Hanoi (VNA)𒆙 – Vietnam is seeing greatopportunities to turn the semiconductor industry into a critical national one in the next 30-50 years.
Minister of Planning and Investment Nguyen Chi Dung saidthat Vietnam has advantages in developing its semiconductor industry,particularly its human resources. Jensen Huang, President and CEO of the US chip giant Nvidia,during his recent visit to Vietnam, highly valued Vietnam's potential, greatopportunities, and clear strategy, vision and approach, as well as its focus oninfrastructure investment in semiconductors and artificial intelligence (AI),and human resources in the spheres. He said Nvidia wishes to establish a base in Vietnam asit views the Southeast Asian nation its home. According to the official, Vietnam has a goodeducation system and infrastructure. Once the country’s new generation entersthe AI sector and overseas Vietnamese experts return home, Vietnam will havemany more advantages. Nvidia is willing to support Vietnam to increase capacityand infrastructure in AI. Meanwhile, Vietnam is committed to creating favourableconditions for Nvidia to operate in Vietnam, Dung said, calling on Nvidia to boost semiconductor andAI research and projects in Vietnam. He proposed Nvidia go together with Vietnam in buildingincubation for semiconductor enterprises and supporting it to form supportingenterprises.
Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national sector in the next 30-50 years. (Photo: tapchitaichinh.vn)
The global semiconductor industry revenue reached nearly600 billion USD in 2022. Global chip demand is expected to increase sharply in2024 and semiconductor chip sales are estimated to reach 1 trillion USD in 2030. Speaking at the National Forum onDigital Enterprises Development 2023 (VFTE 2023) held early this week, Minister of Informationand Communications Nguyen Manh Hung stressed that 2024 will be thefirst year Vietnam adopts the National Strategy on Semiconductor IndustryGrowth. "The semiconductor industry is a foundationalsector and, more importantly, a critical national industry for the next 30-50years," he said. Developing the semiconductor industry also bringsopportunities for Vietnam to reform its electronics industry, especially when ittransitions to AI and IoT-enabled electronic devices. Nguyen Van Khoa, CEO of FPT Corporation, said that fromthe beginning of this year, major world electronics companies have pouredinvestment into building facilities for hi-tech electronic production inVietnam. Vietnam’s semiconductor market is expected to grow byaround 6.7% during 2023-28, reaching 1.94 billion USD. The country should focuson design, packaging and testing in the short term, production in the mediumterm, and mastering core technology in the long term, Khoa suggested./.
A roundtable on Vietnam’s infrastructure readiness for semiconductor industry in Vietnam was organised by the Ministry of Planning and Investment (MPI) in collaboration with the National Innovation Centre (NIC) and the US Semiconductor Industry Association (SIA) in Hanoi on December 7.
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on December 7 for President of the US Semiconductor Industry Association (SIA) John Neuffer and leaders of major US semiconductor companies such as Intel, Qualcom, Ampere and ARM, who are on a working visit to Vietnam.
The number of digital technology companies in Vietnam has increased by 30% while the industry’s revenue has risen by 32% since 2019, Minister of Information and Communications Nguyen Manh Hung said on December 11.
Vietnam boasts huge potential to develop semiconductor and AI industries, and pledges to create favourable conditions for NVIDIA corporation, a leading chip producer in the US, Minister of Planning and Investment Nguyen Chi Dung said on December 11.
The National Innovation Centre (NIC) is building a project on developing human resources for the semiconductor industry as part of the country’s efforts to provide 50,000 engineers for the industry, according to NIC Vice Director Vo Xuan Hoai.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
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Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
Illustrative photo (Photo: cafef.vn) 
Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national sector in the next 30-50 years. (Photo: tapchitaichinh.vn) 
