Vietnam’s tech and investments

Hoa Nguyen (Henry)
2 min readFeb 18, 2021
Photo by imgix on Unsplash

Unlike any other time in my life, this Lunar New Year, I stayed at home and read a bit about information technology and investments in Vietnam. The Tet festival was a mix of good and bad news. While some provinces and cities had been applying strict measures to cope with Covid-19 spreads, the good news came with new projections for the country’s development in terms of foreign direct investment (FDI) in tandem with new economic priorities road-mapped by the 13th National Party Congress.

Hai Phong was highlighted as a new venue for Pegatron, a Taiwanese electronics manufacturer, as they firmly purchased a $22.9 million land plot for a new plant to be built later this year. Previously, Pegatron broke the news with a $1 billion production capacity project[1].

In Ho Chi Minh City, a further $475 million investment would be added to Intel Products Vietnam’s $1.5 billion total[2].

According to the General Statistics Office (GSO), Vietnam reached $50.9 billion in the export of phones and components, or 18.1 percent of its export turnover[3].

Those numbers are some among the bigger picture. A total of more than 30 thousand projects operating in the country as of the end of 2020, with $384 billion in capital, speaks to the current developments in high-tech sectors. For Vietnam to maintain the current growth momentum, it needs to invest more on quality human resources.


[1] Mario McKellop. (January 6, 2021). Report: Pegatron acquires land for new factory in Vietnam.

[2] Intel invests Additional $475 Million in Vietnam.

[3] Viet Anh. (February 15, 2021). Vietnam’s advantages in the evolving international supply chain.



Hoa Nguyen (Henry)

I love to tell stories. My stories cover issues in digital economy, content creation and sometimes, data science.