Prime Minister Pham Minh Chinh has decided to establish a national steering committee on semiconductor industry development, the Government News has reported.

The committee is headed by the PM, while deputy heads are the Minister of Planning and Investment, and the Minister of Information and Communications.

As an inter-sectorial coordination organization, the committee will help the Government and the PM to study, direct and coordinate to deal with important issues relating to the development of the semiconductor industry in Vietnam

It will also study, consult, recommend and propose solutions to promote the development of the semiconductor industry.

Vietnam targets to becoming an important link in the global semiconductor industry value chain by 2045.

The country also plans to deeply engage in the semiconductor packaging and testing process, aiming to master part of the associated technology, as well as train 50,000 engineers to serve the industry across all stages of the value chain by 2030.