Receiving SIA President and CEO John Neuffer in Hanoi, the Deputy PM welcomed SIA's selection of Vietnam as one of the destinations to survey in its fact-finding tour of Southeast Asia. He considered this as a starting point for cooperation between SIA and the Vietnamese Government, thereby promoting the possibility of Vietnam’s engagement in global semiconductor supply chains.

At the meeting

The Vietnamese Government has issued many support policies for investment in and development of hi-tech products, with the semiconductor industry given the top priority, he noted, stressing that strongly developing science, technology, innovation, and digital transformation was identified as a key driver of economic growth during the 2021 - 2030 period.

Vietnam prioritizes hi-tech and innovation projects with spillover effects in which investors pledge to facilitate Vietnamese firms’ participation in production chains, cooperate in human resources training and research and development (R&D), and help boost digital economy and socio-economic development, Deputy Prime Minister Le Minh Khai said.

He added Vietnam boasts much potential for developing the semiconductor industry thanks to high-quality human resources and a large electronics manufacturing sector with many major businesses like Intel, Samsung, Foxconn, Amkor, and LG. The National Innovation Center was also established to support innovation, R&D, and the building of an innovation ecosystem that focuses on enterprises.

For his part, Neuffer said the U.S.’s semiconductor industry is working to re-balance the global semiconductor production chain.

He stressed the importance of Vietnam to the U.S.'s production chains, expressing his hope that Vietnam will play an increasingly important role in the U.S.’s global semiconductor chain in the coming time.

As other countries are advancing fast and semiconductor businesses of the U.S. are seeking investment chances, Neuffer said he hoped to cooperate with the Vietnamese Government and help the Southeast Asian nation not miss this important opportunity.

Deputy Prime Minister Le Minh Khai asked SIA to introduce Vietnam’s investment climate to U.S. firms to encourage them to open R&D and sci-tech centers in the Southeast Asian country, and transfer technologies to help Vietnam develop businesses capable of designing and producing semiconductor products.

He also suggested SIA introduce experts and organizations to hold on-site training courses, and present scholarships to train human resources for the semiconductor industry in Vietnam.

Source: VNA