(MPI) - The Vietnam Semiconductor Industry Exhibition 2024 (SEMIExpo Vietnam 2024), the largest and first international-scale of its kind in Vietnam, officially opened at the National Innovation Center (NIC) Hoa Lac Hi-tech Park on November 7. The event, organised by the Ministry of Planning and Investment in collaboration with the Semiconductor Industry Association (SEMI), is themed “Elevating Vietnam in the Global Semiconductor Supply Chain”.

Minister of Planning and Investment Nguyen Chi Dung, deputy head of the national steering committee on semiconductor industry development speaks at the event. Photo: MPI

Speaking at the event, Minister of Planning and Investment Nguyen Chi Dung, who is also deputy head of the national steering committee on semiconductor industry development, noted that Vietnam’s political stability, continuous economic growth over many years, and a young, creative, and abundant workforce make it an attractive destination for semiconductor investors.

Recognising this opportunity, the Government of Vietnam has issued the Vietnam’s semiconductor industry development through 2030, vision to 2050, with the goal of making Vietnam a global semiconductor and electronics center while developing the semiconductor and electronics industries from 2030 to 2040.

The recent approved programme on developing human resources for the semiconductor industry set a target to train at least 50,000 engineers and workers with bachelor's and higher degrees in all stages of the semiconductor value chain, provide intensive training for 1,300 lecturers, and build national-level and local-level laboratories to serve the training of human resources.

“Our goal is not only to participate in the global value chain but also to develop an advanced and appealing regional and global semiconductor industry ecosystem, ensuring the country’s self-reliance and sustainable development in this sector”, he said.

Vietnam has met the conditions to welcome and collaborate with businesses and investors worldwide in the semiconductor industry. The minister expressed confidence that the event would serve as a platform to connect Vietnam with the global semiconductor sector, facilitating broader cooperation to advance Vietnam as a crucial link in the global semiconductor supply chain, contributing to sustainable development and general prosperity, and setting a solid foundation for the country enter the new era - the era of the nation's rise as outlined by Party General Secretary To Lam.

At the event. Photo: MPI

KC Ang, SEMI SEA Regional Advisory Chairman and GlobalFoundries Asia President, highlighted that Vietnam is quickly emerging as a semiconductor powerhouse in the region, with impressive double-digit growth rates. This success is due to strategic investments and the long-term vision of the Government of Vietnam, which has demonstrated great potential to contribute to the global semiconductor supply chain and become a dynamic center for innovation.

Vietnam holds numerous advantages, and the Government has made firm commitments to support the development of the semiconductor industry, setting clear visions and goals with specific stages to achieve by 2030.

He outlined Vietnam’s strategic location, a young population quick to adopt technology, competitive labor costs, and the presence of major FDI corporations all help cement its increasing role in the regional and global semiconductor industry.

Ang also noted that organising the exhibition underscores Vietnam’s efforts and commitment to developing the semiconductor industry, indicating reforms and transformations to make it a model and an ideal setting for this industry's growth.

During the event, NIC and SEMI also exchanged a cooperation agreement aimed at promoting the development of Vietnam's semiconductor industry.

The event also included a panel discussion on “Elevating Vietnam in the Global Semiconductor Supply Chain”. Panelists shared insights, discussed current developments in the semiconductor industry, and evaluated Vietnam's potential and advantages for global semiconductor enterprises, opening opportunities for its participation in this industry's processes. The also affirmed the cooperation and partnership of the global semiconductor community with Vietnam’s development, aiming towards a fast and sustainable future.

SEMIExpo Vietnam 2024, in collaboration of NIC and SEMI, drew the participation of more than 5,000 delegates and 100 booths of major semiconductor technology corporations in the world and Vietnam such as Cadence, Qualcomm, Intel, Qorvo, Dassault Systemes, Siemens, Tektronix, FPT and Viettel, as well as major research institutes, universities, investment funds, businesses, organisations, and domestic and foreign experts in the semiconductor field./.

Bao Linh

Ministry of Planning and Investment