These meetings took place as part of the delegation's working trip to the US and its participation in the 2025 Select USA Investment Summit.

Deputy Minister of Finance Cao Anh Tuan holds a working session with Intel Corporation.

AI and semiconductors have been identified as core sectors for development by both Viet Nam and the US in the coming decade, thus contributing to balancing trade and investment between the two countries.

Deputy Minister of Finance Cao Anh Tuan met with Sarah Kemp, Vice President for International Government Affairs at Intel on May 13 (local time).

Tuan praised the corporation’s nearly two decades of sustained investment in Viet Nam. Intel Products Viet Nam (IPV) is currently Intel’s largest global facility for semiconductor assembly and testing, accounting for over 50% of the company’s chip testing output and contributing more than 90 billion USD in export value since 2010.

Tuan also highlighted Intel’s leadership in partnering with Viet Nam’s National Innovation Centre (NIC) through the “AI for All” initiative, a groundbreaking programme aimed at promoting AI literacy and training over 10,000 high-quality personnel in AI and semiconductor technologies.

He also cited the “AI for the Public Sector” programme as a vital step in advancing Viet Nam’s e-government agenda.

He encouraged Intel to explore Viet Nam’s incentive policies for establishing research and development (R&D) centres, particularly at the Hoa Lac Hi-Tech Park, with the aim of building Intel’s Asia core technology hub in Viet Nam.

In response, Sarah Kemp commended Viet Nam’s timely response to recent US reciprocal tariff policies at both the government and business levels.

She expressed appreciation for Viet Nam’s support for high-tech investors since 2006 and noted that the Ministry of Finance has always treated Intel’s policy recommendations and concerns with respect and seriousness.

These, she said, provide a strong foundation for Intel’s long-term development in Viet Nam.

The same day, the delegation held a working session with Molly Montgomery, Director of Public Policy at Meta, who emphasised Viet Nam as as important market for Meta, particularly as global manufacturing continues to shift to Viet Nam.

US chipmaker urged to help Vietnam develop AI, semiconductor hub

Deputy Prime Minister Nguyen Chi Dung called on US chipmaker Qualcomm to join Vietnam’s efforts in developing an AI and semiconductor hub while receiving Jilei Hou, Vice President of Engineering at Qualcomm Technologies, Inc., in Hanoi on April 16.

ASEAN semiconductor market poised to surpass $52B by 2032

Malaysia’s Second Finance Minister Amir Hamzah Azizan has stated that the ASEAN semiconductor market has the potential to exceed US$52 billion by 2032 by moving up the value chain.

Vietnam National University Hanoi establishes Institute of Semiconductors and Advanced Materials

Vietnam National University, Hanoi (VNU) has announced the establishment of the Institute of Semiconductors and Advanced Materials under its High-Tech Park and Innovation Centre.

Vietnam cultivates AI and semiconductor industries to join global supply chains

Thanks to its favourable geographical position, young workforce, modern infrastructure, and investment-encouraging policies, Vietnam is becoming one of the new tech hubs in Southeast Asia, drawing attraction from top-notch enterprises in the semiconductor and artificial intelligence (AI) industries.

Vietnam, Singapore seek cooperation chances in semiconductor industry

The Vietnam Trade Office in Singapore, in collaboration with the Singapore Semiconductor Industry Association (SSIA), organised a hybrid seminar on March 24 to introduce Vietnam's potential, advantages, and development strategies for the semiconductor industry.

Bac Giang promotes semiconductor industry development

 

BAC GIANG – Defining industry as the key driver for growth, alongside investing in infrastructure for industrial zones and attracting investments, Bac Giang has focused on training a skilled workforce for the semiconductor and artificial intelligence (AI) industries to meet the needs of businesses and contribute to the development of the semiconductor sector.