Leading global technology corporations are making strategic moves to shift supply chains, and establish research centres, presenting a tremendous opportunity for the country to strengthen its semiconductor industry by adopting the strategy of "standing on the shoulders of giants."

The Government has issued a decree allowing support of up to 50% of initial investment costs for businesses engaging in semiconductor and AI research and development (R&D) projects.

Nguyen Chi Dung, deputy head of the National Steering Committee for Semiconductor Industry Development, emphasised that the committee will continue to settle difficulties and bottlenecks to turn the semiconductor industry into a major driver of Vietnam’s growth in the new era.

VOV.VN - Vietnam currently hosts 174 foreign direct investment (FDI) projects in the semiconductor industry, with a total registered capital of US$11.6 billion, according to the Ministry of Planning and Investment (MPI).

VOV.VN - The semiconductor industry has grown tremendously and is one of the key sectors propelling the information revolution and Industry 4.0 forward.

Funabashi Gaku, a senior advisor at the Japan International Cooperation Agency (JICA), has made an encouraging assessment about Vietnam’s industrial development prospect and insights into the country’s economic transformation.

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on December 10 for a delegation of the US Semiconductor Industry Association (SIA) led by its Chairman John Neuffer.

VOV.VN - The Government Office has released a Prime Minister Directive on enhancing human resource training to support the development of the semiconductor industry, a key area in Vietnam’s high-tech development strategy.

Despite a slowdown in 2024, Vietnam’s mergers and acquisitions (M&A) market is expected to regain momentum, driven by the country’s strong economic fundamentals and supportive government policies.

VOV.VN - Vietnam is likely to become a key market attracting major players in the semiconductor industry, especially following Donald Trump’s landslide victory in the recent US presidential election.