With a total investment of $145 million, Radiant Opto - Electronics Vietnam Nghe An Factory opens up strong development opportunities for the high-tech industry sector and attracting foreign investment to the central province.
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.