On the morning of September 11, the National Innovation Center (NIC, Ministry of Planning and Investment ) coordinated with the US Department of State, the US Embassy in Vietnam and Arizona State University to announce the establishment of the International Technology Security and Innovation Fund (ITSI).

This is an activity to celebrate the 1st anniversary of the establishment of the Comprehensive Strategic Partnership between Vietnam and the United States and to implement the Project "Human resource development for the semiconductor industry to 2030, with a vision to 2050".

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Announcing the International Technological Innovation and Security (ITSI) Fund. Photo: NIC

In addition to cooperation activities in training and human resource development, Vietnam and the United States have agreed to make innovation and high technology, especially the semiconductor industry, an important pillar in the bilateral cooperation relationship.

The US government is committed to supporting Vietnam in building a semiconductor ecosystem, including plans to build two semiconductor training centers in Ho Chi Minh City and Hanoi , thereby contributing to the training of tens of thousands of semiconductor engineers.

Vietnam is also actively coordinating with the United States in implementing semiconductor initiatives within the OECD (Organization for Economic Cooperation and Development), including the semiconductor expert network, to deeply participate in the global supply chain.

According to Minister of Planning and Investment Nguyen Chi Dung, this event not only marks the beginning of a new training program with international standards on packaging and testing of microchips for lecturers and students of universities in Vietnam, but is also an important step in the journey of gradually mastering technology for Vietnamese people in the semiconductor industry.

The Vietnamese government has identified high-tech sectors, especially semiconductors and artificial intelligence, as breakthrough areas. This is an opportunity for Vietnamese enterprises to participate more deeply in the global value chain to catch up, move forward and surpass, creating new momentum for Vietnam's economic development in the coming period.

Vietnam is currently one of the countries with the fastest growing digital economy in Southeast Asia, has a strategic geopolitical position, has an abundant young workforce that is knowledgeable about technology, and increasingly modern infrastructure investment, attracting more and more large technology corporations in the world, especially in the fields of semiconductor industry and artificial intelligence.

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Minister of Planning and Investment Nguyen Chi Dung. Photo: NIC

Minister Nguyen Chi Dung said that the potential for cooperation between Vietnamese and US partners in the semiconductor industry and other high-tech industries is enormous and of great significance to the diplomatic relations between the two countries.

Cooperation in the fields of semiconductors and high technology will open up many opportunities for businesses of both countries to promote and exploit each other's advantages, bringing economic benefits to businesses and to both countries.

US investment and support in Vietnam's human resources is the key to opening the door to a brighter and more sustainable future, bringing great benefits to both Vietnam and the United States.

Along with the semiconductor training courses that NIC has been organizing, the training of semiconductor human resources is being implemented simultaneously at universities in Vietnam. The participation of many partners will contribute significantly to the goal of training 50,000 semiconductor engineers in Vietnam to soon become a reality, meeting the demand for semiconductor human resources at home and abroad by 2030.

Sharing with VietNamNet, Mr. Vu Quoc Huy, Director of the National Innovation Center, said that to develop Vietnam's semiconductor industry, we must continue to attract investment from foreign enterprises, especially US enterprises.

“ When entering Vietnam, they will both invest and cooperate to promote and support Vietnamese enterprises to gradually participate in the semiconductor industry value chain. Currently, many US enterprises have cooperated with NIC and Vietnamese universities in developing and training lecturers, students and engineers for Vietnam, ” said Mr. Vu Quoc Huy.

According to the National Innovation Center, to attract investment from US businesses in Vietnam, one year is not a long time. We need more time for US businesses to research and survey, and then decide to make new investments or expand investments in Vietnam.

The Vietnamese Government will support appropriate policy mechanisms to promote and encourage foreign semiconductor enterprises in general, as well as US enterprises in particular, creating favorable conditions for the investment and business environment in Vietnam.

Vietnam organizes training for lecturers on semiconductor chip design . Lecturers will be exposed to new chip design technologies, then retrain students to create human resources for Vietnam's semiconductor industry.