Vietnam a rising star in semiconductor market: foreign media
Russia’s Sputnik news agency stated that Vietnam is a rising star in the global semiconductor industry, while Channel NewsAsia (CNA) of Singapore and Chosun Ilbo of the Republic of Korea (RoK) also noted that Vietnam is attracting increasing attention from major corporations in the sector.
Vietnam is emerging as a potential semiconductor hub. Photo: VNA
Hanoi (VNA)🎶 - Russia’s Sputnik news agency stated that Vietnam is a rising star in the global semiconductor industry, while Channel NewsAsia (CNA) of Singapore and Chosun Ilbo of the Republic of Korea (RoK) also noted that Vietnam is attracting increasing attention from major corporations in the sector.
Amid the increasingly complex global political and economic landscape, Vietnam is emerging as a potential semiconductor hub. It has become an attractive destination for international semiconductor manufacturers such as Samsung, Intel, and LG to establish production and research facilities.
Recently, Vietnam has opened its doors to major tech corporations like Nvidia, Apple, SpaceX, Qorvo, Marvell, and Intel. These behemoths of the industry are exploring investment projects in the semiconductor and AI sectors in Vietnam, aiming to develop a local ecosystem to support these cutting edge sectors.
Several global semiconductor companies have established a presence in Vietnam to design chips, as well as for assembly, testing, and packaging. Chosun Ilbo said after Samsung Display built a new OLED factory worth 2.4 trillion KRW (1.67 billion USD) in Vietnam. Samsung Electronics' partner companies were also investing in the country. Signetics, a RoK semiconductor packaging company, plans to invest 100 million USD in a production facility in Vinh Phuc province. Infineon, the world's largest automotive semiconductor firm based in Germany, has also increased its investment in Vietnam since 2023.
Along with strong support policies from the government, Vietnam's position in the global semiconductor industry is gradually improving.
According to Sputnik, experts believe that the presence of major FDI technology companies in Vietnam has further strengthened the country's position in the global supply chain.
Linda Tan, President of Semiconductor Equipment and Materials International (SEMI) Southeast Asia spoke at a seminar entitled "Semiconductor Industry Strategy: A New Driving Force for Vietnam and Hanoi" in Hanoi on December 3. She said Vietnam is a "rising star" in the global semiconductor industry, noting that in 2024, the sector’s revenue is expected to reach 18.23 billion USD, representing a year-on-year growth of 11.48%.
She also praised the specific and ambitious strategies set by the Vietnamese Government, which include three phases of development up to 2050.
Earlier, CNA said the government has bold visions to develop a full-scale semiconductor ecosystem over the next 25 years, aiming to train at least 4,000 engineers every year.
The National Innovation Center (NIC) and the Global Semiconductor Alliance (SEMI) announce their cooperation in developing the semiconductor industry in Vietnam. Photo: VNA
Vietnam may be trailing behind some of its regional neighbours like Malaysia in developing its semiconductor industry, but the Southeast Asian nation has been drawing its fair share of attention from industry players.
Prominent semiconductor chip designers such as Intel and Amkor have set up shop there, drawn to its young population and potential talent pool.
Vietnam is “rapidly emerging as a semiconductor powerhouse” in Southeast Asia and is in a good position to contribute at every stage of the value chain, said regional industry association SEMI Southeast Asia’s Kay Chai Ang.
“The growth is driven by strategic investment and a long-term vision from the Vietnamese government to build a comprehensive semiconductor ecosystem by 2050 from integrated circuit design, assembly test and packaging, said Ang, who is chairman of the organisation’s Regional Advisory Board.
A recent report from Singapore’s ISEAS-Yusof Ishak Institute indicated that Vietnam is facing an opportunity to transition its economic growth model from labor-intensive industries to high-tech sectors like semiconductors, which aligns with the global supply chain restructuring trend.
Located at the heart of Southeast Asia, Vietnam is well-positioned to connect with major markets in the region, such as Singapore, Malaysia, Thailand, and Indonesia, making it an ideal location for establishing semiconductor manufacturing and distribution hubs for the region.
Additionally, with its geographical proximity to China and India—two large markets with high demand for technology products—Vietnam can leverage this advantage to expand exports and attract investment from companies seeking to access these markets./.
Vietnam has emerged as a burgeoning hub for the semiconductor industry, now home to 174 foreign-invested projects with a total registered capital of nearly 11.6 billion USD, according to Minister of Planning and Investment Nguyen Chi Dung.
Prime Minister Pham Minh Chinh, Head of the National Steering Committee for Semiconductor Industry Development, urged the development of incentive mechanisms and policies to promote the development of the semiconductor industry, while chairing the first meeting of the committee in Hanoi on December 14 morning.
Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.
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.
