From August 22 to 24, TMA Solutions actively participated in the Mega US Expo, a significant trade promotion event bridging Korea and Vietnam across various industries. This expo offered TMA a prime opportunity to engage in B2B matching sessions with leading IT companies, including PlusDot, National C&amp;D, WOODANG, Intween, Hexavell, and Bluefrog. These meetings were instrumental in uncovering valuable insights and exploring potential collaborations. By connecting with key players in the IT sector, TMA not only expanded its network but also laid the groundwork for future partnerships that could drive innovation and growth. The Mega US Expo was a crucial platform for TMA, helping us build stronger relationships and expand our reach in the industry.

TMA participated in the Mega US Expo. This event served as a major trade promotion platform between Korea and Vietnam. We had the opportunity to engage in B2B matching sessions with various IT companies, including PlusDot, National C&D, WOODANG, Intween, Hexavell, and Bluefrog... 

TMA Solutions |  TMA Explores IT Collaboration at Mega US Expo

TMA Explores IT Collaboration at Mega US Expo

On August 22, TMA participated in the InnoEx event, a gathering of numerous companies focused on innovation and sustainable growth. The event was organized by the Ho Chi Minh City Young Business Association (YBA), the Business Startup Support Center (BSSC), and Vietnam’s Investment and Business Partners (IBP). This year's InnoEx focused on the theme "Innovation &amp; Green Economy," highlighting the importance of sustainable practices in driving business growth. As an annual event, InnoEx plays a crucial role in promoting innovation and fostering collaboration within the business communities of Vietnam and the broader ASEAN region.Through interactions with other participants, TMA explored how technology can play a critical role in promoting innovation and a green economy. The event provided an opportunity to network with other industry leaders and explore potential partnerships aimed at leveraging technology to support sustainable business practices in Vietnam and beyond.

On August 22, TMA participated in the InnoEx event, a gathering of numerous companies focused on innovation and sustainable growth. InnoEx is an annual international event promoting innovation and growth for the business community of Vietnam and the ASEAN region.

TMA Solutions | TMA Joins InnoEx 2024: Innovating for a Green Economy

TMA Joins InnoEx 2024: Innovating for a Green Economy

On August 21st, TMA welcomed a group of MBA alumni from the University of Sydney (USYD) for a visit focused on TMA’s work in Healthtech and Proptech. The alumni had the opportunity to explore practical case studies, gaining insights into how technology is applied in healthcare and property management.During the visit, the USYD alumni toured TMA’s facilities and learned about the company’s ongoing projects. This interaction provided a platform to discuss TMA’s collaborations with Australian companies and universities, as well as potential future partnerships.

On August 21st, TMA welcomed a group of MBA alumni from the University of Sydney (USYD) for a visit focused on TMA’s work in Healthtech and Proptech. The alumni had the opportunity to explore practical case studies, gaining insights ...

TMA Welcomes USYD Alumni to Explore Healthtech and Proptech Projects

On August 20, TMA proudly hosted representatives from 3 IT companies from South Korea. During their visit, we shared valuable insights into our work on CRM, No-Code Web Editor, AI, DevOps, and Mobile Apps. This engagement marks a significant step towards expanding our collaboration opportunities with the South Korean market.During the event, TMA's team presented specific case studies and ongoing projects, focusing on how our solutions have been implemented in various industries. The discussions were interactive, with both sides exchanging ideas and experiences. This visit not only allowed us to showcase our expertise but also helped us better understand the needs and expectations of the South Korean market, paving the way for potential future partnerships.

On August 20, TMA proudly hosted representatives from 3 IT companies from South Korea. This engagement marks a significant step towards expanding our collaboration opportunities with the South Korean market. 

TMA Solutions | TMA Hosts IT Companies from South Korea

TMA Hosts IT Companies from South Korea

Leading global technology conglomerates are turning their attention to the Vietnamese market. In 2023, it is forecasted that Vietnam will become a major producer of crucial semiconductor devices needed worldwide.Vietnam is a potential partner for Japan's semiconductorVietnam's Semiconductor Industry: A Global PlayerProf. Nguyen Mai, Chairman of Vietnam's Association of Foreign Investment Enterprises, assessed the FDI trend in 2022. He noted a significant global FDI flow into Vietnam, particularly highlighting the positive signal of high-quality FDI from top global investors choosing Vietnam as a manufacturing hub. This optimistic trend is expected to continue into 2023.When asked about the investment outlook for Vietnam in 2023, amidst the global economic uncertainties, Prof. Mai shared insights, "Firstly, it's crucial to acknowledge the keen interest of leading global technology conglomerates in Vietnam. Not only Apple, but Microsoft, with Bill Gates allocating substantial funds for philanthropy, still recognizes Vietnam as a promising market and intends to invest resources in the country.""Moreover, other tech giants like Foxconn and notably Intel are investing and collaborating with various U.S. technology companies to establish semiconductor production plants similar to those in Israel and the U.S."In Ho Chi Minh City, Intel has been granted a $1.2 billion investment license for semiconductor chip production. This is Intel's third factory globally, alongside facilities in Scotland and Israel, and it is projected to supply 20% of the world's semiconductor chips by 2030. Prof. Mai anticipates a vibrant semiconductor manufacturing market in Vietnam in 2023, predicting the production of many essential semiconductor products for the global market. He also referenced a French article stating, "Invest in Vietnam for software and digital processing. Vietnam has the conditions for digital transformation and infrastructure development."Similarly, Samsung is investing $1.5 billion in Vietnam, while LG is injecting an additional $1 billion. In Hanoi, the Industrial Zone Management Board granted a license to a Japanese company to produce components for Boeing, ship components, and Shinkansen parts, marking the beginning of a significant support business development in Vietnam. While FDI businesses investing in Vietnam are encouraging, concerns have been raised about transfer pricing. Recent data from the Ministry of Finance revealed that in 2021, 55% of FDI enterprises reported losses, an 11% increase from 2020. He acknowledged that external factors, such as the impact of COVID-19 and global political conflicts, have put many businesses, both foreign and domestic, in challenging situations. Therefore, a comprehensive analysis is required to differentiate between FDI businesses reporting losses due to objective difficulties and those engaging in transfer pricing.Source: VnBusiness

Emerges as a major semiconductor with Intel, Samsung & LG investing billions, this highlights Vietnam's potential as a key global player in the industry

Vietnam Emerges as Semiconductor Hub for Tech Giants' Investments

2023: A Boom in Tech Giants' Investments in Vietnam

The head of the government suggested that Japan support Vietnam in advancing its digital transformation, green transition, and innovation; grow its high-tech and semiconductor industries; and support its biotechnology, pharmaceutical, and medical equipment sectors to support public health care.Tech Giants Converge in Hanoi for Strategic Talks Amid Biden's Vietnam VisitVietnam's Semiconductor Industry: A Global PlayerPrime Minister Pham Minh Chinh (right) hosts a reception for Japanese Minister of Economy, Trade and Industry Nishimura Yasutoshi, Ha Noi, November 3, 2024. Photo by the Vietnam Government PortalAccording to the Northeast nation's Minister of Economy, Trade, and Industry, Japan wants to work with Vietnam to survey, exploit, and process rare earth elements as well as to establish associated industries.During their Friday meeting in Hanoi, the two leaders of Japan and Vietnam discussed the suggestions. Japan's government departments would work with their Vietnamese counterparts through task forces to enhance collaboration, transfer of technology, and training of human resources.Vietnamese Prime Minister applauded the idea of task forces to expedite collaboration on certain projects and said that the Vietnamese government will establish advantageous circumstances to attract Japanese investment.In May, there were three projects totaling JPY61 billion (US$500 million) in official development assistance signed by Vietnam and Japan.Japan is the largest donor of Official Development Assistance to Vietnam, having given the nation loans totaling over $21.6 billion, non-refundable aid, and technical support since 1992.Source: Vietnam Government Portal

Learn about Japan's investment in Vietnam's semiconductor industry boosts collaboration, tech transfer, and positions the country as a key player in hardware.

Vietnam's Semiconductor Industry: Japan's Investment

Vietnam - Potential Partner for Japan's Semiconductor

The world economic and political context is opening up great opportunities for Vietnam to develop the semiconductor chip industry as well as participate in the global value chain.The urgent problem today, according to experts, is the need to have a program to develop quality human resources to serve the industry and implement policies to attract investment and talent to welcome a market of up to 1,000 billion USD in 2030. Semiconductor microchips are considered the foundation of modern computing. A series of devices people are using, such as cars, phones, computers, televisions, airplanes, robots, medical equipment, and other household electronics, all need chips and microcircuit systems to operate.Software solutions of TMA hardware lab for hardware companiesThe "big guys" in the semiconductor industry have expanded to a new area - VietnamVietnam's status and reputation have improved due to political stability and economic progress, which has created prospects for the country to attract some of the world's top semiconductor technology businesses.In order to begin trial production by the end of October, Amkor Technology Group (Korea) is making a hasty investment in a plant located in Bac Ninh province that will produce, assemble, and test semiconductor materials and equipment. The high-tech semiconductor plant project at Yen Phong II-C Industrial Park, with a total investment capital of 1.6 billion USD, will be Amkor's largest facility worldwide.Similarly, Samsung recently held the first round of the GSAT (Global Samsung Aptitude Test) recruiting exam in 2023 to support the R&amp;D Center's (Hanoi) operations as well as the factory's plans to create transistor grids. Thai Nguyen is home to Samsung Electro-Mechanics Vietnam (SEMV). The project in question has a capital of more than $2.6 billion.In the meantime, operating companies in Vietnam are consistently expanding the scope and location of their initiatives. For instance, the authorities of Hoa Binh province have recently been approached by Meiko Group (Japan) to assist the establishment of a plant manufacturing various electronic circuits, which would require an investment of almost 200 million USD, on the left bank of Song Da Industrial Park.With a total investment of over 500 million USD, this group of electronic circuit board manufacturers and assemblers made their first investment in 2006. Today, they operate three manufacturing factories that produce and assemble electronic circuit boards.Alternatively, Intel invested over 1 billion USD in Vietnam, and this plant continues to be a major hub for the company's production. Notably, trustworthy sources disclosed that this US-based semiconductor company is thinking about raising additional funding to expand the scope of its project in the Ho Chi Minh City Hi-Tech Park (SHTP).Other international companies investing in the Vietnamese semiconductor market include Qualcomm, Texas Instruments, NXP Semiconductors, SK Hynix, and Hayward Quartz Technology, which together progressively produce an ecosystem of more specialized semiconductors. It can be stated that Vietnam is getting more high-quality, value-added investment projects in tandem with the wave of FDI transfers. Vietnam is a top choice for investors looking to establish a semiconductor sector, as they can test chips, train design engineers, and build facilities for producing semiconductor materials and components. architecture of chips.Notably, large investors in chip design are becoming interested in Vietnam; in the semiconductor sector, the design stage is highly valued and regarded as crucial.How Vietnam is attractive?Difficulties in the supply chain after the COVID-19 pandemic have caused many problems for the world's chip, component, and semiconductor manufacturing industries. In that environment, companies are reorganizing production chains, creating opportunities for many countries, including Vietnam, which is the destination for many of the world's leading chip businesses. According to Mr. CS Chua, President and CEO of Infineon Technologies Asia-Pacific, Vietnam is developing into an important market with a population of nearly 100 million people and a young demographic. becoming an ideal place for multinational companies wanting to recruit technical talent.Vietnam Semiconductor Industry: Key Investment Hub 2021 - 2025US sign a strategic partnership agreement with VietnamThe approximately 100 million-person economy also has certain advantages that can make it easier to enter the semiconductor business, including a sizable and youthful population and a growing pool of talented workers in the electronics sector. Vietnam offers an environment that is conducive to business thanks to its strategic location in Southeast Asia and low labor costs. As it modifies the legal system to conform to international norms, the Vietnamese government is welcoming foreign investment and trade.However, Vietnam boasts a community of regional business owners who have clear objectives for the country's future development trajectory and are constantly eager to learn and grow.Action to enter the billion-dollar marketThe market is expanding quickly due to the rising demand for semiconductor chip products across a wide range of industries, including healthcare, artificial intelligence, automotive manufacturing, electronics, and home appliances. global market for semiconductors.The global semiconductor chip market is expected to reach 1,000 billion USD in sales by 2030, according to data from the American Semiconductor Industry Association (SIA). Sales are now estimated to be around 600 billion USD. This means that Vietnam will have access to markets with potential value in the billions of dollars if it participates in the global semiconductor market.Given that the semiconductor industry is becoming a bigger player in the global economy, the majority of technologically advanced nations have developed policies to encourage and assist the sector while fortifying their ties to one another to gain dominance in it.In terms of electronics exports, Vietnam is now ranked 9th in the world. Given its current strengths, analysts believe Vietnam has a chance to emerge as the global hub for chip design and manufacture, particularly in light of major tech companies' intentions to increase semiconductor component production in the country.Analysts think Vietnam has a huge chance to grow its semiconductor sector and take part in the international semiconductor market. Vietnam needs to overcome several challenges to accomplish this, including building a domestic supply chain, fostering a positive business climate, providing money for research and development, and working with foreign partners.TMA Hardware Lab Paving the Way for Semiconductor Industry AdvancementsTMA Hardware Lab has emerged as a frontrunner in delivering state-of-the-art hardware integration solutions. With over a decade of experience in the field, this visionary lab has designed, integrated, and tested hundreds of devices across various sectors, including IoT, telecom, network, healthcare, automotive, robotics, manufacturing, and smart cities.Technical Prowess and ExpertiseAt the core of TMA Hardware Lab's success are its over 200 embedded engineers who bring a wealth of experience and knowledge to the table. This expert team has seamlessly integrated over 100 devices, showcasing their commitment to quality and precision.Comprehensive ServicesTMA Hardware Lab offers a range of services, encompassing design, testing, integration, and maintenance. They understand the importance of ensuring hardware systems remain at peak performance, and they offer tailored solutions to meet their clients' specific needs. With an extensive grasp of modern technologies, the team can provide high-end hardware services and a holistic approach to each project.Diverse TechnologiesThe Hardware Lab is well-versed in various technologies, including chipsets like ESP, Raspberry, NXP, STM, and PIC. They are proficient in hardware design, using software such as Altium, Kicad, and OrCA. Moreover, their expertise extends to microcontroller units, such as ESP32, NXP32, STM32, and PIC32. They also specialize in domains like IoT (including BLE, LoRaWAN, WiFi-6, and Wi-Fi HaLow) and power electronics, covering Buck, Boost, and Flyback topologies.Efficiency through Hardware IntegrationHardware integration is a key element of their approach, providing businesses with a comprehensive overview of the entire production process. This method enhances workflow efficiency and management, underlining TMA Hardware Lab's commitment to delivering cutting-edge solutions.In an era where hardware and semiconductor advancements are the backbone of technological progress, TMA Solutions' Hardware Lab continues to be a driving force, facilitating innovation and shaping the future of the semiconductor industry. With their exceptional team and unwavering dedication to excellence, TMA Hardware Lab is undoubtedly at the forefront of hardware innovation.TMA Hardware Lab's Expertise in Hardware Integration Propels Semiconductor Industry Forward

Discover Vietnam's rapid growth in the semiconductor sector, attracting major global players. Learn how TMA Hardware Lab is paving the way with cutting-edge hardware integration solutions.

Vietnam's Multibillion-Dollar Semiconductor Industry Potential

Vietnam's Opportunity on the Path to the Multibillion-dollar Semiconductor Industry

The vibrant landscape of Vietnam is poised to host a crucial business meeting, drawing top-tier U.S. semiconductor and digital companies, such as Intel, GlobalFoundries, and Google. This exclusive gathering aligns with President Joe Biden's visit, underscoring a concerted effort to strengthen bilateral ties.Sources familiar with the plan reveal that senior executives from key players like Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing are anticipated attendees. While responses from these companies are pending, the meeting aims to solidify U.S. intentions to amplify Vietnam's influence in diverse facets of chipmaking.On September 10, 2023, US President Joe Biden attended a meeting with the General Secretary of the Vietnamese Communist Party at the Communist Party of Vietnam Headquarters in Hanoi. Photo by Reuters.Semiconductors will take center stage during Biden's visit to Hanoi, marking a pivotal moment as the White House endeavors to formally enhance relations with Vietnam. The roundtable, involving approximately 30 top executives and officials, remains unannounced, leaving uncertainty about potential announcements.Several companies on the list have already made investments in Vietnam, highlighting the nation's appeal. Intel's $1.5 billion chip assembly and testing facility in southern Vietnam, the largest in its global network, stands as a testament to this. Amkor is also contributing to Vietnam's tech landscape with a cutting-edge mega factory near Hanoi. Meanwhile, Marvell has expressed plans to establish a world-class center in the country.U.S. officials emphasize that assembling and designing are segments where Vietnam is likely to experience accelerated growth in the chipmaking industry. However, concerns about a shortage of engineers may temper the industry's trajectory. Vietnam's ambition to establish its chipmaking factories, or fabs, also comes to the fore, with GlobalFoundries specializing in integrated circuits for smartphones, cars, and various applications.Collaboration on artificial intelligence (AI) is another dimension of the evolving ties between the U.S. and Vietnam. The Vietnamese government has engaged in discussions with major chip companies, seeking advice on setting up the country's first fab. This aligns with U.S. officials' belief that an upgraded relationship with Vietnam could foster collaboration in the AI sector, where Google is a major global player.Source: Reuters

U.S. semiconductor and tech giants will gather in Hanoi during President Biden's visit. There are plans to bolster Vietnam's role in global semiconductors.

Chipmaking Collaboration Discussed During Biden's Visit

Tech Leaders Meet in Hanoi During Biden's Vietnam Visit for Strategic Talks

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels. Statistics from the International Telecommunication Union (ITU) showed that about 49% of the world population, or nearly 4 billion people, have yet to be connected to the Internet. It is a chance for Vietnamese ICT firms to reach globally.<ul><li><a href="http://www.tmasolutions.com/news/vietnamese-it-firms-to-improve-earnings-reach-overseas-markets">Vietnamese IT Firms Boost Earnings in ICT Industry</a></li><li><a href="https://www.tmasolutions.com/vietnam-software-outsourcing">Vietnam Software Outsourcing</a></li></ul>Vietnam now ranks 12th in the world in terms of the number of Internet users with over 70 million subscribers. There are roughly 45,000 ICT firms with more than 1 million employees. The country also leads Southeast Asia with 25 software enterprises obtaining Capability Maturity Model Integration (CMMI) certification, surpassing Singapore and Malaysia.In the coming time, the Ministry of Information and Communications MIC together with technology associations will support ICT firms by promoting economic diplomacy in digital technology, tapping global trade mechanisms to market digital technology trademarks, holding digital investment and trade promotion forums and conferences abroad, and advising the Government to sign digital partnership deals with countries, Hung said.Source: vietnamplus

Discover Vietnam's thriving ICT sector, backed by government support and innovation, primed for global impact. Explore the potential of this emerging market.

Domestic ICT firms well-positioned to reach out to the world