Vietnam welcomes investment in hi-tech, semiconductor industries: PM
Vietnam welcomes and encourages investments in hi-tech and semiconductor industries by providing appropriate mechanisms, incentives and modern infrastructure, said Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh (R) and Group Vice President of Global Operations at Lam Research Karthik Rammohan (Photo: VNA)
Hanoi (VNA) - Vietnam welcomes and encourages inꦿvestments in hi-techand semiconductor industries by providing ♑appropriate mechanisms, incentives and modern infrastructure,said Prime Minister Pham Minh Chinh.
PM Chinh made the statement at a reception in Hanoi on March20 for Karthik Rammohan, Group Vice President of Global Operations at Lam Research, one of the leading US semiconductor manufacturing equipment providers, and representatives of the Seojin Company of the Republic of Korea. The two companies are collaborating in semiconductor chip production in Vietnam. Lam Research, headquartered in California, recorded a revenue of 19 billion USD in 2022. As of March 2023, it had employed over 18,700 employees. Rammohan said Lam Research is looking to expandoperations and diversify its supply chain in Asia. In Vietnam, thecompany is planning to collaborate with Seojin, which already has factories in northern Bac Ninh and Bac Giang provinces, to develop factories and establish a supply chain with an investment of 1-2 billion USD in the first phase. After the first phase, it will possibly invest directly or expanding its operations in the Southeast Asian country. He expressed interest in Vietnam's investmentpromotion policies and programmes that could support the development of adomestic supply chain ecosystem for the semiconductor industry. PM Chinh highlighted sci-tech and innovation as important cooperation areas in Vietnam's comprehensive strategic partnershipswith both the US and the RoK. He pointed to Vietnam's efforts in training aworkforce of 50,000-100,000 engineers by 2030 to meet the demand of enterprises. Meanwhile, major tech players such as Samsung,Intel, and Foxconn are already present in Vietnam, he said, adding that many other leading globalcorporations are continuing to explore opportunities and investment in thecountry. In the spirit of harmonising interests and sharing risks for mutualdevelopment, he expected that both companies would focus on research anddevelopment (R&D) activities, technology transfer, thus helping todevelop a robust semiconductor ecosystem in Vietnam. He called for continued close collaboration betweenthe companies and relevant Vietnamese authorities and localities to ensure a smooth and legalinvestment process./.
Ho Chi Minh City's Saigon Hi-Tech Park (SHTP) and Siemens Electronic Design Automation (Siemens EDA), a segment of Siemens Digital Industries Software, on February 27 signed a memorandum of understanding (MoU) on cooperation in personnel training in the semiconductor chip industry in Vietnam.
By 2045, Vietnam will become an important link in the global semiconductor industry value chain with a contingent of engineers and experts capable of meeting the industry requirements in both quality and quantity, said Minister of Planning and Investment Nguyen Chi Dung.
The Vietnam National University, Ho Chi Minh City (VNU-HCM) and US technology enterprise Synopsys signed a memorandum of understanding (MoU) on March 15 to enhance the VNU-HCM’s semiconductor training and research capacity.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Prime Minister Pham Minh Chinh (R) and Group Vice President of Global Operations at Lam Research Karthik Rammohan (Photo: VNA) 
