On January 7th, 2025, a delegation from Verysell Group’s Board of Directors traveled from Europe to Vietnam along with SmartDev’s Executives to engage in a high-level discussion with VINASA. This strategic visit underscores Verysell’s unwavering commitment to fostering innovation and strengthening its presence in Vietnam’s thriving technology landscape. Additionally, in keeping with Vietnamese traditions, the delegation presented gifts to VINASA ahead of the Lunar New Year, recognizing the significance of Tet as a time for strengthening business relationships and expressing goodwill.
The Vietnam Software and IT Services Association (VINASA) is the leading organization representing Vietnam’s software and IT services industry. Established to drive the country’s digital transformation, VINASA plays a pivotal role in connecting local technology companies with global partners, fostering innovation, and advocating for policies that support the growth of the ICT sector. Through its strategic initiatives, VINASA aims to position Vietnam as a major hub for technology development, particularly in artificial intelligence, software engineering, and digital transformation.
1. Key Delegation Members
Verysell Group and SmartDev Representatives
- Mr. Mikhail Krasnov – Executive Chairman, Verysell Group
- Mr. Petr Krasnov – Group CEO, Verysell Group
- Mrs. Nguyen Ngoc Ha – Marketing Director, SmartDev
- Mr. Dao Huu Hung – Chief AI Scientist, SmartDev
VINASA Representatives
- Ms. Nguyen Thi Thu Giang – Deputy Chairwoman cum General Secretary
- Ms. Le Thi Anh Tuyet – Program Manager
- Mr. Do Thanh Binh – Program Manager
Alongside key representatives from VINASA, this distinguished group engaged in discussions revolving around the future of AI adoption, digital transformation, and the evolving role of Vietnam as a global technology powerhouse. SmartDev, already an active participant in the Vietnamese IT sector, plays a crucial role in the group’s broader ambition to bridge European technological expertise with Vietnam’s dynamic and rapidly growing ICT sector.
2. Key Topics in Our Discussion
The Merger of MIC and MST
One of the critical developments discussed during the visit was the recent merger of Vietnam’s Ministry of Information and Communications (MIC) with the Ministry of Science and Technology (MST). This strategic consolidation is expected to streamline policy-making, foster innovation, and enhance the country’s digital transformation initiatives. For Verysell Group, this presents a golden opportunity to align with Vietnam’s new technological direction. By engaging in early-stage collaborations with government-backed projects and public-private partnerships, we can position ourselves at the heart of this transformation, influencing and shaping the future of digital infrastructure, AI policies, and innovation frameworks.
Deputy Prime Minister Bui Thanh Son:” The merger of the Ministry of Science and Technology and the Ministry of Information and Communications will create a new strength for the science, technology, and communication sector.” – Source: VnEconomy
Vietnam’s AI and Semiconductor Industry Boom
Strategic Developments and Investments
Vietnam is increasingly prioritizing AI chip production by partnering with major international firms such as Nvidia. These collaborations are instrumental in fostering innovation and positioning Vietnam as a key contributor to the global semiconductor ecosystem.
Source: Source of Asia
Technology hubs in cities like Da Nang and Binh Dinh are at the forefront of this transformation, serving as incubators for semiconductor and AI research. These hubs are not only driving local talent development but also attracting significant foreign investment, reinforcing Vietnam’s status as an emerging leader in high-tech industries.
Further fueling this momentum, Vietnam is securing substantial investments from major industry players. Intel, for instance, has committed $475 million toward expanding its microelectronics facility in the country, while Taiwan Semiconductor Manufacturing Company (TSMC) is expected to establish operations in Vietnam by 2025. These strategic moves are set to strengthen Vietnam’s semiconductor manufacturing capabilities and further integrate it into the global supply chain.
Pioneering Projects Driving Innovation
One of the most ambitious projects is the transformation of Binh Dinh into a leading science and technology hub. Companies such as FPT and TMA Solutions are playing a pivotal role in this initiative, injecting significant capital into AI-powered research and technological advancements.
FPT has also launched an AI Center in central Vietnam, reinforcing the nation’s commitment to leveraging artificial intelligence for smart city development and economic progress.
Additionally, global design automation firm Synopsys, in partnership with Saigon High-Tech Park, has pledged to provide Vietnamese engineers with advanced training while offering technology licenses worth $20 million. This initiative is expected to not only upskill Vietnam’s workforce but also enhance its position as a key player in semiconductor design and AI-driven innovation.
Source: Source of Asia
For Verysell Group and SmartDev, these advancements represent immense potential. Aligning with Vietnam’s push in AI and semiconductor technology allows us to establish strong partnerships, invest in high-impact research, and expand our footprint in this rapidly growing sector. Our expertise in AI solutions and deep engagement with the semiconductor industry will enable us to drive meaningful contributions to Vietnam’s digital transformation and economic expansion. As these ambitious projects unfold, Verysell is eager to be an active participant in shaping the future of AI and semiconductor technology in Vietnam.
3. VINASA’s Global Influence and Opportunities for SmartDev
VINASA’s active engagement in prestigious international ICT organizations, including the Asian-Oceanian Computing Industry Organization (ASOCIO), the World Information Technology and Services Alliance (WITSA), and the Asia Pacific ICT Alliance (APICTA), highlights Vietnam’s commitment to global collaboration and excellence. These affiliations provide a gateway for Vietnamese tech firms, including SmartDev, to gain international exposure, participate in esteemed global awards programs, and secure recognition for technological innovation.
For SmartDev, participation in these global platforms represents a significant opportunity to showcase its capabilities on an international stage. These memberships facilitate knowledge exchange, foster cross-border collaborations, and enhance networking with industry leaders worldwide. By aligning with VINASA’s global vision, SmartDev is well-positioned to strengthen its brand presence, expand its market reach, and solidify its reputation as a provider of world-class AI and software solutions.
This international exposure further reinforces Vietnam’s—and by extension, SmartDev’s—dedication to advancing the ICT industry through innovation, excellence, and strategic partnerships. As a proud member of the VINASA network, SmartDev stands ready to leverage these affiliations to contribute meaningfully to global digital transformation initiatives.
4. A Strategic Commitment to Innovation and Collaboration
Verysell’s leadership team embarked on this journey with a clear vision: to build enduring relationships that drive technological excellence. This was not merely a ceremonial visit but a pivotal step toward fostering long-term partnerships that will fuel the group’s innovation strategies. Partnering with VINASA offers the entire Verysell Group—SmartDev included—new avenues for cooperation, investment, and knowledge-sharing.
The delegation discussed key initiatives, including:
- Enhancing AI-driven business solutions tailored for global markets.
- Expanding research and development efforts in emerging technologies such as cloud computing, blockchain, and cybersecurity.
- Developing training programs in collaboration with VINASA to nurture Vietnam’s next generation of tech talent.
- Strengthening SmartDev’s role as an AI-driven development hub, utilizing Vietnam’s skilled workforce to deliver world-class solutions.
These discussions underscored VINASA’s vital role in facilitating collaborations between international investors and Vietnamese tech firms, ensuring that companies like Verysell and SmartDev remain at the forefront of global technological advancements.
5. More Than a Visit – A Symbol of Our Global Vision
This journey from Europe to Vietnam is more than just a corporate mission; it is a symbol of our belief in the power of global partnerships. At Verysell, we recognize that true innovation flourishes when expertise from different regions converges. Our commitment to VINASA and the broader Vietnamese tech sector reflects our intent to not only contribute but also learn from the unique strengths of this fast-evolving market.
The visit also served as an opportunity for SmartDev to showcase its ongoing contributions to the Vietnamese tech industry, including its successful AI-driven projects and strategic collaborations with leading enterprises. By reinforcing these efforts with VINASA’s network and resources, we ensure that SmartDev and our other subsidiaries remain competitive in the global market.
6. The Path Forward
As we move forward, Verysell Group remains steadfast in its mission to be a catalyst for technological progress. The engagement with VINASA marks the beginning of an enriched collaboration that will bring new opportunities for innovation, investment, and shared success.
One of the key outcomes of this visit is the establishment of a structured roadmap for collaboration, with concrete plans for joint AI research projects, investment in Vietnamese startups, and the expansion of SmartDev’s AI-driven software solutions into new global markets.
This visit was a commitment to a future where international cooperation leads to groundbreaking achievements. Verysell Group is proud to stand alongside VINASA and SmartDev in this journey of innovation and collaboration. We look forward to deepening our partnerships, exploring new projects, and playing an instrumental role in shaping Vietnam’s digital future.
