While the world is witnessing big changes in the semiconductor industry, Vietnam is making every effort to improve its position in the global chip supply chain.

Vietnam’s semiconductor industry is gaining momentum, drawing interest from global firms looking to diversify their supply chains and access a skilled workforce.

VN has shown it is ready to welcome and collaborate with semiconductor companies and investors from around the globe, Minister of Planning and Investment Nguyen Chí Dung stated at the opening of SEMIExpo Vietnam 2024 on Thursday.

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.

The 2024 International Exhibition for Integrated Circuit and Semiconductor Industry (SEMICON VIETNAM), the first of its kind in the country, was opened in Ho Chi Minh City on October 31.

With a focus on startups, testing, and R&D, Vietnam targets regional leadership in semiconductor design and packaging.

The Vietnam Semiconductor Industry Exhibition 2024 (SEMIExpo Vietnam 2024), will take place at the National Innovation Centre in Hanoi from November 7-8 under the theme of "Elevating Vietnam in the Global Semiconductor Supply Chain".

Tech firms complain that though they are willing to pay high salaries, they find it difficult to recruit semiconductor engineers. Experts say to have a workforce with international standards, Vietnam needs international cooperation in training.

Green, clean development and semiconductor chip production are among the sectors in Vietnam that foreign investors are interested in, according to VinaCapital CEO and Founding Partner Don Lam.

Prime Minister Pham Minh Chinh has approved Vietnam's Semiconductor Development Strategy, aiming to capitalize on geopolitical and human resources advantages and establish Vietnam as a key player in the global supply chain by 2050.

The National Innovation Center (NIC) on September 11, together with the US Department of State, US Embassy in Vietnam, and Arizona State University, announced the establishment of the International Technology Security and Innovation (ITSI) Fund.

Semiconductor requires a unique strategy, a grand vision, unwavering determination, resilience, and acceptance of risk

Deputy Permanent Representative of Vietnam to WTO Minister-Counsellor Le Dinh Ba held a working session on September 9 with a delegation from the Semiconductor Industry Association (SIA).

To accelerate its growth in the semiconductor industry, Ho Chi Minh City has announced a $5 million initiative to train 40,000 engineers by 2030, with plans to boost research, innovation, and technological capacity.

Da Nang is focusing on three strategic breakthroughs - policy, human resources, and infrastructure - to develop its semiconductor industry.

Vietnam has embarked on a strategic initiative to strengthen its semiconductor industry by launching a comprehensive training program for university instructors in chip design.

Experts believe that VN has a great opportunity to grow its semiconductor industry with the involvement of multiple leading global technology companies, but it will need ten times the number of engineers.

The National Innovation Center (NIC) has engaged in a meeting in Hanoi with visiting delegations from Japan’s Hiroshima University and the US’s University of Idaho to discuss semiconductor training programmes and scholarships for Vietnamese students.

The capital city of Hanoi is positioning itself as a prime destination for semiconductor investment, with a conference kicking off on July 29 as part of the Hanoi Semiconductor Investment Festival.