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.
Hanoi (VNA) – Samsung Electronics’ planto manufacture semiconductor products in Vietnam has sparked the hope that theSoutheast Asian nation will be a new stop for the semiconductor industry.
During his recent trip to Vietnam, CEO Roh Tae-Moon unveiledthat Samsung will make an additional investment of 3.3 billion USD in the country this year, enablingthe Korean technology giant to start producing semiconductor components in Vietnamby July 2023.
In fact, part of the investment commitment has beenmaterialised, with 841 million USD for Samsung Complex HCMC-SEHC in Ho Chi MinhCity and 1.18 billion USD for Samsung Electro-Mechanics in the northernprovince of Thai Nguyen.
Since 2019, the tech giant has announced that itwill raise investment in the semiconductor industry to a whopping 151 billion USD.
When Vice Chairman Lee Jae-yong visited Vietnam in 2020,host leaders expressed their wish that Samsung will invest in the semiconductorsector in Vietnam, along with mobile phones and home appliances.
Vietnam – new stop for semiconductor producers (Photo: baoxaydung)
Prime Minister Pham Minh Chinh also reiterated thewish during his reception for Roh earlier this month.
US-based semiconductor chip maker Intel Corporationhas also poured 1 billion USD in an assembly and testing facility inVietnam, and plans to expand its investment in the country.
Its CEO Patrick Gelsinger told PM Chinh in Hanoilast May that Vietnam is an attractive destination for investors thanks to itsdynamic economy, high potential and numerous cooperation chances in the areas ofIntel’s strengths such as manufacturing, research and development.
Therefore, Intel decided to scale up its investmentby multiple times, he affirmed.
Along with Samsung and Intel, other investors havealso planned to produce semiconductor components in Vietnam, like Amkor andHana Micron, both from the RoK./.
A Malaysian official has underlined the need for a more resilient and flexible semiconductor supply chain for the country to navigate a course of robust and sustainable growth.
Sales of Hyundai cars in June fell 34% from the previous month to 4,278, Thanh Cong (TC) Group said on July 12, blaming the decline on component shortages.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: VNA) 
Vietnam – new stop for semiconductor producers (Photo: baoxaydung) 
