The Vietnam Semiconductor Innovation Centre (VSIC) and the FPT-ALCHIP semiconductor startup incubation space debuted at a ceremony in Hanoi on March 28.

Foreign newspapers have highlighted Vietnam’s impressive success after the World Bank (WB) forecast that its economy will lead Asia with a growth rate of 7.2% this year, up from the previous forecast of 5.3% in April.

Vietnam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry.