At the inaugural high-level meeting of the “Vietnam Private Economic Panorama” (ViPEL 2025), themed “Public-Private Partnership for a Strong and Prosperous Nation,” the Low Altitude Economy (LAE) Alliance was officially launched.
Simultaneously, the LAE Alliance signed a strategic cooperation agreement with Ho Chi Minh City.
Vietnam LAE brings together leading technology corporations, financial institutions, startups, and experts, including FPT, Vina Capital, Vietnam UAV Network, Aviation Academy, Gremsy, PhenikaaX, Mismart, XBlink, TJaerospace, and the Ho Chi Minh City Automation Association. Their mission is to research, develop strategies, and establish projects to advance Vietnam LAE.
Mr. Nguyen Van Khoa, CEO of FPT, serves as the Alliance’s Chairman, while Ms. Nguyen Hoai Thu, CEO of Vina Capital’s Investment Division, and Mr. Tran Anh Tuan, Vice Chairman and CEO of Vietnam UAV Network, act as Vice Chairmen.
The core objective is to establish LAE as a key economic sector, fostering the growth of thousands of supporting businesses, generating tens of billions of USD within the next 10-15 years, creating one million high-quality jobs, and positioning Vietnam as a global technology leader.
The LAE Alliance calls upon ministries, sectors, and localities, with Ho Chi Minh City taking the lead, to collaborate in perfecting legal frameworks, setting standards, and launching pilot programs. They invite technology corporations, potential enterprises, and startups to join project clusters and urge research institutions and universities to link R&D efforts and workforce training, aiming to establish Vietnam as the global Low Altitude Economy hub and the world’s drone manufacturing capital.
Vietnam stands at a once-in-a-millennium opportunity to become the global Low Altitude Economy center and the world’s drone capital, encompassing R&D, UAV component manufacturing, eVTOL, Air Taxi, UTM solutions, and supporting infrastructure. This ecosystem promises to deliver tens of billions of USD in value and millions of jobs.
The Low Altitude Economy (LAE) refers to the economic ecosystem operating within the airspace below 1,000 meters, encompassing activities related to unmanned aerial vehicles (UAVs/Drones), electric vertical takeoff and landing vehicles (eVTOLs/Air Taxis), unmanned traffic management systems (UTM), and critical supporting technologies such as AI, IoT, and semiconductors. LAE represents a revolutionary economic shift, projected to reach a value of over $1 trillion by 2040, according to Morgan Stanley.
LAE spans sectors like passenger transport, delivery, surveillance, and data, with the potential to transform how people travel and work. Driven by technological advancements, urbanization demands, and carbon reduction policies, LAE emerges as a new growth engine for nations. Coupled with shifts in global production and supply chain reorganization, it presents a significant opportunity for Vietnam.
The LAE Alliance operates under the patronage, coordination, and supervision of various ministries (including the Ministry of Public Security, Ministry of Science and Technology, Ministry of Construction, and Ministry of Finance), local authorities (Ho Chi Minh City), and the ViPEL Executive Board, alongside the Committee for Emerging Technologies and Sustainable Development under ViPEL.
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