A series of leading US semiconductor corporations work with the Prime Minister, affirming that Vietnam is 'the destination'

On the afternoon of December 10, Prime Minister Pham Minh Chinh received Mr. John Neuffer, President of the Semiconductor Industry Association (SIA), and leaders of the country's leading semiconductor enterprises.

Prime Minister receives leading US semiconductor companies working in Vietnam - Photo: VGP

Representing the US semiconductor industry, SIA currently brings together a network of member companies that account for 99% of the industry's revenue, of which two-thirds are foreign semiconductor companies.

Mr. John Neffeur had two visits to Vietnam in January 2023 and October 2023. This time, SIA organized a delegation of leading semiconductor enterprises including Intel, Ampere, Marvell, Cirrus Logic, Infineon, Skyworks.

Promoting Semiconductor Industry Cooperation

Welcoming businesses visiting and working in Vietnam, the Prime Minister appreciated the Chairman and SIA for having many activities and initiatives to support and connect many SIA member businesses to seek business and cooperation opportunities in Vietnam.

Emphasizing the focus on three strategic breakthroughs in institutions, infrastructure (especially transport infrastructure and digital infrastructure) and human resources, the Prime Minister said that it will facilitate and meet the needs of investors, increase competitiveness and help investors feel secure in long-term, sustainable and effective cooperation with Vietnam.

With the policy of developing science and technology, innovation, and the semiconductor industry, the Prime Minister affirmed that there will be policies to support investors in the spirit of "harmonized benefits and shared risks".

Therefore, he suggested that SIA continue to call on US corporations to cooperate and invest more deeply and effectively in these areas.

From there, support Vietnamese enterprises to participate in the global supply chain, cooperate in infrastructure investment, build training facilities, and semiconductor research and development centers.

He also hopes that businesses with a voice in the US government will continue to promote relations with Vietnam to become deeper, more substantial, and more effective; soon recognize Vietnam as a market economy and abolish restrictions related to high-tech exports to Vietnam.

US semiconductor companies interested in bilateral cooperation

SIA Chairman John Neuffer expressed his delight at witnessing Vietnam’s strong development and the good relations between the two countries, affirming that Vietnam is an important and attractive destination for investors. In particular, Vietnam’s initiatives in developing the semiconductor industry, such as the program to train 50,000 semiconductor engineers.

According to Mr. John Neuffer, Vietnam has made a lot of progress in this field, especially in diversifying and developing the supply chain. Especially advantages such as the world's leading hard-working labor force; the construction of important infrastructure; potential domestic partners such as Viettel... create a foundation for cooperation.

Therefore, there are many new and huge opportunities for American businesses in Vietnam, Mr. John Neuffer said that SIA and American businesses are very interested in the relationship between the two countries, and will continue to accompany and support Vietnam in developing the semiconductor industry and building a strong supply chain.

Accordingly, as a reliable partner with a bright future, Mr. John Neuffer believes that Vietnam is very important and increasingly important to the US semiconductor industry, in the strategy of SIA enterprises. The SIA Chairman said that he will return to Vietnam many times and continue to promote and strengthen bilateral relations between the two countries.

Also at the meeting, the businesses in the delegation affirmed that they highly value the Vietnamese market, informed about their operations and plans to expand cooperation and investment in Vietnam in the coming time.

US $528 billion investment fund wants to expand investment

On the same afternoon, receiving Mr. David Petraeus - one of the co-owners of KKR Investment Fund (USA), the world's leading investment fund with total assets of 528 billion USD - who is visiting and working in Vietnam, Prime Minister Pham Minh Chinh expected that American investors will continue to increase new investments and expand investments in Vietnam.

Especially in emerging fields such as artificial intelligence, semiconductors, building innovative startup ecosystems, digital transformation, renewable energy, etc.; connecting Vietnam with corporations and partners of KKR Fund around the world to seek opportunities, expand cooperation and investment in Vietnam.

Meanwhile, Mr. David Petraeus highly appreciated the factors that make Vietnam an "extremely attractive" place to invest, affirming that KKR Investment Fund continues to expand investment and actively supports cooperation with Vietnam.

Source: https://tuoitre.vn/loat-tap-doan-ban-dan-hang-dau-my-lam-viec-voi-thu-tuong-khang-dinh-viet-nam-la-dich-den-20241210181742494.htm