Deputy Minister of Information and Communications Nguyen Huy Dung says that Vietnam has strategic relations with semiconductor powerhouses.

Semiconductor products have been defined by the Government as one of the nine national products in the country’s efforts to actively engage in the Fourth Industrial Revolution.

Currently, Vietnam has around 6,000 engineers working in the semiconductor industry for both domestic and foreign enterprises.

The semiconductor industry is expected to open up opportunities for Vietnamese businesses to step into the most modern and fundamental playground in the digital transformation process.

Vietnam will implement a national strategy on semiconductor industry development in 2024 to make it a key national industry in the coming decades, said Minister of Information and Communications Nguyen Manh Hung.

The government has assigned the Ministry of Education and Training (MOET) to produce 50,000 semiconductor engineers to satisfy demand by 2030.

Vietnam is planning to establish a semiconductor research and development center in each of Hanoi, Danang and HCMC next year.

The US will help VN in developing semiconductor workforce, improving investment environment for the semiconductor industry, which are among the hardest, biggest constraints that companies face as they try and expand their semiconductor supply chains.

The central city of Da Nang on January 26 announced the decision to establish the Da Nang Semiconductor and Artificial Intelligence Center for Research and Training (DSAC).

Many significant financiers from developed countries are ready to invest in the country's semiconductor chip manufacturing, according to the Ministry of Science and Technology.

Minister of Planning and Investment Nguyen Chi Dung highlighted Vietnam's preparedness for the upcoming semiconductor industry investment wave.

Vietnam is estimated to face a shortage of 20,000 qualified personnel in the semiconductor industry in the next five years as foreign-invested enterprises pour money into the country's sector.

Many Vietnamese universities have unveiled plans to enroll and train students in the integrated circuit (IC) and semiconductor design industry in the year ahead.

Prof Tech-Seng Low says Vietnam has been moving rapidly ahead in attracting semiconductor manufacturers.

Chair of the US Semiconductor Industry Association (SIA) John Neuffer has said that many businesses are doubling their investments in Vietnam.

Prime Minister Pham Minh Chinh on December 23 visited Hana Micron Vina Ltd., a company invested by the Republic of Korea (RoK) and the first semiconductor chip manufacturer in the northern region.

Jensen Huang, CEO of US chip giant Nvidia, loves eating Vietnamese dishes, according to Hoang Anh Tuan, the Vietnamese General Consul in San Francisco.

Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national one in the next 30-50 years.

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.

Minister of Information and Communications Nguyen Manh Hung late last week had a meeting with a delegation from the US Semiconductor Industry Association (SIA) led by John Neuffer, SIA’s President and CEO, who was on a business trip in Vietnam.