Vietnam launches Semiconductor Innovation Center to boost industry growth
The center provides a collaborative space for talent development and semiconductor startups, positioning Vietnam as a key player in the global semiconductor supply chain.
THE HANOI TIMES —Vietnam today [March 28] took a major step to accelerate the country's semiconductor industry with the opening of the Vietnam Semiconductor Innovation Center (VSIC) and FPT-ALCHIP Space in Hanoi.
The opening of the center. Photos: NIC
The center, led by the Ministry of Finance's National Innovation Center (NIC) in collaboration with FPT Semiconductor and technology partners, aims to foster startups, develop a skilled workforce, and expand global partnerships.
At the inauguration ceremony, Deputy Minister of Finance Nguyen Duc Tam said that the VSIC and the FPT-ALCHIP Space will serve as key platforms to support Vietnamese semiconductor startups, facilitate industry collaboration, and strengthen partnerships among universities, research institutes, and domestic and international enterprises.
"This center will create a sustainable ecosystem that will help Vietnam master global technology trends," he said.
Tam also welcomed Taiwan-based Alchip Technologies's expansion into Vietnam and urged the company to continue working with NIC and local partners to improve the semiconductor supply chain.
Nguyen Duc Tam, Deputy Minister of Finance, speaks at the event.
According to NIC Director Vu Quoc Huy, the launch of the VSIC marks a critical milestone in Vietnam's strategy to develop its semiconductor industry. The center is in line with the government's commitment to developing science, technology and innovation, and reinforces the three-pillar model of cooperation between the state, academia, and industry."
"This center is expected to contribute to Vietnam's ambitious goal of training 50,000 semiconductor engineers and cultivating 100 chip design companies by 2025," said Huy.
Speaking at the event, Tran Dang Hoa, Chairman of FPT Semiconductor, emphasized the strategic importance of the VSIC as it creates more opportunities for Vietnamese engineers, improves education, and innovates semiconductor industry.
Peter Teng, Vice President of Alchip Technologies, described the inauguration as a pivotal moment for Vietnam’s semiconductor industry. “This is more than just the opening of a new facility, it's about unlocking potential. For Alchip, this is a gateway to Vietnam's skilled engineering workforce. For FPT, it's a testament to the strong partnerships that drive breakthrough innovation. And for Vietnam, it's another step in strengthening its role in the global semiconductor sector," he said.
Vietnam's semiconductor push includes attracting major technology firms from the US, Japan, Taiwan (China), and South Korea, while strengthening industry ties through scholarships, technical training, and university collaborations, according to NIC.
