Vietnam's prospects on deeper participation in global chip supply chain
Vietnam aims to become a leading country in ASEAN and East Asia in chip production, with deeper participation in the global production and supply chain by 2030, according to an expert.
Nguyen Quan, Chairman of Vietnam Automation Association and former Minister of Science and Technology (Photo: vneconomy.vn)
Hanoi (VNA) – Vietnam aims to become a leading country in ASEAN and East Asia in chip production, with deeper participation in the global production and supply chain by 2030, according to an expert.
Nguyen Quan, Chairman of Vietnam Automation Association and former Minister of Science and Technology, said the elevation of the US - Vietnam relations to a comprehensive strategic partnership is a favourable condition to open up opportunities for the chip industry's development in Vietnam.
He believed that with enhanced collaboration between Vietnam and the US, many large enterprises in the field of semiconductors and chips will come to the Southeast Asian nation for cooperation and investment, thereby contributing to the development of the local semiconductor industry.
According to Quan, previously Vietnam did not have a semiconductor electronic material industry, even though its rare earth reserves were estimated to be the third largest in the world. Vietnam cooperated with Japan in the mining and processing of rare earth, the market demand at that time was too low.
At present, as the market is wider, with the technological and financial support from developed countries, rare earth resources will have an opportunity to be exploited and processed, creating raw materials for the local semiconductor industry.
Besides, domestic technology enterprises need to join the work as a key force to realise chip research and commercialisation. Taking FPT as an example, he said the firm, with financial potential, strong research teams and experience in software and information technology development, could take its advantages to invest in researching, designing, testing, manufacturing and commercialising chips.
According to him, opportunities and prosperts for Vietnam in the field is bright. The country might face difficulties in technology transfer, testing and production in the first few years, but it will overcome when it catches up with the global supply and production chain.
The country must demonstrate to the world its capacity and human resources in the semiconductor industry, he said.
In addition to international resources and investments from the world's major enterprises in this field, Vietnam needs to prepare internal resources and investment capital for chip research and production.
ꦉ Vietnam must affirm its determination and consider the semiconductor industry as a breakthrough in the country's industrial development, he added./.
Vietnamese localities and enterprises are attracting design talents to deeply join the global integrated circuit supply chain, as global IC design corporations are shifting their operations to Vietnam.
Prime Minister Pham Minh Chinh had a working lunch with chief executive officers of leading US enterprises in the semiconductor industry in Washington DC on September 19 morning (local time).
The upgrade of the Vietnam-US bilateral relations to a Comprehensive Strategic Partnership has opened up strategic opportunities for Vietnam to lure more high-quality investment inflows in terms of innovation and high technology, said Vu Quoc Huy, Director of the National Innovation Centre (NIC) under the Ministry of Planning and Investment (MoPI).
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.
Nguyen Quan, Chairman of Vietnam Automation Association and former Minister of Science and Technology (Photo: vneconomy.vn)
