Vietnam welcomes US enterprises to continue expanding their operations in the country, particularly in high-tech sectors and industries with high added value.
Deputy Prime Minister Ho Quoc Dung emphasized this during a meeting with Mr. Jeff Place, Chief Supply Chain Officer of Coherent Corp. (US), on June 26, as part of the latter's working visit to Vietnam.
The Deputy PM was quoted by the Vietnam News Agency as stating at the meeting that Vietnam prioritizes attracting foreign direct investment (FDI) projects characterized by high technological content, research and development (R&D) capabilities, strong linkages with domestic firms, and human resource training. He added that the country seeks projects that allow for deep integration into global value chains.
Regarding the semiconductor industry, according to the Deputy Prime Minister, Vietnam is currently promoting the development of an ecosystem aimed at deeper participation in stages such as design, packaging, testing, and the production of materials, components, and equipment. Simultaneously, the country is focusing on training high-quality human resources and attracting strategic investors.
Furthermore, he said, Vietnam aims to establish industrial ecosystems for semiconductors, electronics, and high technology in localities that possess advantages in industrial infrastructure, logistics, human resources, and supply chain connectivity. This strategy includes developing supporting industries, enhancing the supply of materials and components, and gradually increasing localization rates within the high-tech value chain.
Mr. Dung also noted that Vietnam encourages the development of data centers and artificial intelligence (AI) infrastructure. These projects should utilize modern, energy-efficient technologies, ensure cybersecurity and data protection, and align with local technical infrastructure planning.
On behalf of Coherent Corp., Mr. Place expressed the group's desire to continue partnering with Vietnam and sharing the fruits of development through investment expansion, high-quality human resource training, and the growth of the semiconductor ecosystem.
Mr. Place highlighted that Coherent is a leader in mastering the entire supply chain—from raw materials and production equipment to finished systems and products for the global market. Consequently, the group aims to work with Vietnam to develop an ecosystem where all parties can benefit and achieve sustainable growth.
In addition to manufacturing, Coherent is placing a strong emphasis on technology R&D. The group is currently collaborating with Vietnamese universities not only on human resource training but also on researching new technologies to drive innovation and enhance the overall capacity of the semiconductor industry.
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