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Home Vietnam

Việt Nam has significant opportunity for deep integration into global semiconductor industry

WNAM: by WNAM:
June 7, 2024
in Vietnam
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Việt Nam has significant opportunity for deep integration into global semiconductor industry
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HÀ NỘI : Việt Nam has significant opportunities to deeply integrate itself into the global semiconductor industry, Deputy Prime Minister Trần Hồng Hà has said.

However the country will need to make fundamental changes and begin specialised research programmes in order to master technology, production and manufacturing over the longer term.

Continuing the questioning and answer sessions at the 15th National Assembly’s 7th sitting on Thursday, Deputy PM Hà laid out the specific conditions that the Government is focusing on in order to address the most pressing issues in the semiconductor industry.

Responding to a question from Deputy Nguyễn Thị Việt Nga from Hải Dương Province about Việt Nam’s opportunities, the Deputy PM said that many leading global companies in information technology and within the digital economy, have already established a presence in Việt Nam.

To deeply integrate into the semiconductor industry’s value chain, Deputy PM Hà emphasised the need for immediate and continuous training of engineers who have essential understanding of the sector and have them engage in design, packaging and testing within the semiconductor industry.

In addition to training a highly skilled workforce, Việt Nam has the advantage of a large overseas workforce, including Vietnamese individuals already involved in and experienced in this field.

Moreover, with appropriate policies, the participation of overseas Vietnamese experts and scientists working in the semiconductor industry can be mobilised. The Government also plans to support businesses in selecting universities to establish semiconductor technology centres and investing in large, modern laboratories for design, production and testing.

He noted that the equipment for designing and manufacturing semiconductor chips is monopolised by a few countries. Therefore, beyond basic scientific research, in-depth research is needed to achieve long-term mastery.

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