In the coming time, the National Steering Committee on Semiconductor Industry Development will make efforts to accelerate the resolution of existing difficulties, thereby helping to make this industry a driving force and a new breakthrough of Vietnam in its era of the rise, affirmed its deputy leader Nguyên Chi Dung, Minister of Planning and Investment.
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In order to attract foreign investment and develop an ecosystem favorable to the semiconductor industry, Vietnam has implemented a series of ambitious measures. These include the establishment of the National Steering Committee on Semiconductor Industry Development, the promulgation of a Human Resource Development Program and a Semiconductor Industry Strategy.
| Production of “Made in Da Nang” tablets at the Trung Nam EMS factory. |
| Photo : VNA/CVN |
According to him, Vietnam is emerging as an attractive destination for investors in this sector thanks to its highly qualified and competitive workforce, modern infrastructure and favorable policies. The Ministry of Planning and Investment has collaborated with major technology groups such as Qualcomm, Google, Meta, LAM Research, Qorvo and AlChip… to relocate supply chains, develop research centers and expand production in Vietnam. Notably, American semiconductor giant NVIDIA signed an agreement to establish an AI Research Center and an AI Data Center, marking a major turning point in the technological field.
Localities such as Ho Chi Minh City, Da Nang, Bac Ninh, Bac Giang, Vinh Phuc and Binh Duong have also been proactive in creating favorable ecosystems, strengthening human resources, attracting investments and promoting international partnerships to support the semiconductor industry.
The minister also stressed the need for Vietnam to engage in rapid, strong and comprehensive collaboration with leading countries and companies in the field of semiconductors. This will enable Vietnam to leverage its human resources and position itself as a key player in Asia and the world in the semiconductor industry, he explained.
Despite a global decline in foreign direct investment (FDI) and increasing competition, Vietnam remains a top destination for FDI. By the end of November 2024, FDI inflows totaled nearly USD 31.4 billion, with disbursements reaching approximately USD 21.7 billion, an increase of 7.1% from the previous year.
VNA/CVN
