Prime Minister emphasizes the goal of designing, manufacturing, and testing necessary semiconductors by 2027 at the latest – Photo: VGP/Nhat Bac
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On the morning of August 4, 2025, Prime Minister Pham Minh Chinh, Head of the National Steering Committee for the Development of the Semiconductor Industry, chaired the Committee’s second meeting to evaluate the implementation of the conclusions of the first meeting and set tasks to promote the development of the semiconductor industry in the coming time.
The reports and opinions at the meeting assessed that the Fourth Industrial Revolution is taking place strongly, with breakthrough achievements in strategic technological fields, especially semiconductors and artificial intelligence. The global semiconductor industry is growing strongly and undergoing profound restructuring, including both technology and supply chains. However, the industry is also facing the risk of supply chain disruptions due to geo-strategic competition among major powers.
Meanwhile, Vietnam is entering a strategic stage of economic restructuring, shifting from a growth model relying mainly on cheap labor, assembly, and exploitation of natural resources to a new growth model driven by science, technology, innovation, and digital transformation.
Vietnam cannot afford to be left behind, and the whole country must act as a united force
Concluding the meeting, Prime Minister Pham Minh Chinh highly appreciated the reports, opinions, and suggestions presented. He assigned the Government Office to coordinate with the Ministry of Science and Technology and the Ministry of Finance to promptly refine and issue a conclusion announcement, ensuring clear tasks, timelines, responsibilities, and products.
Emphasizing the importance of the semiconductor industry, the Prime Minister affirmed that semiconductors are a critical link in the Fourth Industrial Revolution, especially in the development of artificial intelligence. This is a rapidly growing field, and the race to master this technology is intense. Vietnam cannot afford to be left behind if it wants to build an independent and autonomous economy, combined with proactive and substantive international integration.
The Prime Minister outlined eight notable points regarding the development of the semiconductor industry: heightened awareness, renewed thinking, more decisive actions, improved institutions, positive results in infrastructure and human resource development, expanded cooperation, active participation of institutes, schools, and localities, and the attraction of key partners and businesses.
On behalf of the Government and the Steering Committee, the Prime Minister acknowledged and highly appreciated the efforts of ministries, sectors, localities, training institutions, and enterprises in developing Vietnam’s semiconductor industry. These efforts have contributed to creating new growth momentum for the economy and promoting science, technology, innovation, and national digital transformation.
Along with the achievements, the Prime Minister also pointed out existing limitations and shortcomings that need to be addressed collectively: difficulties in resource mobilization, especially capital; institutional obstacles; slow progress in certain tasks; lack of breakthrough initiatives; loose cooperation between the government, businesses, and academia; and limited technology transfer.
Regarding future development orientations, the Prime Minister emphasized the goal of designing, manufacturing, and testing necessary semiconductors by 2027 at the latest.
He outlined nine key tasks and solutions, which also serve as important guiding views: We must start from a low level and gradually advance, but we need to accelerate, break through, and catch up with global advancements. Second, all ministries, sectors, localities, agencies, and enterprises must closely follow and implement resolutions, strategies, decisions, and directives of the Party, National Assembly, Government, and Prime Minister regarding the development of the semiconductor industry and human resource training.
“To develop the semiconductor industry, the whole country must act as a united force, marching towards the goal with great speed and boldness, winning decisive and quick victories, and ensuring long-term sustainability,” the Prime Minister emphasized.
Fourth, it is necessary to develop a comprehensive, synchronized, substantive, and effective semiconductor ecosystem.
Fifth, improve mechanisms and policies, especially preferential ones, and address bottlenecks in infrastructure, institutions, and human resources. The spirit should be open institutions, smooth infrastructure, and smart people and organizations.
Sixth, shift the focus of preferential policies from investment attraction to technology transfer.
Seventh, closely coordinate between the government, businesses, and academic institutions, and balance development, research, and production.
Eighth, promote equality between the public and private sectors and establish public-private partnership mechanisms, as well as expand international cooperation.
Ninth, develop a competitive, healthy, and equitable semiconductor chip market in line with market rules.
Prime Minister emphasizes that “the whole country must be a united force” with a spirit of acceleration, breakthrough, and advancement to develop industries, including the goal of designing, manufacturing, and testing necessary semiconductors by 2027 at the latest – Photo: VGP/Nhat Bac
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Supplementing the legal framework on strategic minerals
Regarding specific tasks, the Prime Minister clarified that the Steering Committee should closely monitor, supervise, inspect, and urge the implementation of tasks. It is also necessary to reorganize the Committee to improve its effectiveness and efficiency.
The Ministry of Finance should review and urge ministries, sectors, and agencies to promptly implement tasks and solutions outlined in the Program for Human Resource Development in Vietnam’s Semiconductor Industry towards 2030, with a vision to 2050.
Continue to focus on attracting foreign investment in the semiconductor field, prioritizing projects with advanced technology, new and high technology, clean technology, modern governance, high added value, spillover effects, and global supply chain connectivity.
In 2025, submit to the Prime Minister for issuance of a Decision on credit policies for students in science, technology, engineering, and mathematics fields.
The Ministry of Science and Technology should review and urge ministries, sectors, and agencies to promptly implement tasks and solutions to ensure adherence to the goals of the Strategy for the Development of Vietnam’s Semiconductor Industry towards 2030, with a vision to 2050.
The Ministry of Foreign Affairs should strengthen bilateral and multilateral cooperation in the semiconductor field, mobilize international resources to support the development and training of human resources for the semiconductor industry, actively promote and spread the image of Vietnam as a destination for the semiconductor industry, and direct Vietnamese representative agencies abroad to promote international cooperation in the semiconductor industry, updating the list of experts and talents of overseas Vietnamese related to the semiconductor field.
The Ministry of Education and Training should closely follow the tasks related to training organization in the Program for Human Resource Development in Vietnam’s Semiconductor Industry towards 2030, with a vision to 2050. It should also promote the model of linkage between the government, schools, and enterprises in training human resources for the semiconductor industry, ensuring effectiveness and quality.
The Ministry of Industry and Trade should promptly propose amendments to regulations on direct power purchase agreements to create more favorable, open, and competitive conditions, ensure stable and clean power supply, coordinate with the Ministry of Foreign Affairs to promote the early removal of Vietnam from the US strategic export control list, and soon submit to the Prime Minister for consideration and issuance of the Strategy for the Development of Vietnam’s Logistics Services in the period of 2025-2035, with a vision to 2050.
The Ministry of Construction should propose solutions to ensure transportation infrastructure, facilitate the transportation, delivery, and logistics services of enterprises producing in the semiconductor field, and research and promulgate a plan to promote the application of semiconductor chips to serve transportation infrastructure, smart transportation, and smart cities.
The Ministry of Agriculture and Environment should research and propose supplements to the legal framework on strategic minerals to serve the development of the semiconductor industry, focus on promoting the investigation and evaluation of strategic minerals to ensure domestic raw material sources, reduce dependence on foreign sources, and promote the localization of the semiconductor industry’s supply chain, strengthen scientific research and international cooperation to receive advanced processing technology for this type of raw material, and research and propose a special licensing mechanism for the exploitation and deep processing of mines for the semiconductor industry.
The Ministry of Justice should continue to coordinate with relevant agencies to review, improve, and perfect the institutions, mechanisms, and policies for the rapid and sustainable development of the semiconductor industry.
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The Government has issued Decree No. 182/2024/ND-CP dated December 31, 2024, on the establishment, management, and use of the Investment Support Fund, which includes preferential policies for high-tech industries, including the semiconductor industry. Human resources are being developed to ensure that by 2030, there will be at least 50,000 engineers in the semiconductor field. Regarding human resources currently working in the industry, there are about 7,000 engineers working in semiconductor design companies, about 6,000 engineers and 10,000 technicians working in semiconductor packaging, testing, and material and equipment manufacturing companies, and the Innovation Network for the Semiconductor Industry has gathered more than 100 Vietnamese experts worldwide. In terms of training and human resource development, a Standard Curriculum for Semiconductor Training has been issued, with 166 universities offering semiconductor-related majors, over 6,300 undergraduate students majoring in semiconductors, and more than 12,000 undergraduate students in related fields. Nearly 20 educational institutions have adopted the model of linkage between the government, schools, and enterprises in semiconductor training. Regarding infrastructure development, CT Group Corporation has started the expansion of a chip factory owned and operated by Vietnamese, aiming to produce 100 million chips per year by 2027. R&D ecosystems and international-standard cleanrooms are being built and expanded in major cities, such as SHTP Labs in Ho Chi Minh City’s High-Tech Park (with an investment of VND 300 billion) and a laboratory at Hanoi National University (USD 5 million). In terms of FDI attraction and domestic enterprise development, Vietnam currently has about 170 FDI projects in the semiconductor and high-tech fields, with a total registered capital of nearly USD 11.6 billion, including large-scale projects such as Intel (USD 4.1 billion), Amkor (USD 1.6 billion), and Hana Micron (USD 673 million). In the field of chip design, there are nearly 50 foreign corporations (from the US, Japan, South Korea, etc.) and more than 10 domestic enterprises (Viettel, FPT, CMC, etc.). In the field of packaging and testing, there are 14 foreign enterprises and one domestic enterprise. In the field of supporting industries for semiconductors, there are 15 foreign-invested enterprises. Regarding international cooperation, Vietnam has been chosen as one of about 10 countries and economies to cooperate with the Global Semiconductor Association to organize the world’s largest semiconductor event (SEMICON). Domestic training institutions have proactively expanded cooperation with foreign educational institutions to promote research, training, and exchange of experiences and knowledge. |
Nhat Quang
– 13:30 04/08/2025
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