(MPI) - Vietnam sees numerous opportunities on developing the semiconductor industry, and will become a reliable partner in the global semiconductor supply chain, Deputy Minister of Planning and Investment Nguyen Duc Tam told at a workshop of “Global Semiconductor Supply Chain: Opportunities for Vietnam in the manufacturing” on November 7.

Deputy Minister of Planning and Investment Nguyen Duc Tam speaks at the event. Photo: MPI

The MPI deputy  minister also emphasised that the Ministry of Planning and Investment (MPI) affirmed Vietnam’s continuous commitment to creating a favorable environment for both domestic and foreign businesses to develop the semiconductor industry.

The workshop is jointly held by the National Innovation Centre (NIC), under the MPI, the Embassy of the Netherlands in Vietnam, and the Semiconductor Equipment and Materials International (SEMI) at the NIC Hoa Lac Hi-tech Park. It is also within the framework of the Vietnam Semiconductor Industry Exhibition 2024 (SEMIExpo Vietnam 2024).

Addressing the event, Deputy Minister Tam stated that Vietnam is entering a new era - the era of the nation’s rise as outlined by Party General Secretary To Lam. The country put focus on promoting digital transformation, green transition and developing science-technology and innovation in order to create breakthroughs in productivity, quality and economic competitiveness.

The national 2021-2030 socio-economic development strategy has identified three strategic breakthroughs of institutions, infrastructure, and human resources, associated with restructure the economy, renew the growth model and promote growth based on science, technology, innovation and cultural values of the Vietnamese people.

He said Vietnam has proactively implemented numerous specific solutions to attract investment and promote the comprehensive development of the innovation ecosystem, creating an environment conducive to research and development and the application of science and technology. The country encourages and prioritizes selective investment attraction aimed at high-tech projects, including semiconductors.

The deputy minister stated that to realise its commitment to developing the semiconductor industry, the Prime Minister has approved the national semiconductor industry development through 2030, vision to 2050, setting an ambitious goal of bringing Vietnam become a leading semiconductor research and develop (R&D) center in the region.

Vietnam wishes not only to participate in the global value chain, but also to build a semiconductor ecosystem, becoming self-reliant and sustainably in this field.The programme on developing human resources in semiconductors also aims to train at least 50,000 engineers and workers with bachelor's and higher degrees in all stages of the semiconductor value chain by 2030.

Vietnam has also been promoting the development of the semiconductor industry with developed countries and economies. By expanding cooperative relations with reputable semiconductor partners worldwide, the country has been practicing the principle “if you want to go fast, go alone; if you want to go far, go together,” progressively partnering with these entities to engage in the semiconductor production supply chain, said Deputy Minister Tam.

Ambassador of the Netherlands to Vietnam Kees Van Baar speaks at the event. Photo: MPI

Kees Van Baar, Ambassador of the Netherlands to Vietnam, noted that Dutch enterprises are interested in doing business in Vietnam, including in the semiconductor industry. He expressed his belief that Vietnam will continue to have appropriate legal frameworks and improve its infrastructure, particularly in energy and digital technologies.

The ambassador also highlighted that Vietnam could fully leverage and enhance its existing supporting industries to deepen its involvement in this value chain; affirmed that equipment manufacturing is a cornerstone of the Dutch semiconductor industry, and that the Netherlands is ready to cooperate with Vietnam to contribute to the global development of the semiconductor industry./.

Bao Linh

Ministry of Planning and Investment