Vietnam promises profits for global tech investors: AISC25
Vietnam is actively adopting its approaches to align with global trends in AI and semiconductors.
The Hanoi Times — Global technology companies investing in Vietnam's artificial intelligence (AI) and semiconductor sectors will benefit from an increasingly improved business environment, said Prime Minister Pham Minh Chinh at a high-level meeting in Hanoi today [March 14].
The prime minister made the remarks during a policy forum themed "Take the Lead: Vietnam's Proactive Strategy for Semiconductor and AI Advancement in the New Era", attended by representatives of leading global technology groups.
Prime Minister Pham Minh Chinh delivers his speech at the forum. Photos: NIC
He said that the government is working on preferential mechanisms that protect the legal rights and interests of investors, putting in place effective policies and solutions that promote shared benefits and risk mitigation.
As Vietnam is actively changing its approach to keep pace with global trends in the AI and semiconductor industries, the prime minister emphasized the country's strong commitment to the development of these industries in the new era.
He expressed a desire for foreign partners and investors to provide insights into feasible strategies and goals that fit Vietnam's unique context.
Chinh also called for financial support, including low-interest loans, to help establish investment funds, including venture capital, and develop financial centers that will enhance Vietnam's market position and attract both direct and indirect investment.
He also urged partners to transfer technology to Vietnam through research and development centers, enabling Vietnamese companies to participate in global supply and production chains.
"Priority will be given to the recruitment of Vietnamese professionals for leadership positions in top global companies, contributing to the development of high-quality human resources and international training centers in emerging industries," Chinh said.
An overview of the launch ceremony of several initiatives.
He proposed working together to improve smart management capabilities in businesses and production facilities, ensuring that every citizen has access to AI-powered virtual assistants while addressing security concerns related to AI.
At the event, Prime Minister Pham Minh Chinh and his deputy Nguyen Chi Dung witnessed the launch of several initiatives, including semiconductor human resources development, support for semiconductor startup incubation, and assistance for Vietnamese businesses to join the Global AI Alliance.
Vietnam consolidates position in global technology landscape
Delegates at the forum.
At the forum, many global experts offered key recommendations for Vietnam to gradually assert its position on the global technology map.
Christopher Nguyen, Founder and CEO of the Aitomatic, Head of the AISC Conference Organizing Committee, discussed the alignment of Vietnam’s semiconductor and Al industries with global trends. He analyzed key factors that could enable Vietnam to utilize advanced technology for better competitiveness while emphasizing that technological autonomy is essential for the robust development of Vietnam's digital economy.
Meanwhile, Nguyen Thi Bich Yen of Soitec highlighted breakthroughs in advanced chip packaging technology, noting that these innovations help reshape the global semiconductor industry and provide strategic opportunities for Vietnamese companies.
Michael Kagan of NVIDIA and Suresh Venkatarayalu of Honeywell shared insights on Vietnam's potential to become an R&D hub for AI and semiconductors, stressing the importance of expanding international cooperation to fully capitalize on technological advantages.
Truong Gia Binh, Chairman of FPT Corporation, shares his views at the event.
Truong Gia Binh, Chairman of FPT Corporation, expressed Vietnamese companies' willingness to engage in technology transfer and build advanced capabilities to seize opportunities in the semiconductor and AI industries. "Our strategic initiatives reflect the company's strong commitment and significant resources to develop a more comprehensive semiconductor and AI ecosystem in Vietnam," he said.
Deputy Minister of Finance Nguyen Duc Tam said the ministry will compile feedback from delegates and experts at the forum and coordinate with relevant ministries to propose key tasks and solutions to promote these strategic technology sectors, expecting that this will significantly contribute to Vietnam's double-digit growth in the years to come.
"The ministry seeks closer cooperation in the semiconductor and AI ecosystem, including leading global tech firms, research institutes, universities, investment funds, and the business community at home and abroad, to position Vietnam as an important link in the global semiconductor and AI supply chain," said Tam.
The activities are part of the International Al-Semiconductor Conference 2025 (AISC25) taking place in Hanoi on March 12-14.
