return icon Vietnamnet.vn

Vietnam to become the worlds chip production center

In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.

Vietnam to become the worlds chip production center - Ảnh 1.

Numerous international experts believe that Viet Nam can become the world's chip manufacturing center, especially since many significant technology corporations have announced plans to boost the production of semiconductor components in the country.

Currently, Viet Nam ranks 9th globally in exporting electronic goods. It is home to Intel's largest assembly and test factory, with an investment of US$1.5 billion. This factory accounts for about 70 percent of Intel's total global output.

"The three main factors for us to manufacture in Vietnam are the highly stable socio-political environment, the Government's constant expansion of free trade agreements and an abundant labor force", said Kim Huat Ooi, Vice President of Intel Products Viet Nam Co., Ltd.

Besides Intel, many other well-known electronic corporations, such as Samsung, LG, and Apple, have factories and research and development (R&D) centers in Viet Nam. Samsung recently announced plans to produce semiconductors from July next year with an additional investment of $920 million.

In the current global context, when the U.S. has just enacted the CHIP Act worth US52 billion to support the chip manufacturing industry of this country, countries in the supply chain, like Viet Nam, can seize the opportunity to participate and develop.

According to experts, Viet Nam needs to negotiate with countries such as the U.S., Japan and the Republic of Korea to reach agreements on cooperation in supporting technology transfer.

From there, Viet Nam can move towards complete autonomy of essential stages in the semiconductor manufacturing process, opening a new page for Viet Nam's supporting technology.

Source: VGP

MORE NEWS

VIETNAM BUSINESS NEWS NOVEMBER 26

Big supermarkets join Promotion Month 2022

Missosology picks locals contestant among Top 3 at Mister Grand International

Missosology, the world’s leading publication on beauty pageants, has named Vietnamese representative Vu Linh among its hot picks of the Top 3 currently participating in the Mister Grand International 2022 pageant.

HIV infections rise among people under 29

The number of young people catching HIV has seen an upward trend recently, with 50% of new cases being under the age of 29.

Three female scientists receive L’Oreal-UNESCO awards

Three female scientists were granted the 2022 L'Oreal-UNESCO awards at a ceremony in Hanoi on November 25.

Vietnam has two more named in Asia-Pacific documentary heritage list

Two heritage pieces of Vietnam were recognised as part of documentary heritage in Asia and the Pacific on November 26, at the 9th general meeting of the Memory of the World Committee for Asia and the Pacific.

VIETNAM NEWS HEADLINES NOVEMBER 26

NA Chairman Hue to visit Australia, New Zealand

Big firms absent from 'good governance' list

The list of companies recognized as having the best transparency and governance on the Hanoi Stock Exchange (HNX) doesn’t include many well-known names.

People must live in rooms of at least 8sq.m to register for permanent residence

The Hanoi People’s Council plans to require at least 8 sq m of living space in state-owned properties and 20 sq m in non-state owned properties for registered permanent residence.

80% of wind power projects operate at moderate level as tariff is unclear

Many wind power projects in Quang Tri are behind schedule because of unfavorable weather conditions, the impact of the Covid-19 pandemic, slow site clearance and an unclear tariff scheme.

Headmaster honored by Microsoft for last three years

Nguyen Thi Kim Dung, headmaster of Dong La Secondary School in Hoai Duc district in Hanoi has been honored as Microsoft Innovative Educator Expert - MIEE for three consecutive years.

High fertiliser prices and rising export demand help businesses earn more profits

A promising export market contributed positively to the sharp increase in profits of many fertiliser and chemical enterprises.

Short-lived legal documents cause a hindrance to firms

Many legal documents in Vietnam have been made in such a way that creates a great compliance burden on firms, according to insiders.

Energy demand to outpace supply in short term

Electricity demand has been growing steadily since 2021 and is expected to surpass domestic output in the short term.

Vietnam’s further evolving regulations and policies on energy

The last several months have been dynamic for the energy sector in Vietnam, with a number of key developments.

Digital platforms brought into life

Digital transformation is an inevitable trend today in the world and Vietnam with three main pillars: digital government, digital economy, and digital society.
back_to_top