(MPI) - The Vietnam Semiconductor Summit, themed Vietnam - a promising destination for the global semiconductor industry, was held in Hanoi on October 29 within the framework of the 2023 Vietnam International Innovation Exhibition (VIIE 2023).

Minister of Planning and Investment Nguyen Chi Dung speaks at the summit. Photo: MPI

Speaking at the summit, Minister of Planning and Investment Nguyen Chi Dung emphasised Vietnam’s potential and opportunities to develop the semiconductor ecosystem. Vietnam has sufficient conditions to develop the semiconductor industry due to its political stability and favourable geographical location. The Government of Vietnam pays great attention to promote investment cooperation in developing the national semiconductor industry.

The country owns abundant workforce in engineering and technology, which is align with the semiconductor industry; There are reputable research institutes such as Vietnam National University (VNU), VNU-Ho Chi Minh City, Da Nang University, Hanoi University of Science and Technology, and large companies like Viettel, VNPT, FPT, CMC are willing to cooperate in developing the semiconductor industry.

Vietnam has been attracting more and more semiconductor giants from the United States, Republic of Korea, Japan, European countries and Taiwan (China). Recently Vietnam and the US lifted its to a comprehensive strategic partnership during President Joe Biden’s visit to Viet Nam last September, enabling the two countries to enhance their cooperation in innovation and semiconductor industry.

Minister Dung said, Vietnam has been developing investment incentives and mechanisms for semiconductor companies to do business and invest in the country, and giving highest incentives for this industry.

Vietnam has established the National Innovation Center (NIC) and three high-tech parks in Ha Noi, Ho Chi Minh City and Da Nang with good infrastructure conditions and preferential mechanisms to welcome investors in semiconductor industry.

Minister Dung affirmed that Vietnam is committed to actively contributing to the innovation ecosystem of the world’s semiconductor industry, and will become a reliable partner and important link in the global semiconductor production and supply chain. The Government of Vietnam will accompany and support semiconductor business to implement shared vision and development goals.

John Neuffer, President and CEO of the US’s Semiconductor Industry Association (SIA) spoke highly of Vietnam’s role in the global supply chain. Vietnam also saw huge opportunities to develop the semiconductor industry and increasingly become an important link in the global chip production chain since having the presence of tech giants such as Intel and Marvell, as well as its efforts in R&D activities.

With the growing relationship between Vietnam and the US, Neuffer said US firms will boost cooperation to help Vietnam achieve its goals in developing semiconductor industry.

Linda Tan, President of SEMI Southeast Asia shared about the opportunities and challenges for Vietnam’s semiconductor workforce, adding that the country owns abundant human resources.

Vietnam needs to continue improving training quality in the context of  technological process innovation happening strongly. This is a long-term process to create an inclusive environment, therefore, Tan asked for stronger cooperation to train highly skilled workforce for this industry.

Vietnam Semiconductor Innovation Network debuts. Photo: MPI

Especially, the Vietnam Semiconductor Innovation Network made its debut within the framework of the Vietnam Semiconductor Summit, considering a new stage for the semiconductor industry development.

The network aims to gradually materialise the development orientation of this industry, making Vietnam a reliable partner in the regional and global semiconductor ecosystem, thus enhancing the country’s position in the global value chain and modernising its economy./.

Bao Linh

Ministry of Planning and Investment