VIETNAM NEWS – Vietnamese Deputy Prime Minister (PM) Lê Minh Khái on Thursday called on the Semiconductor Industry Association (SIA) of the United States (US) to encourage its member enterprises to increase investment in Vietnam.
Receiving SIA President and Chief Executive Officer John Neuffer in Hànoi, the Deputy PM welcomed SIA’s selection of Vietnam as one of the destinations to survey in its fact-finding tour of Southeast Asia.
He considered this a starting point for cooperation between SIA and the Vietnamese Government, thereby promoting the possibility of Vietnam’s engagement in global semiconductor supply chains.
The Vietnamese government has issued many support policies for investment in and development of hi-tech products, with the semiconductor industry given the top priority, he noted, stressing that strongly developing science, technology, innovation, and digital transformation was identified as a key driver of economic growth during the 2021-2030.
Vietnam prioritises hi-tech and innovation projects with spill over effects in which investors pledge to facilitate Vietnamese firms’ participation in production chains, cooperate in human resources training and research and development (R&D), and help boost digital economy and socio-economic development, Khái said. He added Vietnam boasts potential for developing the semiconductor industry thanks to high-quality human resources and a large electronics manufacturing sector with many major businesses like Intel, Samsung, Foxconn, Amkor, and LG.
The National Innovation Centre was also established to support innovation, R&D, and the building of an innovation ecosystem that focusses on enterprises.