Low-Altitude Economy Generates Millions of Jobs and Billions in Revenue
On October 10th, during the “Comprehensive Overview of Vietnam’s Private Economy” event, the Low-Altitude Economy Alliance (LAE) officially launched. This event marks a significant milestone in elevating Vietnam’s position on the global technology map.
The LAE Alliance was established with the goal of positioning Vietnam as a regional leader in the low-altitude economy, aiming to become the world’s low-altitude economic hub. It focuses on developing high-tech industries such as UAVs, unmanned aviation, smart devices, data, and automation. The Alliance anticipates this new economy will foster thousands of supporting businesses, create one million high-quality jobs, and generate tens of billions of USD for Vietnam over the next 10-15 years.
The Alliance brings together leading technology and financial corporations, startups, and experts, all united in forming a key economic sector. Mr. Nguyen Van Khoa, CEO of FPT Corporation, serves as the Alliance’s Chairman, with Vice Chairmen Mr. Don Lam, Founder and CEO of VinaCapital, and Mr. Tran Anh Tuan, CEO of the Vietnam UAV Network.
With its geopolitical advantages, policies encouraging innovation, and a young, dynamic workforce, Vietnam is poised to become a regional and global low-altitude industrial hub.
Mr. Nguyen Van Khoa, CEO of FPT Corporation and Chairman of the LAE Alliance, exchanges strategic cooperation documents with representatives from Ho Chi Minh City People’s Committee
Additionally, partners signed and exchanged multiple cooperation agreements, including between the Low-Altitude Economy Alliance and Ho Chi Minh City; a cooperation agreement between Ho Chi Minh City People’s Committee and Sovico Group on the development of the urban railway line – metro number 4; and a cooperation agreement between Hanoi, Sovico Group, and UNESCO for developing a Creative Capital based on heritage and traditional values.
The Low-Altitude Economy (LAE) is an economic ecosystem operating in airspace below 1,000 meters, encompassing activities related to unmanned aerial vehicles (UAVs/Drones), vertical take-off and landing vehicles (eVTOL/Air Taxis), supported by critical technologies such as artificial intelligence (AI) and semiconductors.
According to experts, the low-altitude aviation sector alone is projected to reach approximately $700 billion by 2035. In Vietnam, the potential of the low-altitude economy is estimated at $10 billion, provided existing opportunities are effectively leveraged.
FPT Partners with Vina Capital to Transform Vietnam into a Drone Hub
Meet the visionary leaders steering innovation forward: Mr. Nguyễn Văn Khoa, CEO of FPT, serves as Chairman of the Alliance. Alongside him, Ms. Nguyễn Hoài Thu, CEO of Vina Capital’s Investment Division, and Mr. Trần Anh Tuấn, Vice Chairman and CEO of the Vietnam UAV Network, stand as Vice Chairmen, driving transformative initiatives with unparalleled expertise and foresight.
FBA Season 5: Contestants Shine as Financial Analysts, Organizers Excel as Professional Event Managers
“Phạm Hải Âu, Director of Risk Management at NCB Bank and former Risk Consulting Director at PwC, recently shared his praise for the students attending the Future Business Analyst Season 5 (FBA S5) Gala Night, themed ‘The Last Alpinist.’”
Honda’s Dominance Shaken by the Rise of Electric Vehicles
Honda’s near-monopoly in Vietnam’s motorcycle market faces an unprecedented challenge, according to a Reuters report.
Accelerating Affordable Housing Development: Businesses Gear Up for Social Housing Initiatives
Real estate businesses and associations unanimously agree that the government’s new policies on social housing development are a timely and strategic move. These measures effectively address market challenges, stimulate increased supply, and pave the way for reducing currently elevated housing prices.
Unleashing Private Sector Growth: From Aspiration to Action
Growing alongside the nation’s journey of innovation, the private sector has risen from initial skepticism to become a driving force, making significant contributions to the development and protection of our country.
