Vietnam has declared its readiness to accommodate investment projects from American semiconductor companies, according to Nguyen Chi Dung, the Minister of Planning and Investment. In a recent roundtable discussion held in Hanoi, jointly organized by Vietnam’s Ministry of Planning and Investment (MPI) and the National Innovation Centre (NIC) in collaboration with the US’s Semiconductor Industry Association (SIA), Minister Dung affirmed Vietnam’s preparedness to collaborate with US businesses and investors within the semiconductor industry supply chain.
The minister highlighted Vietnam’s efforts, including the establishment of a streamlined one-stop mechanism, the implementation of a comprehensive project aiming to develop 30,000 skilled individuals for the semiconductor industry by 2030, and the creation of NIC Hoa Lac, designed to host semiconductor industry investment projects with highly favorable incentives.
Emphasizing the discussion’s focus on infrastructure readiness for the semiconductor industry, Minister Dung expressed confidence in SIA and its member businesses in swiftly devising plans for cooperation and investment in Vietnam.
John Neuffer, the head of SIA, shared insights into the collaborative activities between the US and Vietnam to promote the semiconductor industry. Neuffer underscored the substantial investments made by SIA member companies in Vietnam, citing Intel, Marvell, Synopsys, Qualcomm, Ampere, and Infineon among them. He praised Vietnam’s burgeoning role in the global semiconductor supply chain, acknowledging the country’s potential for significant growth within this sector.
Vietnam’s strategic goals and actions to lay the groundwork for its semiconductor industry have garnered attention, positioning the nation as a dynamic hub within an innovative ecosystem, particularly due to the rapid advancement of its digital economy and the robust growth of its high-tech sector.
Representatives from Marvell Vietnam emphasized their decade-long commitment to developing local human resources in collaboration with universities and research institutions, backed by governmental support. They stressed the importance of safeguarding intellectual property to incentivize investment in Vietnam and expressed their eagerness to collaborate with other companies and ministries to bolster the country’s semiconductor industry.
Local officials, such as Vuong Quoc Tuan from Bac Ninh province and Nguyen Anh Thi from HCM City, highlighted their regions’ preparedness to receive foreign capital, showcasing existing infrastructure and support policies for high-tech education and innovation.
Deputy Minister of Education and Training Nguyen Van Phuc emphasized Vietnam’s strengths in mathematics and chemistry education, providing a strong foundation for industries like semiconductors and information technology. He urged closer cooperation between US businesses and universities to develop tailored training programs, internships, and laboratory support.
At the seminar, SIA member companies engaged in discussions with Vietnamese authorities and businesses to explore collaboration opportunities regarding infrastructure readiness, including electricity, water, transportation, and preferential policies in industrial zones.
The exchange of information and commitments made during this roundtable signifies Vietnam’s concerted efforts to position itself as an attractive destination for US semiconductor investments.
