Vietnam is getting a little tired of being known for onlycoffee and rice exports. Now, the country is hoping to develop its high-technology industry.
Vietnam may not have its own center for hightech businesses like SiliconValley in the U.S. state of California, but the country is becoming more important in the worldwide manufacturing system.
The country has evenattracted major technology companies like Microsoft, Samsung, and Intel.
In 2012, Prime Minister Nguyen Tan Dung signed a plan for developing science and technology. The plan says that by 2020, the value of high-tech products should make up 45 percent of Vietnam’s gross domestic product.Gross domestic product, or GDP, is the total value of goods produced and services provided in a country during one year.
Investors say Vietnam is a good choice because of its location near Chinaand important shipping routes. They also say that Vietnamese valueteamwork and have a strong work ethic. Many Vietnamese citizens run familybusinesses and have a welcoming attitude to foreigners.
Vietnam has a young, tech-savvy population that is highly interested in tabletsand smartphones. The country also has a large number of recent collegegraduates.
However, education remains a work in progress. While school is of topimportance to most families, businesses often say that students beginworking without necessary skills.
Intel says it tested 2,000 graduates about six years ago. Only 40 of them had the technical ability and language skills the company needed. Since then, Intelhas invested millions of dollars to educate Vietnamese students. SherryBoger is general manager of Intel Vietnam. She said the company sentstudents to universities in the United States or to an Australian university witha campus in Vietnam. Those who received scholarships work for Intel afterthey graduate.
Ms. Boger said one problem is that in Vietnamese classrooms, students donot feel they can ask a lot of questions. She said, “And so what we want to be able to see in the workplace is, employees voice out their ideas, theirconcerns, and that we have a free-flow exchange.”
Vietnam will need this educational progress if it is going to continue developingits technology industry.
Vietnam’s General Statistics Office said electronics recently became thecountry’s top export, worth $21.7 billion in the first eight months of 2014. Butbusinesses mainly put devices together and package them. They do notcreate high-tech products. To do that, Vietnam is hoping for technology helpfrom foreign companies.
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