ANN/VIETNAM NEWS – Vietnam’s Ministry of Industry and Trade (MoIT) is actively pushing forward the development of the country’s semiconductor industry.
To expedite the growth, MoIT has begun implementing Decision No 152/QĐ-BCT, approved by the Politburo, which outlines clear guidelines and responsibilities for all stakeholders. The strategic initiative, with ambitious targets set for 2030 and a long-term vision extending to 2050, aims to significantly boost the semiconductor sector in Vietnam.
The strategy focuses on advancing the sector by consistently and effectively implementing key tasks and solutions. Its goal is to encourage participation from organisations and individuals while implementing mechanisms for monitoring, reviewing and evaluating progress.
Minister of Industry and Trade Nguyen Hong Dien called for all relevant ministries and governmental organisations to identify priorities, establish clear timelines and adopt a practical, results-driven approach. The emphasis is on ensuring coordinated and decisive implementation to meet the plan’s objectives.
Under the decision, the Department of Industrial Development under the MoIT has been appointed as the lead agency responsible for overseeing the plan.
It has been tasked with monitoring progress, compiling reports and recommending adjustments as needed to maintain alignment with strategic goals. Meanwhile, the ministry is to work closely with the Ministry of Finance to secure financial resources.
Units assigned specific responsibilities were told to prepare detailed plans, including content and cost estimates, which will be submitted to the Planning and Finance Department for review and budget allocation. Units are also encouraged to look for additional resources to support implementation.
Progress reports are made mandatory for all units and will be reviewed by the department to ensure consistent oversight and add necessary updates to the plan.
Economists and policymakers said the decision reflected Vietnam’s commitment to positioning itself as a key player in the global semiconductor industry by 2030 with a clear and focused approach to realise its potential, as well as its advantages, paving the way for long-term growth and technological advancement.
In recent years, Vietnam has attracted substantial foreign investments in its semiconductor sector. Notably, South Korea’s Hana Micron has invested approximately USD930 million, and United States (US)-based Amkor Technology has announced a USD1.6-billion plan for a major facility in the country.
