Vietnam is actively promoting the chip production industry. Photo: Ngoc Ha/TTXVN
This news site quotes an interview in which Vietnam’s Minister of Science and Technology, Huynh Thanh Dat, revealed that the national program for chip production includes funding for the industry through science and research funds in partnership between the state and private companies such as FPT. Companies from Nvidia (United States) to Samsung (South Korea) are seeking to enhance chip production in Vietnam. Vietnam is expected to receive millions of dollars under the US CHIPS and Science Law, and it is also the location of Intel’s largest assembly and testing plant in the world.
Jose Fernandez, US Deputy Assistant Secretary of State for Economic Growth, Energy, and the Environment, told Nikkei Asia that Vietnam has attracted dozens of semiconductor companies and will attract more US companies to invest in Vietnam if it has enough renewable energy to meet the green targets of these companies.
Vietnam needs to secure technology transfer agreements with leading chip-producing countries. Vietnam is expected to relax policies to attract foreign experts, who have recently been facing difficulties in obtaining work permits. To achieve this goal, universities are offering semiconductor training courses in cooperation with employers such as Samsung.
Vietnam aims to train 50,000 engineers for the semiconductor industry by 2030 based on a solid foundation of science and technology education.
In an interview during his recent visit to Vietnam, Fernandez stated that Vietnam is a top candidate for subsidies under the US CHIPS Act. This would be a “symbol” of trust. The exact amount in USD will be calculated based on the assessment report in February 2024.
