Topic: semiconductor

The initiative aims to finalize key mechanisms and policies that will facilitate the growth of the semiconductor chip industry.

At a policy forum on March 14, PM Pham Minh Chinh laid stress on Vietnam’s commitment to rapid and sustainable growth driven by science, technology, innovation, and digital transformation.

Party General Secretary To Lam asked for measures to tackle obstacles that hinder the development of science and technology, innovation and digital transformation:

The event seen as a pivotal platform for Vietnam to explore the latest trends at the intersection of artificial intelligence (AI) and semiconductor technology.

At least two or three networks of such centers will be formed in the northern,  central, and southern regions of the country to provide talents in the fields of Artificial Intelligence, semiconductor industry, and biotechnology.

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 $520-million factory is scheduled to undergo expansion in September 2025 and enter stable production from October 2025.

Discussions will focus on semiconductor technology, artificial intelligence, and Financial Technology.

This investment signals a promising area for future cooperation between the two nations.