Manufacturing chip-semiconductor helps raise Vietnam’s position
Vietnam is asserting its position in the chip supply chain amid the global chip shortage and the fierce competition among major countries in terms of manufacturing chip-semiconductor and developing microchip industry, according to Sputnik Radio.
Hanoi (VNA) – Vietnam is asserting its position in the chip supply chain amid the global chip shortage and the fierce competition among major countries in terms of manufacturing chip-semiconductor and developing microchip industry, according to Sputnik Radio.
In a broadcast on November 16, the radio cited an article written by Le Phan and Nguyen Hai Thanh, two economists from the Central Institute for Economic Management (CIEM) posted on East Asia Forum on Vietnam’s progress in the global supply chain.
Samsung, the world's leading supplier of DRAM products, will spend 850 million USD in Vietnam to manufacture flip-chip ball grid arrays (FC-BGA).
The electronics giant also plans to inaugurate a Research and Development Center in Hanoi by the end of 2022 and early 2023, serving not only Vietnam but also Southeast Asia. According to the CIEM economists, the investment will make Vietnam one of only four countries - alongside the Republic of Korea, China and the United States - that produce semiconductors for the world’s largest memory chipmaker.
“Vietnam’s selection over more developed locations speaks volumes about the country’s rising importance in the semiconductor value chain,” they wrote.
Sputnik Radio noted that Vietnam is not a newcomer to the semiconductor industry. The country’s first semiconductor plant, Z181, was established in 1979 to produce and export semiconductor components to the former Eastern European countries.
Vietnam’s industrial and technology policies have always granted the highest incentives for high-tech projects, including corporate income tax reduction and sales tax and land rent exemption, the two economists noted.
One advantage of Vietnam over its regional neighbours is its pool of young engineering talent at a relatively lower cost.
Over 40% of Vietnamese college and university graduates are majoring in science and engineering, and Vietnam has been among the top 10 countries with the most engineering graduates, according to the economists.
🦩 Vietnam also boasts one of the most open economies in the world, with 15 free trade agreements, improved business environment and a relatively stable government with clear socio-economic development plans, they wrote./.
The Ministry of Industry and Trade and Samsung Vietnam on February 22 signed a Memorandum of Understanding on cooperation in smart factory development.
Prime Minister Pham Minh Chinh has asked Samsung Electronics of the Republic of Korea to expand its operations in Vietnam during a reception for the group’s CEO Roh Tae-Moon in Hanoi on August 5.
Samsung Electronics’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
Illustrative image. (Photo: VNA) 
