Vietnam attracts nearly US$12 billion into semiconductor industry
Society – Economy - Ngày đăng : 17:24, 16/12/2024
The shift of major corporations relocating their production chains to Vietnam is expected to create tens of thousands of jobs in the coming years, said MPI Minister Nguyen Chi Dung at the first meeting of the National Steering Committee on the Semiconductor Industry in Hanoi on December 14.
The Government of Vietnam and NVIDIA, a leading American tech giant, signed a cooperation document more than a week ago to establish Vietnam Research and Development Center (VRDC) for Artificial Intelligence (AI) and an AI Data Center in Vietnam.
This agreement is seen as a significant boost for Vietnam, offering the potential to make major strides in technology in the near future. It is expected to have a broad impact, attracting attention from global investors, particularly in high-tech sectors such as AI and semiconductors. As a result, Vietnam is likely to become a more prominent hub for semiconductor and AI development.
Another prominent example is Samsung, which plans to invest approximately US$4.1 billion in two semiconductor testing and packaging factories in Vietnam.
This trend, Dung said, is driven by Vietnam’s favorable investment climate, skilled labour force, and advantageous geographical location, alongside intensive investments in infrastructure upgrade and high political commitment from the leadership.
In addition, as Vietnam continues to strengthen its relationships with key partners like the United States, the Republic of Korea, and Japan, its role as a regional manufacturing hub is likely to expand, further boosting job creation.
Recently, the MPI has engaged with several leading technology corporations such as Qualcomm, Google, Meta, LAM Research, Qorvo, and AlChip to outline plans to relocate their supply chains to Vietnam, establish research centers, and expand investment, production, and business operations within the country.
This move is expected to further solidify Vietnam’s position as an emerging hub for technology and innovation, particularly in the semiconductor and AI industries, and reflect the country’s efforts to attract and retain high-tech investments while advancing its technological landscape.