Vietnam’s semiconductor industry is expected to thrive in the coming time on the back of its favourable environment and various incentives, according to insiders.

By rapidly building a favourable environment for investors, Binh Dinh province has grown to be an appealing economic hub in central Vietnam, attracting both domestic and foreign investments in all key sectors.

"In order to encourage business households to become enterprises, it is important to have a favourable, trustworthy and attractive environment."

Representatives from foreign-invested (FDI) enterprises in Ho Chi Minh City contributed their ideas and recommendations to spur growth in the city at a meeting with municipal leaders on March 23.

The Vietnamese Government encourages enterprises from the Republic of Korea (RoK) to further investments in high-tech industries like support industry, IT, energy and high-quality agriculture.