Vietnam to Become Crucial Link in Global Semiconductor Value Chain

	Vietnam, US Establish Cooperation on Semiconductor Industry
	US Expert Works With Vietnam To Further Develop Semiconductor Industry

The Korea Trade and Investment Promotion Agency in Hanoi (KOTRA Hanoi), part of the Embassy of the Republic of Korea (RoK) in Vietnam, held a conference on Vietnam-RoK cooperation in the semiconductor industry on August 6.

The event attracted the participation of many Vietnamese and RoK high-tech enterprises. At the conference, experts and high-tech businesses from both countries shared insights into the global and regional semiconductor industry, as well as experiences and opportunities to expand cooperation networks in the semiconductor field between Vietnam and the RoK.

At the event. Photo: VNA

Speaking at the event, RoK Ambassador to Vietnam Choi Young Sam believed that the event would not only mark a milestone in traditional manufacturing sectors but also offer detailed solutions to advancing bilateral cooperation in the hi-tech industry. This event reaffirms the sustainable economic cooperation between Vietnam and the RoK.

In recent times, the two countries have achieved significant development milestones based on an effective and mutually beneficial economic cooperation, not only in trade, investment, and economic fields but also in other sectors and industries, thereby further strengthening, and consolidating bilateral cooperation.

Building on these achievements and following up on the successful high-level talks, particularly Prime Minister Pham Minh Chinh's official visit to the RoK in July, the two sides have not only discussed the direction of economic cooperation within the framework of the Vietnam-RoK Comprehensive Strategic Partnership but have also shared and agreed on cooperation plans in high-tech industries such as semiconductors, laying the groundwork for new breakthroughs in bilateral Vietnam-RoK relations.

The Ambassador invited the delegates to share their insights and contribute to the development of Vietnam's semiconductor industry. He highlighted the Vietnamese government's strong commitment and proactive efforts in developing human resources programs, and implementing strategies to foster the growth of the semiconductor industry.

Ambassador Choi Young Sam affirmed that the RoK Embassy in Vietnam, KOTRA, and all RoK organizations will always strive to promote semiconductor cooperation between the two countries.

Vo Xuan Hoai, deputy director of the National Innovation Center under the Ministry of Planning and Investment (MPI), said there are over 40 chip design companies and nearly 15 others involved in packaging, testing, and manufacturing semiconductor-related equipment in Vietnam. Many of them are from the RoK, including Samsung, Hana Micron, and Amkor Technology.

To create an environment conducive for the Vietnamese semiconductor industry, the Vietnamese Government has demonstrated significant political commitment to advancing this high-tech sector.

In relevant resolutions from the Party, National Assembly and Government, the semiconductor industry is considered a key area for future socio-economic development. The PM also established a National Committee to oversee the development of the semiconductor industry, with he himself serving as the Chairman.

Hoai noted that the MPI has submitted a national strategy on semiconductor industry development, and a scheme on human resources development for the industry to the PM.

Vietnam currently enjoys a robust relationship with international partners, particularly South Korea and the United States,in the semiconductor industry. Vietnam has also established the National Innovation Center (NIC) and numerous operational IT parks, with the expectation that they will serve as catalysts for innovation, creativity, and the development of the semiconductor industry.

Many IT companies with a focus on this sector can collaborate and support in training human resources, and utilizing the workforce of these companies.

RoK Ambassador to Vietnam Choi Young Sam speaks at the conference. Photo: VNA

According to Vo Xuan Hoai, the Ministry of Planning and Investment will soon submit to the Government a Decree on special mechanisms for the National Innovation Center (NIC), including mechanisms for semiconductor enterprises when participating in development at the Center.

In addition to special institutions, mechanisms, and policies, Vietnam is also focusing on investing in infrastructure for the semiconductor industry. Recently, Vietnam has been focusing on developing a nationwide expressway system, strengthening the North-South power transmission system to ensure prevention of power risks during production and packaging in the semiconductor industry, and completing the port and airport logistics system, with a focus on investing in the three high-tech zones of Hoa Lac, Da Nang, and Ho Chi Minh City.

According to experts, as many countries are competing to become global semiconductor manufacturing hubs, Vietnam stands to benefit from this trend if it focuses its investments strategically in the semiconductor industry. They advised Vietnam to engage in areas such as microchip design, semiconductors for smart vehicles, mid-range technology chips, and semiconductor packaging.

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