Samsung requested to support training of 50,000 semiconductor engineers

Deputy Prime Minister Tran Luu Quang asked Samsung to support Vietnam in achieving the goal of training 50,000 semiconductor engineers by 2030.

Receiving General Director of Samsung Vietnam Complex Choi Joo Ho on the afternoon of March 4 at the Government headquarters, Deputy Prime Minister Tran Luu Quang highly appreciated Samsung's investment activities which have actively contributed to Vietnam's import-export turnover and economic development, and highly appreciated the team of Vietnamese engineers working at Samsung's Research and Development Center.

The Deputy Prime Minister affirmed that the Government always attaches importance to improving the investment environment, promoting transformation, and creating conditions for foreign enterprises to operate long-term production and business in Vietnam.

He suggested that Samsung continue to cooperate with the National Innovation Center (NIC) and support Vietnam in completing the goal of training semiconductor engineers.

Deputy Prime Minister Tran Luu Quang and General Director of Samsung Vietnam Complex Choi Joo Ho. Photo: VGP

Samsung Vietnam and NIC signed a Memorandum of Understanding on Cooperation to implement high-tech development activities for the young generation of Vietnam. The enterprise and Hanoi National University (VNU) signed a cooperation document with the goal of training 40 excellent students of VNU to become future leaders in the semiconductor field in 4 years.

Mr. Choi Joo Ho said Samsung will study the possibilities of expanding cooperation with NIC, supporting Vietnam in training human resources in the semiconductor industry. Samsung's R&D Center has 2,400 engineers working, in which Vietnamese personnel are the "core" force researching AI features of the new phone line that is highly appreciated by the group.

In 2023, Samsung will invest an additional 1.2 billion USD, bringing its total investment capital in Vietnam to 22.4 billion USD. It is expected that this enterprise will continue to "pour" another 1 billion USD into Vietnam each year.

Ho Chi Minh City National University's microchip product display booth at an innovation event, October 2023. Photo: Luu Quy

Vietnam’s semiconductor industry needs 10,000 engineers a year, but the current workforce meets less than 20%. Vietnam is considered a potential market for the chip and semiconductor component manufacturing industry. According to research firm Technavio, the semiconductor market in Vietnam is expected to increase by 1.65 billion USD in the period 2021-2025, with a growth rate of about 6.5% per year.

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