Dung, who also serves as deputy head of the National Steering Committee for Semiconductor Industry Development, highlighted the country's commitment to fostering the industry through refining policies, launching a human resources development programme, a semiconductor industry development strategy and ecosystem.

Vietnam is now home to 174 foreign-invested projects with a total registered capital of nearly 11.6 billion USD.

The Ministry of Planning and Investment has also engaged with tech giants like Qualcomm, Google, Meta, LAM Research, Qorvo and AlChip. Specific plans are underway to shift their supply chains to Vietnam, establish research centres, and expand manufacturing operations in the country.

Notably, a landmark cooperation agreement signed between the Vietnamese Government and US tech firm NVIDIA on December 5 marks a major milestone.

It aims to establish a research and development centre and an AI data hub in Vietnam, promising to deliver a technological leap that will create substantial ripple effects across the industry.

This rare opportunity could propel Vietnam into the heart of the global semiconductor supply chain, Dung said, stressing the need for the involvement of various ministries, businesses, research universities, and both domestic and foreign experts.

He highlighted the importance of pooling resources to achieve the goals outlined in the approved human resources development programme and strategy.

Enhancing international cooperation and actively engaging with major semiconductor and AI corporations is crucial, with a particular focus on advanced packaging projects, an area ripe for breakthroughs in Vietnam's semiconductor industry, he added.

He outlined three key pillars for success: mechanisms and policies, infrastructure, and a quality workforce. Attracting talent, especially Vietnamese professionals from around the world, is also essential to drive the industry’s growth, he noted.

Vietnam sees NVIDIA leading partner in semiconductor, AI: Party leader

The Vietnamese Party and State consider US tech giant NVIDIA as a leading strategic partner in semiconductor and AI – the two domains that have been prioritised for the country's breakthroughs in improving productivity and competitiveness, Party General Secretary To Lam said on December 6.

Vietnam's readiness to receive semiconductor investment

Vietnam’s goal is not only to participate in the global value chain but also to build an advanced and attractive semiconductor industry ecosystem in the region and the world, which will help the country achieve self-reliance and sustainable development in this field. Currently, Vietnam has met the necessary conditions to be ready to welcome and cooperate with enterprises and investors from all over the world in the semiconductor industry.

Vietnam unveils new strategy to become global semiconductor hub

The Ministry of Science and Technology (MoST) is rolling out a comprehensive plan to implement the Semiconductor Industry Development Strategy by 2030, with a vision toward 2050, which aims to position Vietnam as a leading player in the global semiconductor sector over the next six years.

Making good use of opportunities to attract new investment flows in semiconductor

In the context of integration and the digital economy’s rapid development, the semiconductor industry has emerged as one of the strategic pillars of the 21st century. The semiconductor industry is not only the foundation for technological devices but also plays a core role in each nation’s digital economy.

Vietnam Semiconductor Industry Exhibition kicks off in Hanoi

The Vietnam Semiconductor Industry Exhibition 2024 kicked off at the Vietnam National Innovation Centre (NIC), Hoa Lac Hi-tech Park in Hanoi, on November 7 under the theme ‘Elevating Vietnam to the Global Semiconductor Supply Chain’.