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Establishing Offshore Development Centers: Comprehensive Insights from Saigon Technology

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HO CHI MINH CITY, Vietnam, July 26, 2024 /PRNewswire/ — In the dynamic landscape of the global economy, businesses are continually seeking strategies to optimize operations, reduce costs, and accelerate time-to-market. Offshore Development Centers (ODCs) have emerged as a compelling solution, offering access to skilled talent pools in cost-effective regions. Saigon Technology, a leader in demystifying ODCs, provides a detailed guide tailored for Vietnam, enabling businesses to harness the full potential of offshore software development.

Unpacking Offshore Development Centers (ODCs)

ODCs are specialized facilities that act as an extension of a company’s in-house team, focusing on specific projects and integrating seamlessly with existing operations. These centers offer a strategic advantage by providing access to a global talent pool, reducing development costs, and streamlining processes. Saigon Technology’ comprehensive resource goes beyond basic concepts, offering detailed insights on establishing and managing a successful ODC.

The Advantages of ODCs

ODCs function as a bridge connecting companies to a wider talent pool, optimizing development processes, and significantly cutting costs. Various ODC models cater to different business needs:

Captive Models: Establish a wholly-owned subsidiary, providing complete control over operations.Third-Party Models: Leverage external expertise for flexibility.Hybrid Models: Combine both approaches for a customized solution.

How to Set Up an Offshore Development Center

Planning for Success: Successful ODC implementation requires meticulous planning. Key considerations include business objectives, budget constraints, legal landscapes, infrastructure setup, and talent acquisition strategies. Saigon Technology offers valuable data and insights to navigate these complexities.A Prime Destination for ODCs: Vietnam’s burgeoning IT industry, fueled by government initiatives, educational investments, and a thriving startup scene, presents a lucrative destination for establishing ODCs. Competitive labor costs and a vast pool of skilled engineers make Vietnam an attractive option. English proficiency, a business-friendly environment, and cultural compatibility with Western clients further enhance its appeal.Key Considerations for Establishing Vietnamese ODCsPolitical Stability and Legal Frameworks: Ensuring a stable political climate and understanding local legal requirements is crucial.Robust Infrastructure: Reliable office spaces, IT infrastructure, and security measures are essential.Talent Quality: Developing effective recruitment strategies to attract and retain top talent.Language and Time Zone Compatibility: While manageable, these factors require careful consideration for smooth operations.Launching Your Vietnamese ODCSelecting the right location within Vietnam, such as Ho Chi Minh City or Hanoi, is critical. These cities offer vibrant tech hubs, strong business ecosystems, and access to top talent.Building a Legal Framework: Establishing the appropriate legal entity, whether a wholly-owned subsidiary or joint venture, is fundamental. Saigon Technology provides comprehensive support in navigating the legal and financial implications of each option.Setting Up Infrastructure: Securing office space, ensuring reliable IT infrastructure, and implementing robust security measures are vital steps. Cloud solutions offer flexibility for virtual infrastructure needs, supporting seamless operations.Talent Acquisition and Training: Developing targeted recruitment strategies to attract top Vietnamese software engineers and IT professionals is essential. Investing in continuous training programs keeps the team updated with the latest technological advancements.Communication and Project Management: Clear communication and robust project management tools are key to a successful ODC. Establishing regular communication channels ensures seamless collaboration and feedback between the in-house team and the ODC. Transparency and accountability are crucial for a successful venture.

About Saigon Technology
Saigon Technology is a leading offshore software development company, providing in-depth knowledge of the local market and industry expertise. With an extensive network of partners, Saigon Technology offers comprehensive guidance and support at every stage of the ODC setup process.

Media Contact:
Thanh (Bruce) Pham – CEO
Email: thanh.pham@saigontechnology.com  
Whatsapp: +84 913 666 227
Website: https://saigontechnology.com 

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Thermoplastic Polyimide Market worth $0.86 billion in 2032 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 7, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Thermoplastic Polyimide Market projected to grow from USD 0.56 billion in 2026 to USD 0.86 billion by 2032, at a CAGR of 7.4% during the forecast period.

Browse 303 market data tables and 70 figures spread through 346 pages and an in-depth TOC on the “Thermoplastic Polyimide Market – Global Forecast to 2032”

Thermoplastic Polyimide Market Size & Forecast:

Market Size Available for Years: 2022-20322026 Market Size: 0.56 billion2032 Projected Market Size: 0.86 billionCAGR (2026-2032): 7.4%

Thermoplastic Polyimide Market Trends & Insights:

The industry is driven by the increasing growth of data creation and cloud computing. With more businesses being set up on cloud services and newer technologies like AI and big data, the processing load and heat generation of data centers increase, and they need proper cooling to operate at their best.Asia Pacific accounted for the largest share of the global thermoplastic polyimide market in 2025, at 35%, and is projected to register a CAGR of 8.3% between 2026 and 2032.By product type, the unfilled thermoplastic polyimide segment is projected to grow at a CAGR of 6.8% during the forecast period.By form, the resin segment is projected to reach the largest market size by 2032, registering a CAGR of 7.4% during the forecast period.By end-use industry, the electrical and electronics segment is projected to grow at a CAGR of 8.3% through 2032.By processing technique, the injection molding segment is projected to have the largest market share.Mitsui Chemicals, SABIC, and Mitsubishi Gas Chemical Company, Inc. were identified as some of the star players in the thermoplastic polyimide market (global), given their strong market share and product footprint.

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The industry is driven by the increasing demand for lightweight, high-temperature materials in aerospace and defense applications. As demand grows for lightweight, high-temperature materials in aerospace and defense applications, thermoplastic polyimide is gaining adoption in components exposed to demanding thermal and mechanical conditions. Growing automotive and industrial applications are also increasing the need for materials that provide high-temperature performance, dimensional stability, chemical resistance, and wear resistance while enabling efficient processing.

The electrical & electronics segment, by end-use industry, is projected to hold the largest share in the thermoplastic polyimide market.

The electrical & electronics segment is projected to hold the largest share of the thermoplastic polyimide industry. Demand is supported by the increasing need for high-temperature, dimensionally stable, and electrically reliable materials. Thermoplastic polyimide is used in applications such as connectors, sockets, wire and cable components, optical components, semiconductor manufacturing equipment, and other precision electronic components. The growing complexity and performance requirements of electronic and electrical components are further driving the adoption of thermoplastic polyimide in applications exposed to demanding thermal and mechanical conditions. As the electrical and electronics industry continues to expand, demand for high-performance thermoplastic polyimide materials is expected to remain strong.

Resin, by form, is expected to account for the largest market share.

The resin segment, by form, is projected to account for the largest share of the thermoplastic polyimide market. This dominance is supported by the broad use of thermoplastic polyimide resin in injection molding and extrusion to produce complex and high-precision components. The material’s high-temperature performance, dimensional stability, mechanical strength, chemical resistance, and wear properties support applications across automotive, industrial machinery, aerospace and defense, and electrical and electronics industries. Thermoplastic polyimide resin is used in components such as bearings, seal rings, thrust washers, oil seals, impellers, wire coatings, films, and precision electronic components. Its ability to maintain performance under elevated temperatures while enabling efficient thermoplastic processing is expected to support continued demand for resin-form thermoplastic polyimide during the forecast period.

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Asia Pacific is the fastest-growing region in the thermoplastic polyimide market.

Asia Pacific is projected to be the fastest-growing region in the thermoplastic polyimide market, supported by expanding electrical and electronics, automotive, and advanced manufacturing activities across the region. Increasing investments in electronics and semiconductor manufacturing, automotive production, and high-value industrial applications are strengthening demand for high-performance materials. The region also has an established presence of thermoplastic polyimide suppliers and expanding manufacturing capabilities, particularly across China, Japan, and South Korea. These factors, together with increasing adoption of lightweight and high-temperature materials, are expected to support rapid growth of the thermoplastic polyimide market in Asia Pacific.

Key Players

Leading players in the thermoplastic polyimide companies are including Mitsui Chemicals (Japan), Sabic (Saudi Arabia), Solver Polyimide (China), Huntsman (US), Mitsubishi Gas Chemical Company, Inc. (Japan), Jiangsu Junhua Hpp Co., Ltd. (China), Changzhou Sunchem New Material Co., Ltd. (China), Wanhua Chemical (China), Arakawa Chemical Industries, Ltd. (Japan), Arkema (France), Evonik (Germany), Allstar Material (China), Jiangsu Qingquan Chemical Co., Ltd. (China), and Kingfa Sci. & Tech. Co., Ltd. (China).

Investment Funding

The thermoplastic polyimide market is seeing increasing investment and financing activity among companies in the market and the broader high-performance materials ecosystem. In 2025, Arkema completed EUR 400 million (approximately USD 464.9 million) undated hybrid bond issuance to diversify its financing resources and mainly refinance an existing hybrid bond. The financing activity reflects continued capital access among major specialty materials companies and supports their broader financial capacity for business development and technology investments. Leading thermoplastic polyimide producers are also expanding their product portfolios and application capabilities to address demand for high-performance materials.

Revenue Shift

The thermoplastic polyimide market is witnessing a gradual shift toward higher value and more specialized applications. Mitsui Chemicals states that the application range of AURUM thermoplastic polyimide is expanding across electrical and electronic components, semiconductor manufacturing equipment, automotive and transportation parts, industrial machinery, films, and aerospace applications. SABIC has also introduced new EXTEM thermoplastic polyimide grades for emerging optical interconnect applications. Wanhua Chemical has developed thermoplastic polyimide products and production capabilities as part of its specialty engineering materials portfolio, indicating increasing participation from Chinese manufacturers in the thermoplastic polyimide market. These developments indicate growing use of thermoplastic polyimide in applications that require high-temperature performance, dimensional stability, electrical properties, and precision processing.

Company Revenue Share Details

The combined market share of the top five players is estimated at approximately 60–70%, indicating a consolidated market. This level of concentration suggests that although leading vendors maintain strong market positions through diversified product portfolios and technological innovation, no single company has established dominant control, leaving ample opportunities for competition and future consolidation. The top five companies include Mitsui Chemicals, Inc., SABIC, Mitsubishi Gas Chemical Company Inc, Wanhua Chemical, and Kingfa Sci. & Tech. The presence of established specialty chemical manufacturers alongside engineering plastics producers reflects the evolving competitive landscape. As demand increases across electrical and electronics, automotive, aerospace & defense, industrial machinery, and other applications, companies are expected to strengthen their positions through product innovation, strategic partnerships, geographic expansion, and acquisitions.

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Browse Adjacent Market: Resins & Polymers Market Research Reports &Consulting

See More Latest Resins & Polymers Industry Reports:

Medical Plastics Market Medical Plastics Market by Type (Standard Plastics, Engineering Plastics, High-performance Plastics), Application (Medical Disposables, Medical Instruments & Devices, Prosthetics & Implants, Drug Delivery, Medical Packaging) – Global Forecast to 2031

Polyols Market by Type (Polyether Polyols, Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), End-use Industry (Building & Construction, Furnishing, Automotive, Electronics), and Region – Global Forecast to 2031

PTFE Market by Form, Application, End-use Industry (Chemical & Industrial Processing, Automotive & Aerospace, Electrical & Electronics, Building & Construction, Consumer Goods), and Region – Global Forecast to 2031

Acrylic Emulsion Market by Type (Pure Acrylic Emulsion, Polymer & Copolymer Acrylic Emulsion), Application (Paints & Coatings, Adhesives & Sealants, Construction Additives, Paper Coatings) and Region – Global Forecast to 2031

Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems), Structure (Single-Lumen, Multi-Lumen, Co-Extruded, Braided) – Global Forecast to 2031

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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CME Group Sets New FX Open Interest Record

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CHICAGO, Sept. 7, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced that its FX futures and options reached a new open interest record of 4,410,167 contracts on September 4, 2026, surpassing the previous record of 4,269,622 contracts on June 11, 2026.

The number of large open interest holders in FX futures reached an all-time high of 1,446 (as noted by the CFTC’s August 25 Commitment of Traders report). Asset managers for the first time exceeded $200 billion in FX futures notional open interest.

“The record participation we’re seeing underscores growing buy-side demand for the capital efficiencies, transparency and central clearing that futures provide,” said Paul Houston, Global Head of FX Products at CME Group. “From major currencies to emerging markets, clients are increasingly using our FX futures and options to manage risk across a broader range of currency pairs than ever before.”

For more information on CME Group FX futures and options, please visit here.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangecryptocurrencies, energyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

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vivo and UNESCO MAB Bring Young Voices Together in Italy to Capture the Future

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PONTREMOLI, Italy, Sept. 7, 2026 /PRNewswire/ — vivo and the UNESCO Man and the Biosphere (MAB) Programme have brought the 2026 Capture the Future: Global Youth Storytelling Initiative for People and Nature to its final chapter with a five-day Co-Creation Camp in the Appennino Tosco Emiliano Biosphere Reserve, held from August 31 to September 5 and bringing together 15 young creators from around the world.

Selected through the initiative’s global open call, the students, young photographers and visual storytellers came together in Italy to explore the relationship between people and nature through immersive field experiences, expert-led sessions and collaborative visual storytelling. Using vivo smartphones, they created original photo essays and short films.

From a global call to a shared creative journey

Launched by vivo and UNESCO MAB in March 2026, Capture the Future invited young people to share visual stories about the relationship between people and nature in UNESCO Biosphere Reserves. The global call received 745 submissions from young people in 98 countries, with stories linked to more than 120 UNESCO Biosphere Reserves across the World Network.

The initiative’s reach extended beyond the global call as well. In April, a series of capacity-building workshops brought visual storytelling and the people-and-nature theme to students from Penang Hill in Malaysia to the University of Alexandria in Egypt, before culminating in a session at the University of Milan — engaging more than 600 students.

The Co-Creation Camp marked the culmination of this year-long journey. Guided by a multidisciplinary mentor team including vivo imaging expert Keshav Chugh, UNESCO MAB communication specialist Manoel Giffoni, ZEISS Ambassador Solli Kanani and award-winning film director Marko Roth, the 15 selected creators explored the landscapes, biodiversity, traditions and communities of the Appennino Tosco Emiliano Biosphere Reserve, turning their observations and experiences into original visual stories.

“This experience allowed me to capture my impressions of the past, the present and the future of the Biosphere Reserves. We all found a common meaning within different realities and this connection will stay deep in my heart.”
— Lea Meny, Germany

“What touched me most was their curiosity, openness, and strong connection to their own places and communities. Many of their stories are deeply personal, while also connected to bigger questions about nature, culture, and the future.”
— Solli KANANI, Co-Creation Camp Mentor

From local stories to a global audience

On September 5, the Camp closed with an exhibition and screening event, during which participants presented their visual works to local audiences. The stories created during the Camp will continue their journey beyond Italy, with selected works to be shared through vivo and UNESCO MAB’s global platforms. A documentary will also capture the creative journey and experiences of the young storytellers.

From the global open call and campus workshops to the Co-Creation Camp, Capture the Future has created a platform for young people to observe, create, and share stories about people and nature. As the initiative continues, the work of the visual storytellers will continue to connect local experiences to a global conversation about a more sustainable future.

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