The hybrid event attracted numerous investors and leading enterprises in the field, including Semiconductor Manufacturing International Corporation, Qualcomm, and Marvell.

In his opening remarks, Vietnamese Ambassador to Singapore Tran Phuoc Anh emphasized that the Vietnamese Government considers the semiconductor sector a key industry. In 2024, the Prime Minister issued the Strategy for the Development of Vietnam’s Semiconductor Industry until 2030, with a vision toward 2050.

The strategy aims for Vietnam to become a global hub for semiconductor human resources in the 2024-2030 period while establishing capabilities in research, design, manufacturing, packaging, and testing. The industry is expected to generate over US$25 billion in annual revenue, with a value-added contribution of 10-15%.

Ambassador Tran Phuoc Anh noted that Singapore has extensive experience and advanced expertise in the electronics and semiconductor industries, creating favorable conditions for bilateral cooperation. He expressed hope that the seminar would help businesses from both countries better understand each other and develop effective collaboration programs.

SSIA Executive Director Ang Wee Seng stated that Singapore currently accounts for nearly 12% of the global semiconductor market and contributes approximately 8% of the country’s GDP.

He described Vietnam as a promising emerging market in the semiconductor industry, with its market size projected to grow from over US$18 billion in 2024 to more than US$31 billion by 2029.

Vietnam is rapidly becoming a key destination for semiconductor innovation and manufacturing investments, driven by strong government commitments, an improving business environment, and its strategic positioning in the regional supply chain.

According to SSIA, semiconductors have become a crucial pillar in the industrial development strategies of many countries, with applications spanning biotechnology, artificial intelligence, automation, aerospace, and green construction. Consequently, developing a skilled workforce and enhancing research and development (R&D) cooperation are essential to sustaining industry growth.

Regarding the development orientation for Vietnam’s semiconductor industry, Vietnamese Trade Counselor in Singapore Cao Xuan Thang and business representatives at the seminar highlighted key focus areas, including training high-quality technical personnel, advancing research on next-generation electronics integrating specialized and AI chips, building a robust supply chain, augmenting international cooperation to acquire advanced technology, investing in technological infrastructure, and gradually establishing domestic brands and markets.

Cao Xuan Thang also revealed that the Vietnam Trade Office plans to organize a delegation of semiconductor investors and partners from Singapore to visit Vietnam in the near future to explore investment opportunities.

Vietnam welcomes giant Korean firms to invest in semiconductor industry

VOV.VN - The “Vietnam Investment Forum” and a series of networking activities took place as part of the SEMICON Korea 2025 in Hanoi on February 20 to step up cooperation and investment into the Vietnamese semiconductor and high-tech industries.