Creating Opportunities for Tech Investors
In recent years, Ho Chi Minh City has been making efforts to attract high-tech companies to invest and boost the semiconductor industry, aiming to establish itself as a crucial link in the semiconductor supply chain. This strategy is a sustainable development approach in the context of the global economic transformation.
Ho Chi Minh City is committed to fostering industries that align with modern trends, including the semiconductor industry. Recently, the city decided to invest in building a concentrated information technology park, focusing on innovation with a total area of approximately 220 hectares in Binh Duong ward.
The concentrated information technology park will function as a hub for industrial development, encompassing research and development, high-quality human resource training, software production, digital content, and IT service provision. Enterprises investing in this tech park will be entitled to existing preferential policies, including corporate income tax incentives, land rent exemptions, infrastructure development support, and access to research and innovation programs.
Additionally, Ho Chi Minh City is accelerating digital transformation in industrial parks, developing six smart industrial parks. These parks implement smart management platforms, integrating automation, artificial intelligence (AI), the Internet of Things (IoT), and 5G. There is a particular focus on developing information technology and semiconductors, attracting investment in electronics, microchips, AI, and cybersecurity.
“We are actively working with international partners and experts in the semiconductor industry to establish a science and technology park and a science and technology industrial park for Ho Chi Minh City,” said Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex IDC, a company under the Ho Chi Minh City People’s Committee.
High-Quality Human Resources: A Prerequisite
According to Dr. Tran Nhan, co-founder and technical director of Nanochap Electronics (Australia), building a comprehensive semiconductor industry requires several critical factors. Ho Chi Minh City has advantages in policies and infrastructure, but the prerequisite is high-quality and sustainable human resources. “In the initial stages, we can attract high-quality resources from other places with attractive remuneration packages, but in the long run, we need to focus on training to ensure continuity and sustainability,” shared Dr. Tran Nhan. “Technology enterprises particularly value high-quality human resources as a prerequisite for developing chip factories.”
As a foreign investor with a deep understanding of technology, Mr. Colley Hwang, CEO of Digitimes (Taiwan, China), shared that his home country’s experience has taught him that developing the semiconductor industry requires a long-term and persistent approach. Taiwan has successfully developed its semiconductor industry, aligning with the global industry’s development trends.
“Ho Chi Minh City has made the right move by choosing the semiconductor industry as a direction for industrial modernization, as evidenced by the establishment of the concentrated information technology park and the high-tech park,” acknowledged Mr. Colley Hwang. “These projects demonstrate the city’s vision to become a regional innovation hub.”
To meet the demands of modern development, several domestic enterprises have proactively established strategic partnerships. Mr. Nguyen Trong Luat, General Director of Cicor Vietnam, shared his recent trip to Europe, where he forged revolutionary partnerships in microelectronics and nanotechnology. “We are thrilled to be a part of this journey, contributing to building a new era in microelectronics and bringing benefits to the industry and the community,” expressed Mr. Luat.
Huong Chi
– 11:53 09/04/2025
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