Vietnam ready to welcome “eagles” in electronics, semiconductor industry: Official
Vietnam has prepared necessary conditions to attract “eagles” worldwide in the electronics and semiconductor industry, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam Global Manufacturing Forum 2024 (VGMF2024) in Hanoi on March 26.
Hanoi (VNA) – Vietnam has prepared necessary conditions to attract “eagles”worldwide in the electronics and semico🎉nductor industry, Deputy Minister of Planningand Investment Tran Duy Dong told the Vietnam Global Manufacturing Forum 2024 (VGMF2024) in Hanoi on March 26.
Dong highlightedthe country's strong infrastructure, research and development incentives, andskilled workforce as key advantages for investors. With the global electronics and semiconductor market expectedto surpass 1 trillion USD by 2030, hesaid the Vietnamese Government and Prime Minister are directing theMinistry of Planning and Investment (MPI), relevant ministries and agencies toprepare the best conditions to welcome incoming investments. According to the official, Vietnam is currently among the top 40 economies in the world interms of GDP with over 430 billion USD and the top 20 economies in international trade and foreigndirect investment. The nation prioritises projects in hi-tech fields like electronics,semiconductors, innovation and renewable energy. It also seeks todevelop international financial centres, modern services and trade,infrastructure, research and development. Dong also revealed an MPI-developed human resourcedevelopment scheme specifically for the semiconductor industry. This scheme,targeting the training of 50,000 engineers by 2030, will be submitted to the PMfor approval in the near future. The National Innovation Centre (NIC), managed by the MPI, willfocus on smart factory and urban development, digital communication,environmental technology, cybersecurity, semiconductor industry, hydrogen andhealthcare. Notably, the NIC has already secured partnerships with USchipmakers Synopsys and Garden to establish a facility dedicated to chipresearch and design.
Furthermore,the MPI is drafting a decree on an investment support fund, offering substantialfinancial assistance for hi-tech, electronics and semiconductor sectors. Thisdecree willbe submitted to the Government for issuance soon.
Tran Tuan Anh, Deputy Director of the Hanoi Industrial andExport Processing Zones Authority (HIZA), unveiled the city’s goal ofestablishing 2-5 new indꦐustrial parks by 2025 to draw more investors,especially tho𒁏se using modern, clean and eco-friendly technologies andproducing highly competitive products to integrate seamlessly into the global value andsupply chains./.
Vietnam welcomes and encourages investments in hi-tech and semiconductor industries by providing appropriate mechanisms, incentives and modern infrastructure, said Prime Minister Pham Minh Chinh.
The establishment of a semiconductor technology training programme is emerging as a trend among Vietnamese education institutions, aiming to meet the market's demand for skilled engineers in the field.
The Vietnam – Korea University of Information and Communication Technology (VKU) in the central city of Da Nang on March 26 launched a programme on human resources training for integrated circuit (IC) design.
Standing Vice Chairman of the People’s Committee of the central city of Da Nang Ho Ky Minh on March 26 hosted a reception for US Consul General in Ho Chi Minh City Susan Burns, during which he expressed his hope for stronger cooperation with the US in the semiconductor industry.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
An overview of the forum. (Photo: VNA) 
