Prime Minister (PM) Pham Minh Chinh earlier this week signed Decision No 791/QD-TTg on the establishment of the national steering committee to promote the development of semiconductor industry.

Vietnam has been advised to consider Taiwan's (China) policy on attracting talent to the semiconductor industry. Microchip manufacturers there give workers 20 percent of the total profits in shares.

Vietnam's lack of chip designers is hindering the national strategy on developing the semiconductor industry. Short-term training provided to existing IT engineers is expected to be a solution.

The much-awaited dream of producing Made-in-Vietnam chips that has been neglected for several years, is now being awoken as the world is hunting for chips

Việt Nam has joined the race to develop global semiconductor technology, had the first scientist to win the VinFuture award, and seen an explosion of AI with the Vietnamese desire to localise ChatGPT.

Intel has poured $1.5 billion into a chip manufacturing factory in Vietnam, while Synopsys and Marvell are cooperating to offer training in semiconductor chip design in Vietnam.

The global chip race is heating up, and Viet Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said.

High-tech investment is making a splash in Vietnam’s economic landscape, and so the country is emerging as the destination for semiconductor manufacturers, where local players are seemingly leading the way.

While the shortfall of semiconductor chips is affecting the performance of Vietnamese telecoms giants, higher targets have been set with prospects driven by growing digital transformation demands on a local level.

Samsung Electronics’ plan to manufacture semiconductor products in Vietnam has sparked the hope that the Southeast Asian nation will be a new stop for the semiconductor industry.

VietNamNet Bridge – HCM City authorities once vowed to make the semiconductor industry a key part of the economy, but no significant action has been taken recently.