Vietnam seizes opportunities to join global semiconductor supply

With abundant and quality labour supply, human resources have become Vietnam’s biggest and most prominent advantage compared to other countries and economies in the world. The Government has been taking drastic and prompt measures to join the global semiconductor supply.

The semiconductor industry ecosystem has been formed in Vietnam with more than 50 enterprises, most of them are foreign-invested enterprises such as Intel, Amkor, Hana Micron in packaging and testing; Ampere, Marvell, Cadence, Renesas, Synopsys in design, and Lam Research, Coherent in equipment manufacturing.

Major Vietnamese enterprises such as FPT and Viettel are also taking part in the design stage that accounts for 53% of the chain value.

In Vietnam, the new development trend of high-tech industries has changed quickly in the past half a year, especially when the Hoa Lac National Innovation Centre facility came into operation.

Recently, the Vietnam National Innovation Centre and Samsung Vietnam officially kick-started a technology talent development program called ‘Samsung Innovation Campus (SIC)’ for the academic year 2023-2024 in Hanoi.

The SIC is the first joint effort between Samsung Vietnam and the NIC to realise the goal of training 50,000 semiconductor engineers by 2030./.