Vingroup to build a Vietnamese Sillicon Valley in Khanh Hoa

He stated, "Within the next three years, Vingroup will build the Global Intellectual Connection Centre in Cam Lam (Khanh Hoa) to bring together the world's greatest minds, professionals who own patents, and in-depth research. We will help them refine and implement their plans so that Vietnam may host a "Silicon Valley" for the world's most distinguished talents.”

Accordingly, Vingroup's expansion pace has increased the requirement for more qualified human resources.

“Furthermore, in order to contribute to our sustainable growth, we need 100,000 employees, of whom 20 per cent must be highly qualified professionals with advanced degrees. Around 10 per cent of these will be sent specifically to Vinfast's manufacturing and commercial facilities in the US and Europe,” he added.

“We firmly believe that Vingroup’s go-global plan will also carry the aspiration of Vietnam to conquer the international market. To fulfil this dream, human resources are the key.”

Besides Vingroup, recent efforts have been made by the Army Software Park and the National Innovation Centre to build the National Dual-Use Startup Complex in Khanh Hoa as a pilot project.

Venture capital investment flows into Vietnam, particularly from Singapore, are on track to surpass the previous level, propelled by the country’s buoyant tech startup scene.

The conglomerate Vingroup, through VinES Energy Solutions JSC, announced cooperating with Gotion Inc. to develop its second lithium battery factory with the total investment capital of VND6.3 trillion ($273.9 million) in the central province of Ha Tinh.