Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

Workers at Meiko Vietnam, a company specialised in manufacturing printed circuit boards at the Thach That industrial park in Hanoi. (Photo: laodong.vn)
Workers at Meiko Vietnam, a company specialised in manufacturing printed circuit boards at the Thach That industrial park in Hanoi. (Photo: laodong.vn)

Hanoi (VNA) – Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

Deputy Minister of Planning and Investment Nguyen Duc Tam said the Prime Minister has issued a semiconductor industry development strategy by 2030, with a vision to 2050, aiming to position Vietnam as a leading centre for semiconductor manufacturing and research in the region.

The goal is not only to participate in the global value chain but also to build a semiconductor ecosystem serving Vietnam’s self-reliance and sustainable growth in the sector, Tam said. The PM has also approved a semiconductor workforce development programme, as Vietnam is actively promoting partnerships with developed economies to further drive this industry.

According to the global semiconductor association SEMI, the Vietnam market is projected to reach 7.01 billion USD by 2028, growing at an average annual rate of 6.69% between 2023 and 2028.

Dutch Ambassador to Vietnam Kees van Baar noted that the country can leverage its existing support industries for deeper integration into the semiconductor value chain. The Netherlands, with its robust semiconductor manufacturing base, is ready to collaborate with Vietnam, he stated.

Arnaud Ginolin, Managing Director and Partner at Boston Consulting Group (BCG), highlighted Vietnam’s unique opportunity within a favourable geopolitical climate and the government’s proactive policies on workforce development and investment attraction.

Chong Chan Pin, Vice Chairman of SEMI’s Southeast Asia Regional Advisory Board, pointed to improved infrastructure, progressive policies, and a talented, eager workforce, particularly the youth, as clear indicators of Vietnam’s potential. Additionally, the nation’s consistent GDP growth of 6% annually augurs well for its appeal in the region./.

VNA

See more

Furusawa Yasuyuki, General Director of AEON Vietnam Company Limited, speaks at a meeting with Can Tho city's leaders. (Photo: VNA)

Can Tho creates enabling environment to attract Japanese investors

The Mekong Delta city of Can Tho is committed to creating the best possible conditions for Japanese companies to study, invest and develop projects, Standing Vice Chairman of the municipal People’s Commitee Duong Tan Hien said at a January 20 meeting with representatives from the Japanese Embassy and businesses in Vietnam.

Representatives of the Vietnamese Ministry of Industry and Trade and the Office of the US Trade Representative sign an agreement regarding anti-dumping on Vietnamese fish fillets on January 20 (Photo: moit.gov.vn)

US anti-dumping duty removed from Vietnamese fish fillets

A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).

The red carps for the ritual remain reasonably priced at 25,000-75,000 VND for three fish, depending on sizes. (Photo: VNA)

Hanoi markets bustle as residents prepare for Kitchen Gods’ Day

Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.

Illustrative image (Photo: cafef.vn)

Banks step up capital mobilisation policies

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

Illustrative image (Photo: VinFast)

VinFast officially enters India market, unveils two EVs

Vietnamese electric vehicle manufacturer VinFast has unveiled two all-electric B-segment and C-segment SUVs, VF6 and VF 7, that will be sold in the Indian market within the framework of the Bharat Mobility Global Expo 2025 on January 18.

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.

VinFast's green bus fleet is ready to supply to three transport companies. (Photo: VNA)

VinFast launches new e-bus model

VinFast, a leading Vietnamese electric vehicle manufacturer, on January 17 launched a new electric bus model with the capacity to carry up to 60 passengers.