Semiconductor serves as a foundation for expanded cooperation between the two countries in areas such as AI, digital healthcare, digital education, and fintech.
At a conference on August 4, Prime Minister Pham Minh Chinh sets a target for the semiconductor sector to be capable of independently designing, manufacturing and testing key semiconductor chips by no later than 2027.
This milestone represents a significant advancement in Vietnam's efforts to foster its semiconductor industry while strengthening international collaboration in the high-tech sector.
In January, FDI enterprises invested in 39 provinces and cities across the country, with Bac Ninh leading the way, attracting a registered capital of $1.42 billion.
Vietnam aims to establish at least 300 design enterprises, three semiconductor chip manufacturing plants, and 20 semiconductor product packaging and testing plants by 2050.
The event drawing the participation of more than 5,000 delegates and 100 booths of major semiconductor technology corporations in the world and Vietnam.