The Vietnam Semiconductor Innovation Network was officially launched at a national forum on the semiconductor industry held at the new headquarters of the National Innovation Center (NIC) at the Hoa Lac Hi-Tech Park in Hanoi on October 29, with discussions focusing on the current status and growth opportunities for the country’s semiconductor industry.

According to a report from Government News, in an address to the ceremony, Minister of Planning and Investment Nguyen Chi Dung said Vietnam commits to becoming a reliable partner and important link in the global semiconductor supply chain.

It has the necessary conditions to develop a semiconductor industry, as the government is always keen on promoting investment cooperation for the industry to develop, he said, adding that Vietnam has also built a human resources development plan with the goal of training 50,000 engineers from now to 2030, while also adopting a range of attractive investment incentives for investors in the industry.

With infrastructure from the NIC and three high-tech parks in Hanoi, Ho Chi Minh City, and Da Nang, investors can access favorable conditions to invest in the semiconductor industry.

Furthermore, Vietnam is home to electronics giants that are willing to cooperate in developing a semiconductor industry, such as the Military Industry and Telecoms Group (Viettel), the Vietnam Posts and Telecommunications Group (VNPT), the Corporation for Financing Promoting Technology (FPT), and the CMC Corporation, among others.