By 2030, Vietnam's semiconductor industry revenue will reach about 25 billion USD/year.

By 2030, the revenue of Vietnam's semiconductor industry will reach about 25 billion USD/year, this number will increase to 50 billion USD in the 2030 - 2040 period and 100 billion USD in the 2040 - 2050 period.

Workers work at the Hana Micron Vina factory specializing in manufacturing and processing circuit boards for mobile phones in Bac Giang - Photo: HA QUAN

Taking advantage of geopolitical advantages for development

These are the goals set out in the Vietnam Semiconductor Industry Development Strategy to 2030, with a vision to 2050, which has just been issued by the Prime Minister . This strategy sets out the path for the development of Vietnam's semiconductor industry from now until 2030, with a vision to 2050, according to the formula C = SET + 1. In which C - semiconductor chip; S - Specialized (specialized, specialized chip); E - electronics (electronics, electronics industry); T - talent (talent, human resources); + 1 - Vietnam is a safe new destination for the global supply chain of the semiconductor industry. According to the strategy recently issued by the Prime Minister, the semiconductor industry from now until 2050 will develop according to a 3-phase roadmap. Phase 1 (2024 - 2030) , Vietnam will take advantage of its geopolitical and human resources in the semiconductor industry, selectively attract FDI, develop into one of the global semiconductor human resources centers, and form basic capacity in all stages from research, design, production, packaging and testing of the semiconductor industry. In this phase, the Government aims to selectively attract FDI investment, establish at least 100 design enterprises, 1 small-scale semiconductor chip manufacturing factory and 10 semiconductor product packaging and testing factories, and develop a number of specialized semiconductor products in a number of industries and fields. The scale of semiconductor industry revenue in Vietnam will reach over 25 billion USD/year, the added value in Vietnam will reach 10 - 15%, the human resource of the semiconductor industry will reach over 50,000 engineers and bachelors with appropriate structure and quantity, meeting development needs.

Samsung Research and Development Center in Hanoi - Photo: NAM TRAN

Global semiconductor and electronics industry center

Phase 2 (2030 - 2040) , Vietnam will become one of the global centers of the semiconductor and electronics industry, developing the semiconductor and electronics industry combining self-reliance and FDI. The development of the semiconductor industry combining self-reliance and FDI, forming at least 200 design enterprises, 2 semiconductor chip manufacturing factories, 15 semiconductor product packaging and testing factories, gradually self-sufficient in design technology, manufacturing specialized semiconductor products. The scale of the semiconductor industry's revenue in Vietnam will reach over 50 billion USD/year, the added value in Vietnam will reach 15 - 20%, the human resources of the semiconductor industry will reach over 100,000 engineers and bachelors with appropriate structure and quantity, meeting development needs.

Phase 3 (2040 - 2050) , Vietnam will become a country in the group of leading countries in the world in the semiconductor and electronics industry, mastering research and development in the semiconductor and electronics fields. Accordingly, the Government sets a target for the domestic semiconductor industry to have at least 300 design enterprises, 3 semiconductor chip manufacturing factories, 20 semiconductor product packaging and testing factories, mastering research and development in the semiconductor field. The scale of the semiconductor industry revenue in Vietnam reaches over 100 billion USD/year, the added value in Vietnam reaches 20 - 25%, the human resources of the Vietnamese semiconductor industry have a suitable structure and quantity, meeting the development needs. Complete the autonomous Vietnamese semiconductor industry ecosystem, with the capacity to lead in some stages and segments of the production chain.

Semiconductor engineering training class at the National Innovation Center - Photo: B.NGOC

Prime Minister heads the steering committee for semiconductor industry development

To achieve the ambitious goals in the semiconductor industry, the Government has set out development tasks and solutions in the coming years. These include developing specialized chips; developing the electronics industry; developing human resources and attracting talents in the semiconductor industry; attracting investment in the semiconductor industry. And some tasks such as establishing a National Steering Committee on Semiconductor Industry Development headed by the Prime Minister, establishing a Semiconductor Industry Advisory Group headed by the Minister of Information and Communications . Adding expenditure items for research and development, manufacturing, and production of new-generation semiconductor products and consumer and specialized electronic equipment from the National Science and Technology Development Fund and the National Technology Innovation Fund. Promoting international cooperation to mobilize resources for the development of Vietnam's semiconductor and electronics industry. Develop regulations on exploitation, treatment, reuse and disposal of toxic waste in the process of resource exploitation, semiconductor and electronics production; improve environmental treatment capacity, ensure the exploitation of resource advantages while ensuring safety, prioritize promoting green production projects in the semiconductor sector, saving energy and resources.

Tuoitre.vn

Source: https://tuoitre.vn/den-nam-2030-doanh-thu-nganh-cong-nghiep-ban-dan-viet-nam-se-dat-khoang-25-ti-usd-nam-20240922053205986.htm