Vietnam’s tech industry is booming. For growth to continue, however, Vietnam must cultivate an increasingly skilled tech workforce and develop new capabilities in research, problem solving, and client service. But building such capabilities requires a major mindset shift at educational institutions, which typically emphasize rote learning over problem solving. Such a change will also challenge companies that opt for rigid hierarchy over the flatter structures that encourage creativity and initiative. To overcome these challenges, many Vietnamese tech companies are partnering with educators, NGOs, and government agencies. Although some companies still think of Vietnam as simply a place for cheap labor, the forward-thinking ones know the country has deeper potential. More
Tag Index / Showing 1 - 3 of 3 results for “electronics”
Electronics Manufacturers Bet Big on Vietnam
Attracted by low labor costs and other advantages, global electronics manufacturers invested billions in Vietnam over the past few years. As they continue to build new factories in 2014, Vietnam’s economy will benefit from the influx of foreign capital, talent, and technology. A small player in the global electronics supply chain just a decade ago, Vietnam exported $38 billion in devices and components last year, according to data from the International Trade Center. Although this pales next to the $560 billion shipped by China, the world’s leading producer of electronics, Vietnam now ranks as the 12th largest electronics exporter in the world. More
How the “Connected Car” Will Change Detroit
As we approach a future of electronic, connected, and networked automobiles, will Detroit’s auto industry also evolve? Cars are relying more heavily on electronics (the market for electronic systems is expected to grow from $170 billion in 2011 to $263 billion in 2016), and R&D is adapting appropriately, SmartPlanet reports. The “connected car” of the future will feature entertainment and web connectivity, fuel economy features, and vehicle safety and efficiency improvements—including, for instance, the capability for cars to respond to changes in the environment and act automatically to protect their occupants. More
Newsletter