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This initiative will help businesses achieve new levels of success and contribute to the sustainable development of the country.

Vietnam aims to become a key player in the global semiconductor industry, with a skilled engineering team to fulfill both the quality and quantity requirements of the domestic sector.

Hanoi has been designated as the country’s political brain and an important economic, cultural, and scientific center.

Vietnam envisions becoming a center for the semiconductor chip industry by 2030 with activities including design, packaging, and testing.

Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.

Vietnam is estimated to face a shortage of 20,000 qualified personnel in the semiconductor industry in the next five years as foreign-invested enterprises pour money into the country's sector.

The Vietnamese Government is formulating highly competitive policies to attract investment in the semiconductor industry.

The visit of the US President to Vietnam in September last year has paved the way for further cooperation between the two countries in a wide range of fields.

The Vietnamese Government is committed to putting in place policies and mechanisms that encourage substantial capital and investment from prominent players in the semiconductor sector.

Vietnam is shaping a semiconductor strategy until 2030, with a vision to 2035. It emphasizes active participation in the regional semiconductor ecosystem and attracting global business investments.

It is part of the series of events under the Vietnam International Innovation Exhibition (VIIE 2023) and the inauguration of the NIC Hoa Lac branch, held from October 28 to November 1.

Amkor is expected to flesh out the US-Vietnam’s vision for the semiconductor industry after the two countries upgraded their relations to a comprehensive strategic partnership in September.

Hanoi takes a selective approach to attracting investment, prioritizing projects in high-tech, clean-tech, and environmentally friendly sectors.

Both sides will jointly establish the Vietnam Learning Semiconductor Hub, aligning with government initiatives to nurture this sector’s talent pool.

In the long term, US businesses and corporations may explore the feasibility of setting up semiconductor chip manufacturing facilities in Vietnam.

FPT anticipates the creation of 3,000 additional jobs by 2028 and $1 billion in US market sales by 2030.