Hanoi (VNA)💮 – Vietnam is seeing greatopportunities to turn the semiconductor industry into a critical national one in the next 30-50 years.
Minister of Planning and Investment Nguyen Chi Dung saidthat Vietnam has advantages in developing its semiconductor industry,particularly its human resources. Jensen Huang, President and CEO of the US chip giant Nvidia,during his recent visit to Vietnam, highly valued Vietnam's potential, greatopportunities, and clear strategy, vision and approach, as well as its focus oninfrastructure investment in semiconductors and artificial intelligence (AI),and human resources in the spheres. He said Nvidia wishes to establish a base in Vietnam asit views the Southeast Asian nation its home. According to the official, Vietnam has a goodeducation system and infrastructure. Once the country’s new generation entersthe AI sector and overseas Vietnamese experts return home, Vietnam will havemany more advantages. Nvidia is willing to support Vietnam to increase capacityand infrastructure in AI. Meanwhile, Vietnam is committed to creating favourableconditions for Nvidia to operate in Vietnam, Dung said, calling on Nvidia to boost semiconductor andAI research and projects in Vietnam. He proposed Nvidia go together with Vietnam in buildingincubation for semiconductor enterprises and supporting it to form supportingenterprises.
Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national sector in the next 30-50 years. (Photo: tapchitaichinh.vn)
The global semiconductor industry revenue reached nearly600 billion USD in 2022. Global chip demand is expected to increase sharply in2024 and semiconductor chip sales are estimated to reach 1 trillion USD in 2030. Speaking at the National Forum onDigital Enterprises Development 2023 (VFTE 2023) held early this week, Minister of Informationand Communications Nguyen Manh Hung stressed that 2024 will be thefirst year Vietnam adopts the National Strategy on Semiconductor IndustryGrowth. "The semiconductor industry is a foundationalsector and, more importantly, a critical national industry for the next 30-50years," he said. Developing the semiconductor industry also bringsopportunities for Vietnam to reform its electronics industry, especially when ittransitions to AI and IoT-enabled electronic devices. Nguyen Van Khoa, CEO of FPT Corporation, said that fromthe beginning of this year, major world electronics companies have pouredinvestment into building facilities for hi-tech electronic production inVietnam. Vietnam’s semiconductor market is expected to grow byaround 6.7% during 2023-28, reaching 1.94 billion USD. The country should focuson design, packaging and testing in the short term, production in the mediumterm, and mastering core technology in the long term, Khoa suggested./.
A roundtable on Vietnam’s infrastructure readiness for semiconductor industry in Vietnam was organised by the Ministry of Planning and Investment (MPI) in collaboration with the National Innovation Centre (NIC) and the US Semiconductor Industry Association (SIA) in Hanoi on December 7.
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on December 7 for President of the US Semiconductor Industry Association (SIA) John Neuffer and leaders of major US semiconductor companies such as Intel, Qualcom, Ampere and ARM, who are on a working visit to Vietnam.
The number of digital technology companies in Vietnam has increased by 30% while the industry’s revenue has risen by 32% since 2019, Minister of Information and Communications Nguyen Manh Hung said on December 11.
Vietnam boasts huge potential to develop semiconductor and AI industries, and pledges to create favourable conditions for NVIDIA corporation, a leading chip producer in the US, Minister of Planning and Investment Nguyen Chi Dung said on December 11.
The National Innovation Centre (NIC) is building a project on developing human resources for the semiconductor industry as part of the country’s efforts to provide 50,000 engineers for the industry, according to NIC Vice Director Vo Xuan Hoai.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Illustrative photo (Photo: cafef.vn) 
Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national sector in the next 30-50 years. (Photo: tapchitaichinh.vn) 
