Bac Ninh wants to cooperate with US in developing semiconductor industry
Bac Ninh wants to cooperate with the US Semiconductor Industry Association (SIA) to build a high technology ecosystem for the North of Vietnam in the province, especially in semiconductor and chip production, Secretary of the provincial Party’s Committee Nguyen Anh Tuan said when receiving SIA President John Neuffer on October 27.
Secretary of Bac Ninh province Party’s Committee Nguyen Anh Tuan (right) gives a present to SIA President John Neuffer. (Photo: VNA)
Bac Ninh (VNA) – Bac Ninh wants to cooperate with the USSemiconductor Industry Association (SIA) to build a high technology ecosystem for the North of Vietnam in the province, especially in semiconductor and chip production, Secretary of the provincial Party’sCommittee Nguyen Anh Tuan said when receiving SIA President John Ne൲uffer on October 27.
At the reception,Tuan briefed the guest on the province’s advantages andsocio-economic development. He stressed that Bac Ninh plays a key position in the Hanoi Capital Region and is one of sevenprovinces in the northern key economic zone. Its export value reached 46.9billion USD, ranking 2nd in the country while its gross regional domestic product(GRDP) per capita was 166.9 million VND, ranking 3rd in the nation, and its foreign direct investment was more than 2.22billion USD, ranking 4th nationwide. US investors arerunning 19 projects in the province with combined investment capital of over 644.3million USD, the official said.
The province is nowhome to 16 industrial parks with 24 investment projects to build and developindustrial park infrastructure. To date, Bac Ninh province currently has more than 2,000 valid projects with total registeredinvestment capital reaching more than 24 billion USD from 40 countries andterritories.
Tuan emphasised that, on the foundation of thegood relationship between Vietnam and the US, Bac Ninh alw🎃ays prioritisesdeveloping friendship relations and cooperation with US localities andorganisations.
In the coming time,the province hopes to promote friendship and cooperative relations with USlocalities, associations, and organisations to deepen the achieved cooperationresults and expand cooperation in new fields, he said. Noting that theprovince is currently focusing on attracting investment in the field ofsemiconductor and chip manufacturing, the official hopes that the SIA will work with the province to build a high technology ecosystem. He urged theassociation to help with high-quality human resources training for thesemiconductor industry. Bac Ninh has attracted Amkor and MicroCommercial Components which are considered an initial foundation to form theecosystem, he said, calling on the SIA to help connect and supportits member corporations and businesses to increase and expand investment inVietnam. For his part, Neuffer affirmed that the semiconductor industry is developing vibrantly in theUS, especially after the COVID-19 pandemic.
He said Vietnamalready has some experience in the semiconductor industry and there are stillmany opportunities ahead, which is the premise for the US to explore andcooperate in the field.
Neuffer suggested that Vietnam in general and Bac Ninh province in particular should not onlypromote assembly but also move towards chip design - an extremely potentialfield.
Emphasising that Vietnam is a particularly attractive m🥀arket forcooperation and development of the semiconductor industry, Neuffer said that the SIA haಞs been studying cooperation and investment opportunities in the field inVietnam./.
The Republic of Korea's Amkor Technology, Inc., a global semiconductor packaging and test service provider, inaugurated its factory in Bac Ninh province on October 11.
Vietnam wishes to develop its semiconductor industry, Prime Minister Pham Minh Chinh told Vice President and CEO of Amkor Technology Ji Rong-rip during a reception in Hanoi on October 12.
Vietnam is making strong progress in advancing its standing in the global semiconductor supply chain as many of the world’s largest chip manufacturers have landed in the Southeast Asian nation, insiders said.
Vietnam will continue to build a safe, transparent and highly competitive business and investment environment, enabling businesses and investors, including foreign ones to operate for a long term in the country, stated Prime Minister Pham Minh Chinh while chairing a conference with foreign direct investment (FDI) firms in Hanoi on October 16.
Vietnam's workforce demand in the semiconductor–microchip field is forecast to be around 20,000 engineers for the next five years, and 50,000 engineers in the next 10 years, according to economists from the Fullbright University.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Secretary of Bac Ninh province Party’s Committee Nguyen Anh Tuan (right) gives a present to SIA President John Neuffer. (Photo: VNA) 
