Vietnam aims to be a significant player in the global semiconductor industry with a long-term and costly strategy. Deputy Prime Minister Tran Hong Ha emphasized private sector involvement in this phase during a National Assembly session. He expressed confidence in Vietnam's ability to deeply integrate into the global semiconductor industry due to its growing digital economy, strong mathematics base, and advancements in supporting industries.
The government is actively preparing a skilled workforce and promoting domestic and international business growth in the digital economy. Acknowledging challenges of exclusive chip design rights, Vietnam plans to invest in basic sciences and research to enhance industry mastery. Plans include supporting universities and enterprises to establish semiconductor chip centers and enhancing research through science-technology centers and innovation hubs.
Vietnam is currently involved in chip design, packaging, and testing, hosting investments from global manufacturers like Intel, Amkor Technology, and Hana Micron. On top of that, 15 American semiconductor firms are considering an $8 billion investment in Vietnam, pending clear signals on renewable energy development. U.S. Under Secretary of State Jose Fernandez highlighted this interest earlier this year during a visit to Vietnam.
