Japanese newspaper: Vietnam attracts foreign companies in semiconductor chip manufacturing

According to Nikkei Asia (Japan), Vietnam is actively promoting the chip manufacturing sector with a commitment to reduce taxes and other incentives for semiconductor manufacturing corporations to help develop this sector domestically.

Strong diplomatic relations will be the key to opening up opportunities for semiconductor businesses in Vietnam, helping them participate deeply in the regional and global semiconductor supply chain. (Source: iStock)

The news site quoted Huynh Thanh Dat, head of the Vietnamese Ministry of Science and Technology, as saying that the national chip manufacturing program includes funding for the industry through a joint science and research fund between the state and private companies such as FPT. Corporations from Nvidia (USA) to Samsung (South Korea) are looking to increase chip production in Vietnam.

Vietnam is expected to receive millions of dollars under the US CHIPS and Science Act, and will also be home to Intel Corporation's largest assembly and testing plant in the world. Nikkei Asia also quoted Jose Fernandez, US Under Secretary of State for Economic Growth, Energy and the Environment, as saying that Vietnam has attracted dozens of companies in the semiconductor sector and many more US companies would invest in Vietnam if Vietnam had enough renewable energy to meet their green goals. Vietnam needs to reach technology transfer agreements with countries that are leading in the chip sector. The Southeast Asian country plans to ease policies to attract foreign experts, who have recently had difficulty obtaining work permits. To that end, universities are launching semiconductor training courses in cooperation with employers such as Samsung.

Vietnam aims to train 50,000 engineers for the semiconductor industry by 2030 based on a solid foundation of science and technology education. In an interview during a recent visit to Vietnam, US Deputy Secretary of State Fernandez shared that Vietnam is a leading candidate for subsidies under Washington’s CHIPS Act. The exact amount in USD will be calculated based on an assessment report this February.

Baoquocte.vn

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