves, Vietnamese users are embracing its potential to simplify and elevate their everyday lives.
Vietnam’s Telecom Giants Post Record Profits in 2024
Vietnam’s major telecom providers, including Viettel, MobiFone, and VNPT, achieved remarkable business results in 2024, with significant growth in revenue and profits. Viettel led the sector with VND190 trillion ($7.5 billion) in revenue, marking a 10.3% year-on-year increase, and VND51 trillion ($2 billion) in pre-tax profits, surpassing its target by 111%. VNPT reported VND58.5 trillion ($2.3 billion) in revenue and VND6.08 trillion ($24 million) in pre-tax profits, reflecting a 7% year-on-year growth. Meanwhile, MobiFone achieved VND2.05 trillion ($80.6 million) in pre-tax profits, exceeding its annual target by 20.6%, bolstered by innovative products like its “Make in MobiFone” national brand initiative.
Despite challenges in the local market, the telecom sector flourished, with workers benefiting from increased incomes. Viettel’s employees saw a 6% year-on-year income rise, with parent company staff earning an average monthly salary of VND48.14 million ($1,895). Across the group, the average salary reached VND32.46 million ($1,278). MobiFone, with over 4,000 employees, reported an average monthly income of VND40 million ($1,575). These positive financial and workforce developments underscore the sector’s resilience and its pivotal role in Vietnam’s economy.
Editor’s Note: In 2024, Vietnam’s telecom giants, including Viettel, MobiFone, and VNPT, posted record profits, with Viettel leading with $7.5 billion in revenue and $2 billion in pre-tax profits. Despite local market challenges, the sector saw growth, with significant increases in employee incomes, underscoring its resilience and importance to the economy. This signals to foreign investors that Vietnam’s telecom industry is thriving and offers robust potential for international partnerships.
World Bank Projects Vietnam to Lead Asia-Pacific Growth in 2026
Vietnam’s economy is set to outpace its regional peers with a projected GDP growth of 6.3% in 2026, according to the World Bank’s latest Global Economic Prospects report. Despite a slight downgrade from previous forecasts, Vietnam remains the fastest-growing economy in the Asia-Pacific region, surpassing countries like Mongolia (6.1%), the Philippines (6%), and China (4%). The World Bank attributed Vietnam’s robust performance to its strong export capabilities and resilient domestic demand, which continue to bolster its economy. In 2025, the country’s GDP growth is expected to hit 6.6%, an upward revision from earlier estimates.
While Vietnam shines as a regional standout, the World Bank flagged potential challenges for the East Asia and Pacific region, including China’s economic slowdown, global trade uncertainties, and rising geopolitical tensions. The report also emphasized the risks posed by inflation and climate change-driven natural disasters, which could pressure growth prospects. Regional GDP growth, excluding China, is forecast at 4.7% in 2026, supported by domestic demand and a recovery in tourism and trade. Globally, economic growth is expected to stabilize at 2.7% through 2024 to 2026.
Editor’s Note: The World Bank projects Vietnam will lead Asia-Pacific growth in 2026 with a 6.3% GDP increase, outpacing regional peers like Mongolia, the Philippines, and China. This growth is driven by strong exports and resilient domestic demand, with an upward revision for 2025 at 6.6%. Despite challenges in the region, including China’s slowdown and geopolitical risks, Vietnam’s economy remains a standout in the Asia-Pacific.
Thailand’s Green Electricity Scheme Sees Strong Demand from Private Sector
Thailand has launched a new green electricity initiative, offering 2 billion units of renewable energy to businesses as part of its push for sustainability and economic competitiveness. The program, led by the Energy Regulatory Commission (ERC) in collaboration with three state-owned electricity authorities, has already attracted significant interest, with 600 million units reserved by banks, department stores, and petrochemical companies. This rapid uptake reflects the private sector’s growing commitment to reducing carbon emissions and embracing sustainable practices.
The scheme includes a premium rate for green electricity, slightly higher than standard rates, but businesses remain undeterred, drawn by the opportunity to secure International Renewable Energy Certificates verifying their use of clean energy. By providing green electricity options, Thailand aims to position itself as a regional leader in sustainable development, attract environmentally conscious foreign investors, and drive economic growth while reducing its carbon footprint.
https://www.nationthailand.com/business/corporate/40045517
Editor’s Note: Thailand’s green electricity initiative, offering 2 billion units of renewable energy, has seen strong demand from businesses like banks, department stores, and petrochemical companies, reflecting a growing commitment to sustainability. Despite a premium rate, companies are eager to secure International Renewable Energy Certificates to verify their use of clean energy. This initiative positions Thailand as a regional leader in sustainability, offering foreign companies an opportunity to invest in a greener, economically competitive market.
Oppo Ordered to Investigate Alleged Data Breach in Thailand
The Personal Data Protection Commission (PDPC) has instructed Chinese electronics giant Oppo to conduct an urgent investigation and risk assessment following allegations of a data breach involving its Thai operations. A post on the dark web reportedly offered 165 gigabytes of Oppo Thailand’s data for sale for $20,000, including sensitive customer details, employee records, and internal operational information. Oppo has been given 72 hours to determine whether a breach occurred and to outline measures taken to address and prevent further risks.
The PDPC’s Eagle Eye unit, tasked with monitoring and investigating potential personal data breaches, is closely monitoring the situation. Using advanced systems to scan search engines, the dark web, and social media platforms, the unit collaborates with agencies like the National Cyber Security Committee to enforce data protection laws. If violations of the Personal Data Protection Act are confirmed, the PDPC has pledged to pursue administrative actions against those responsible.
https://www.nationthailand.com/business/corporate/40045516
Thailand Showcases Readiness for Digital Economy and AI at Davos
Thailand is prepared to collaborate with global partners to transition into the digital economy and smart technology era, Commerce Minister Pichai Naripthaphan announced during his address at the World Economic Forum 2025 in Davos, Switzerland. Highlighting the nation’s potential in artificial intelligence (AI) and the digital economy, Pichai emphasized Thailand’s focus on infrastructure development, including expanding electricity capacity and investing in data centers and printed circuit board industries to enhance AI efficiency. He also noted interest from multinational investors, such as UAE-based G42, in Thailand’s AI and cloud computing sectors.
Pichai stressed the importance of boosting AI literacy for workers and the elderly to ensure inclusivity during this transition while also attracting digital nomads through Thailand’s advanced infrastructure, public health system, and vibrant tourist attractions. Singapore’s Trade and Industry Minister, Gan Kim Yong, commended Thailand for its leadership in ASEAN’s digital transformation efforts, underscoring the region’s collective push with initiatives like the Digital Economy Framework Agreement as a first step toward AI adoption.
https://www.nationthailand.com/business/tech/40045489
Editor’s Note: At the 2025 World Economic Forum in Davos, Thailand’s Commerce Minister Pichai Naripthaphan highlighted the country’s readiness to transition into the digital economy, focusing on AI, infrastructure, and investments in data centers. He emphasized the importance of boosting AI literacy and attracting digital nomads with Thailand’s advanced infrastructure and vibrant tourism. Pichai’s remarks were supported by Singapore’s Trade Minister, who praised Thailand’s leadership in ASEAN’s digital transformation efforts.
Chulalongkorn University Joins Forces with Huawei to Boost Thailand’s Digital Talent
Chulalongkorn University has partnered with Huawei Technologies (Thailand) and Beijing University of Posts and Telecommunications to address Thailand’s digital skills gap and support the growing ICT sector. With Thailand’s data center and cloud services market projected to grow from $1.463 billion in 2023 to $3.889 billion by 2032, the collaboration focuses on cultivating talent in cloud computing and AI to meet industry demands. Speaking at the Asia Pacific Cloud AI Forum, Chulalongkorn University President Prof. Dr. Wilert Puriwat emphasized the partnership’s role in preparing students for Thailand’s digital transformation, while Huawei highlighted its contribution of training nearly 100,000 digital professionals in the country over the past five years.
The initiative addresses the nation’s need for over 100,000 IT professionals annually by modernizing university curricula and integrating hands-on training from the first year of study. The partnership’s potential was showcased at the Asia Pacific Cloud AI Forum, where industry leaders and developers demonstrated innovative applications of cloud technology, such as AI-powered speech therapy systems. Huawei President Dr. Chawapol Jariyawiroj reaffirmed the company’s commitment to supporting Thailand’s Cloud-First and AI strategies, aiming to position the country as a regional leader in digital innovation and specialized tech solutions across industries.
https://www.nationthailand.com/business/corporate/40045429
Thai PM Courts Google and Salesforce for Digital Investments in Thailand
Prime Minister Paetongtarn Shinawatra met with top executives from Google and Salesforce during the World Economic Forum in Davos to discuss investments in Thailand’s cloud and data centre industry. Ruth Porat, Google’s president and chief investment officer, shared updates on the company’s data centre project in Chonburi, set to be operational within two years, and plans to expand the production of Google products in Thailand. Porat also highlighted Google’s collaboration with Thailand’s Education Ministry in providing digital skills training for students and small business operators. Paetongtarn reaffirmed the government’s commitment to supporting technology investments and invited Google to deepen its presence in the country.
In a separate meeting, Salesforce President Sabastian Niles expressed the company’s readiness to support Thailand’s “Cloud First” policy, modernising public services and enhancing digital literacy among government officials. The discussions included strategies to boost the digital economy by promoting SMEs, startups, and AI solutions, which both parties agreed were critical for future growth. Niles also reiterated Salesforce’s commitment to sustainable initiatives, including its collaboration with Thailand to combat plastic pollution, while Paetongtarn highlighted Thailand’s success in attracting $4.8 billion in investments for digital infrastructure in 2024.
https://www.nationthailand.com/business/investment/40045466
Editor’s Note: At the World Economic Forum in Davos, Thai Prime Minister Paetongtarn Shinawatra met with Google and Salesforce executives to discuss expanding investments in Thailand’s cloud and data center sectors. Google shared plans for a new data center in Chonburi, while Salesforce pledged to support Thailand’s “Cloud First” policy and enhance digital literacy. This highlights Thailand’s growing commitment to technology investments, offering a strong opportunity for foreign companies seeking to engage in the region’s digital transformation.
Thailand Urged to Collaborate with ASEAN to Strengthen Trade Negotiations with US
The National Economic and Social Development Council (NESDC) has recommended that Thailand join forces with other ASEAN nations to negotiate trade agreements with the United States in light of expected high tariffs under the new Trump administration. NESDC secretary-general Danucha Pichayanan emphasized that Thailand alone lacks the bargaining power to secure favorable trade terms with the US, particularly given the likelihood of increased tariffs on countries with trade surpluses. He suggested that ASEAN countries could collectively leverage their combined power to improve negotiation outcomes.
Danucha also addressed concerns that Thailand could face penalties if Chinese companies relocate to avoid US tariffs. He proposed that the Board of Investment (BOI) encourage Chinese firms to form partnerships with Thai businesses, making it clear that their investments are legitimate rather than efforts to sidestep tariffs. He stressed that such collaborations would demonstrate genuine investment intentions and could help Thailand avoid potential penalties in industries suspected of tariff evasion.
https://www.nationthailand.com/business/trade/40045368
ASEAN Strengthens Digital Cooperation with Focus on Cybersecurity and Online Scams
Thailand took the lead in shaping ASEAN’s digital future at the 5th ASEAN Digital Ministerial Meeting, held on January 16-17 in Bangkok. Chaired by Minister of Digital Economy and Society, Prasert Chantararuangthong, the meeting gathered representatives from ASEAN member states and dialogue partners to discuss key issues impacting the region’s digital economy. Among the main topics were combating online scams, enhancing cybersecurity, and advancing digital transformation. The meeting endorsed the ASEAN Online Scam Survey Report and emphasized cross-border collaboration to combat scams, particularly those originating from neighboring countries like Cambodia, Myanmar, and Laos.
In addition, the meeting approved several initiatives, including the ASEAN Digital Economy Framework Agreement to accelerate regional digital transformation, as well as the ASEAN CERT in Singapore and the ASEAN Checklist on Cyberspace Norms to establish cybersecurity standards. Delegates also discussed the development of artificial intelligence (AI) governance and the promotion of responsible AI practices. Bilateral agreements were signed between Thailand and Cambodia, and Thailand and the Philippines, aimed at fostering regional digital cooperation, enhancing e-government services, and combating online scams. The next ASEAN Digital Ministerial Meeting is scheduled for 2026 in Vietnam.
https://www.nationthailand.com/business/tech/40045300
Editor’s Note: At the 5th ASEAN Digital Ministerial Meeting in Bangkok, Thailand led discussions on enhancing digital cooperation, focusing on combating online scams, cybersecurity, and digital transformation. The meeting endorsed initiatives like the ASEAN Digital Economy Framework and established agreements on AI governance and cross-border cybersecurity collaboration. These efforts highlight ASEAN’s commitment to strengthening its digital economy, creating opportunities for regional partnerships and investments in technology.
Malaysia Stands to Benefit from Robust Chip Potential Amid US-China Tensions
KUALA LUMPUR: Malaysia is poised to capitalize on the growing semiconductor industry as geopolitical tensions between the United States and China reshape global supply chains. According to industry experts, Malaysia’s strategic location, well-established semiconductor ecosystem, and pro-business policies position it as a key beneficiary of shifting investments in the sector.
The ongoing US-China trade dispute has led multinational companies to diversify their semiconductor supply chains, with Malaysia emerging as a preferred destination for chip manufacturing, assembly, and testing. The country’s strong infrastructure, skilled workforce, and government incentives further enhance its appeal to global semiconductor firms.
Economists suggest that Malaysia’s proactive approach in attracting foreign direct investment (FDI) and fostering innovation in semiconductor technology will drive long-term growth. The government’s commitment to strengthening research and development (R&D) capabilities and workforce training is expected to bolster Malaysia’s role as a semiconductor hub in the region.
Editor’s Note: As global semiconductor demand continues to surge, Malaysia’s ability to attract investments and maintain a competitive edge will be crucial. With strategic policies and industry collaboration, the country can further solidify its position in the global semiconductor supply chain.
Madani Economy Framework Bears Fruit: Malaysia to Launch Second Chip Design Park, Says PM
LONDON: Malaysia is set to establish its second chip design park as part of its efforts to strengthen the country’s semiconductor industry under the Madani Economy framework. Prime Minister Datuk Seri Anwar Ibrahim announced that the initiative reflects Malaysia’s growing role in the global semiconductor supply chain, reinforcing its position as a hub for high-tech innovation and investment.
In Asean, the Prime Minister said Malaysia is among the prime movers in the area of data centres and artificial intelligence, while pushing for efforts to explore the myriad possibilities in cryptocurrency.
“We are also making efforts to do this sustainably. Malaysia is committed to moving away from existing conventional power generation, increasing renewable energy composition to 70 per cent of the total generation capacity by 2050.
“Ultimately, as an international trading nation, the crosswinds of uncertainty call for a renewed resolve to stay adaptive and ambitious without neglecting the paramount pursuit of sustainable, inclusive, and just growth,” Anwar said.
The Prime Minister emphasized that the Madani Economy framework is yielding tangible results, with increased foreign direct investments (FDI) and expanding opportunities for high-skilled jobs. The initiative aligns with Malaysia’s long-term goal of becoming a key player in the semiconductor and electronics sectors, ensuring sustainable economic growth.
Editor’s Note: The launch of Malaysia’s second chip design park underscores the nation’s commitment to strengthening its semiconductor ecosystem. By investing in high-tech infrastructure and talent development, Malaysia is well-positioned to capitalize on the rising global demand for semiconductor innovation.
US Blockade on AI Chips Won’t Hurt Data Centres in Malaysia, Says Liew Chin Tong
PETALING JAYA: The recent US restrictions on AI chip exports to China are unlikely to impact Malaysia’s data centre industry, according to Deputy Investment, Trade, and Industry Minister Liew Chin Tong. He reassured that Malaysia remains well-positioned as a key hub for data centres and cloud computing despite global semiconductor trade tensions.
Liew emphasized that Malaysia’s growing digital infrastructure, strategic location, and strong partnerships with tech giants ensure continued investment in the sector.He noted that industrial parks should focus on developing supply chains and ecosystems rather than being treated merely as real estate projects.
Addressing the role of community building in the era of environmental, social, and governance (ESG) priorities, Liew expressed hope that real estate developers would embrace their role as nation-builders with a mission to create sustainable and inclusive communities.
Editor’s Note: Malaysia’s resilient data centre industry highlights the country’s adaptability in the evolving global tech landscape. Strategic investments and proactive policies will be crucial in maintaining growth and ensuring Malaysia remains a preferred destination for digital infrastructure expansion.
Gobind: ASEAN Must Set Consistent Digital, Cybersecurity Standards to Boost Digital Economy
BANGKOK: ASEAN countries must establish consistent digital and cybersecurity standards to strengthen the region’s digital economy, says Communications Minister Gobind Singh Deo. He emphasized that uniform regulations are essential to fostering cross-border digital trade, enhancing cybersecurity resilience, and attracting global investments in the technology sector.
Gobind highlighted that as digital transformation accelerates, ASEAN nations must collaborate to create a secure and seamless digital ecosystem. He pointed out that inconsistent cybersecurity policies across member states could hinder regional economic growth and digital integration.
Malaysia is actively advocating for a unified ASEAN cybersecurity framework that promotes data protection, AI governance, and secure digital transactions. The initiative aligns with broader efforts to position ASEAN as a competitive hub for digital innovation, e-commerce, and emerging technologies.
Editor’s Note: Establishing standardized digital and cybersecurity policies is crucial for ASEAN’s digital economy. A harmonized approach will not only enhance security but also facilitate smoother business operations and attract tech-driven investments to the region.
Malaysia, UAE to Strengthen Crypto and Blockchain Policies, Says Binance at ADSW 2025
ABU DHABI: Malaysia and the United Arab Emirates (UAE) are set to collaborate on strengthening cryptocurrency and blockchain policies to enhance regulatory clarity and drive innovation in the sector. Speaking at the Abu Dhabi Sustainability Week (ADSW) 2025, Binance executives highlighted Malaysia’s proactive approach in developing a secure and transparent digital asset ecosystem.
The discussions focused on aligning regulatory frameworks to support the growth of blockchain-based financial services while ensuring compliance with international standards. Malaysia aims to position itself as a hub for blockchain innovation, leveraging partnerships with global players like the UAE to refine its crypto policies.
Industry leaders believe that improved regulatory guidelines will boost investor confidence, promote responsible digital asset adoption, and support financial inclusion. The collaboration also aligns with Malaysia’s broader digital economy agenda, emphasizing blockchain’s potential in finance, supply chain management, and smart contracts.
Editor’s Note: Strengthening crypto regulations through international cooperation is vital for ensuring security and fostering innovation. Malaysia’s engagement with global partners reflects its commitment to establishing a balanced and progressive approach to blockchain and digital assets.