According to the U.S. Department of the Treasury’s semiannual report, released in November 2024, Vietnam was named in the Monitoring List along with China, Japan, South Korea, Taiwan (China), Singapore, and Germany.
Deputy Prime Minister Tran Hong Ha urges Vietnamese firms to accelerate production of electric poles for the 500 kV Circuit 3 line project to meet its June 2024 completion deadline.
With a $1 billion blitz of spending, training and policies, the ascendant manufacturing hub is positioning itself to be a key link in the global chip supply chain
As the global semiconductor industry's supply chains diversify, Vietnam seizes an opportunity to develop its human capital for the high-tech sector, aiming to train 50,000-100,000 engineers by 2030.