This was the first Vietnam-focused semiconductor investment forum held in the Republic of Korea that reflects the deepening Vietnam-RoK Comprehensive Strategic Partnership established in 2022. As Vietnam emerges as an attractive destination for semiconductor investment, particularly in chip design, workforce development, and post-manufacturing processes, the event provided a platform to popularize the country’s potential.

Addressing the event, Vietnamese Ambassador to the Republic of Korea (RoK) Vu Ho emphasised that both countries share a number of strategic benefits in terms of geopolitics and geo-economics based on their established Comprehensive Strategic Partnership.

He highlighted Vietnam’s prioritization of the semiconductor and artificial intelligence industries as key drivers for national development and underscored the significant opportunities for cooperation, especially in chip design, talent development, and semiconductor manufacturing.

Meanwhile, Vo Xuan Hoai, deputy director of the National Innovation Centre (NIC), outlined Vietnam’s proactive efforts to build a semiconductor ecosystem and create a favourable legal corridor to welcome global businesses keen to collaborate in the semiconductor and AI industries.

He reassured Korean investors of the country’s commitment to creating a favourable legal framework and investment environment for global semiconductor and AI firms.

With the participation of leading enterprises and Korean research organisations, the event marks an important step in helping Vietnam to get more involved into the global semiconductor supply chain, he added.

He went on to say that with advantages in terms of potential markets, a high-quality workforce, and attractive support policies, Vietnam is fast becoming an ideal destination for large technology corporations to expand production and investment.

Hoai revealed that NIC would continue to co-ordinate with potential partners to deploy a series of investment promotion programmes, connect businesses, and introduce the country’s full potential to international partners.

For his part, Lee Dong-Chul, general director of Hana Micron Group, stressed that Vietnam possesses a dynamic investment environment which boasts strong support from the Government.

He also pointed out that the country’s developed infrastructure and high-quality human resources at reasonable costs have turned it into an attractive destination for high-tech giants.

Vietnam’s attractiveness as a semiconductor hub is driven by its strategic market potential, skilled workforce, and favourable investment policies. The country is rapidly becoming a preferred destination for global technology giants seeking to expand their operations.

Looking ahead, NIC plans to intensify investment promotion activities throughout 2025, with a primary focus on fostering business connections and showcasing Vietnam’s potential to international partners. As the global semiconductor and high-tech industries undergo supply chain transformations, this is a golden opportunity for major technology corporations to establish Vietnam as a strategic base.

In 2024, Vietnam made significant strides in integrating into the global semiconductor supply chain. The Government issued a decree on the establishment, management and use of the Investment Support Fund. This policy underscores Vietnam’s strong commitment to advancing high-tech enterprises, particularly in semiconductors and AI. By enhancing competitiveness and facilitating deeper international integration, this initiative paves the way for Vietnam to become a leading player in the global semiconductor industry.

Charmvit Group urged to serve as bridge to attract Korean investors to Vietnam

Deputy Prime Minister Ho Duc Phoc on January 10 asked the Republic of Korea (RoK)’s Charmvit Group to continue serving as a bridge to bring more Korean investors to Vietnam in the coming time.