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.

VOV.VN - Vietnam spent approximately US$206.25 million on importing 9,906 completely built units (CBU) in the first half of August, according to the latest statistics released by the General Department of Vietnam Customs.

VOV.VN - Samsung Electronics plans to manufacture semiconductor products at its Samsung Electro-Mechanics Vietnam located in Thai Nguyen province in July 2023, Samsung Electronics CEO Roh Tae-Moon told PM Pham Minh Chinh in Hanoi on August 5.

VOV.VN - Tech giant Intel will continue to further expand business and investment operations in Vietnam focusing on high technology and environmentally friendly products, CEO Patrick Gelsinger told Prime Minister Pham Minh Chinh at a reception in Hanoi on May 27.

Semiconductor chip shortage has caused a crisis for major automobile producers in the world, forcing them to suspend production and extend the time to deliver their products, but for Vietnamese ones, the impacts are quite minor as they still can ensure normal production and business activities.

The scarcity of chip supply that began in late 2020 has affected most manufacturing industries.

That the integrated circuit market in Vietnam has huge potential, but no significant action for its development has been taken recently, is experts’ scathing verdict.

The industrial zones and high-tech park authority (DHPIZA) of the central city of Da Nang has granted an investment licence to a semiconductor project worth US$110 million from the firm United States Enterprises.

VOV.VN - Prime Minister Nguyen Xuan Phuc has affirmed Vietnam creates the best possible conditions for Samsung Electronics to develop investment projects in the country, including its R&D and high-tech projects.