Many significant financiers from developed countries are ready to invest in the country's semiconductor chip manufacturing, according to the Ministry of Science and Technology.

Minister of Planning and Investment Nguyen Chi Dung highlighted Vietnam's preparedness for the upcoming semiconductor industry investment wave.

Vietnam is estimated to face a shortage of 20,000 qualified personnel in the semiconductor industry in the next five years as foreign-invested enterprises pour money into the country's sector.

Many Vietnamese universities have unveiled plans to enroll and train students in the integrated circuit (IC) and semiconductor design industry in the year ahead.

Prof Tech-Seng Low says Vietnam has been moving rapidly ahead in attracting semiconductor manufacturers.

Chair of the US Semiconductor Industry Association (SIA) John Neuffer has said that many businesses are doubling their investments in Vietnam.

Prime Minister Pham Minh Chinh on December 23 visited Hana Micron Vina Ltd., a company invested by the Republic of Korea (RoK) and the first semiconductor chip manufacturer in the northern region.

Jensen Huang, CEO of US chip giant Nvidia, loves eating Vietnamese dishes, according to Hoang Anh Tuan, the Vietnamese General Consul in San Francisco.

Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national one in the next 30-50 years.

Vietnam boasts huge potential to develop semiconductor and AI industries, and pledges to create favourable conditions for NVIDIA corporation, a leading chip producer in the US, Minister of Planning and Investment Nguyen Chi Dung said on December 11.

Minister of Information and Communications Nguyen Manh Hung late last week had a meeting with a delegation from the US Semiconductor Industry Association (SIA) led by John Neuffer, SIA’s President and CEO, who was on a business trip in Vietnam.

A report from Fulbright University shows that Vietnam needs 20,000 engineers in the semiconductor industry in the next five years and 50,000 in the next 10 years.

In the near future, Vietnam will become a reliable partner and an important link in the global semiconductor manufacturing and supply chains, according to Minister of Planning and Investment Nguyen Chi Dung.

The global semiconductor chip market is expected to record a CAGR of 7.1 per cent from 2023 to 2032.

FPT Semiconductor CEO Nguyen Vinh Quang says that Vietnam is capable of making chips with a performance equal to 90 percent and a production cost of 50-60 percent of foreign-made products.

Thorough preparations, especially in human resources training, are needed for Vietnam to anticipate opportunities of the semiconductor industry expected to continue growing rapidly in the coming time.

The Vietnam Semiconductor Innovation Network made its debut on October 29 within the framework of the Vietnam Semiconductor Summit.

Labor experts believe that new graduates majoring in microchip design can earn VND220 million a year after tax, while veteran engineers can earn up to VND1.5 billion.

Vietnam is expected to attract foreign experts and technologies, especially overseas Vietnamese scientists working in the semiconductor industry.

Da Nang University on Thursday hosted a workshop, with the primary objective of nurturing the growth of top-tier human resources tailored for the semiconductor chip industry in Vietnamese higher education institutions.