Prime Minister Pham Minh Chinh on September 21 signed Decision No 1018/QĐ-TTg, outlining a strategy for the development of Vietnam's semiconductor industry until 2050.

The strategy includes a three-phase roadmap.

Between 2024-2030, Vietnam aims to become a global center for semiconductor human resources and establish basic capabilities in research, design, production, packaging, and testing.

During this period, the country will selectively attract foreign direct investment (FDI) to establish at least 100 design enterprises, one small-scale semiconductor chip manufacturing plant, and 10 packaging and testing plants; and  develop several specialized semiconductor products in specific sectors.

The semiconductor industry's revenue is expected to exceed $25 billion per year, with added value reaching 10-15%.

Between  2030-2040, Vietnam will focus on developing the semiconductor and electronics industry through a combination of self-reliance and foreign direct investment (FDI).

The goal is to form at least 200 design enterprises, two semiconductor chip manufacturing plants, and 15 packaging and testing plants. The semiconductor industry's revenue is expected to exceed $50 billion per year, with added value reaching 15-20%.

In the last phase between 2040-2050, Vietnam aims to become a leading country in the semiconductor and electronics industry.

The goal is to form at least 300 design enterprises, three semiconductor chip manufacturing plants, and 20 packaging and testing plants. The semiconductor industry's revenue is expected to exceed $100 billion per year, with added value reaching 20-25%.

The overall goal is to establish a self-sufficient semiconductor industry ecosystem in Vietnam, leading in certain stages and segments of the production chain.