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Vietnam anticipating opportunities of semiconductor industry

Thorough preparations, especially in human resources training, are needed for Vietnam to anticipate opportunities of the semiconductor industry expected to continue growing rapidly in the coming time.
Vietnam anticipating opportunities of semiconductor industry ảnh 1With many advantages, Vietnam is emerging as a key market for large global semiconductor manufacturers (Photo: VNA)
Hanoi (VNA) – Thorough preparations, especially in human resourcestraining, are needed for Vietnam to anticipate opportunities of thesemiconductor industry expected to continue growing rapidly in the coming time.

According to experts, with many advantages, Vietnam isemerging as a key market for large global semiconductor manufacturers.

In September, Hana Micron, a major business in the Republicof Korea (RoK)’s semiconductor industry, inaugurated a semiconductor manufacturingfactory in Bac Giang province, the first of its kind in the northern region. Withthis project, Hana Micron’s total investment in Vietnam now stands at 600million USD. This year, the company’s revenue is expected to reach 300 millionUSD. It plans to raise its investment to over 1 billion USD by 2025. At thattime, the factory is set to gain 800 million USD in revenue and create over4,000 jobs.

One month later, the RoK's Amkor Technology, Inc., a globalsemiconductor packaging and test service provider, inaugurated its factory in BacGiang’s neighbouring province of Bac Ninh.

Amkor Technology Vietnam, located at Yen Phong II-C with atotal investment of 1.6 billion USD by 2035, is one of the largestsemiconductor manufacturing plants in Vietnam.

Recently, Vietnam’s National Innovation Centre (NIC) signedmemoranda of understanding with three major US partners, namely Synopsys,Cadence Design Systems, Inc., and the University of Arizona. In particular, the NIC'scooperation with Synopsys and the University of Arizona focuses on humanresources development for the semiconductor industry in Vietnam, while itscooperation with Cadence involves promoting design capacity and developingsemiconductor products in the country.

Vietnam anticipating opportunities of semiconductor industry ảnh 2Illustrative image (Photo: VNA)
In addition, the Ministry of Education and Training alsosigned a memorandum of understanding with Intel Corporation on developing humanresources for high-tech industries.

Several technology units and enterprises such as Viettel,FPT, and CMC have also researched, designed, and manufactured integrated circuits(ICs), which is considered a way for Vietnam to participate more deeply in theglobal semiconductor industry.

Determining human resources training as a fundamental issuefor this industry, the Government has assigned the Ministry of Planning andInvestment, the Ministry of Information and Communications, and related ministriesand sectors to develop an action programme on developing the sector in Vietnam,and build a human resources development project with a goal of forming a contingentof 50,000 engineers for it by 2030./.
VNA
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