PM Chinh stated that Vietnam is shifting towards fast and enduring development through green, circular, knowledge-based, and digital economies supported by advancements in science and technology, innovation, and digital transformation, including semiconductors. A total of 32 executives from SEMI and its member companies, which collectively represent 3,700 companies in the semiconductor supply chain worldwide, attended the meeting.
Vietnam aims to achieve a GDP growth of at least eight percent in 2025, followed by double-digit expansion in subsequent years. This will necessitate collaborations with global partners in finance, talent development, technology transfer, and management expertise, particularly in the field of chips.
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He stated that Party General Secretary To Lam has consistently emphasized Viet Nam's goal of achieving fast and sustainable development based on science, technology, innovation, and digital transformation.
The aim is to reach technological independence and competitiveness in critical sectors like semiconductors. Vietnam has already implemented a national strategy for the growth of the semiconductor industry until 2030, with a vision for 2050. Additionally, a plan for workforce development in the semiconductor field and a roster of 11 key technologies and products have been established.
The goal is to inaugurate the country's inaugural chip manufacturing plant by the upcoming year. He encouraged both SEMI and global companies to have confidence in Vietnam's investment environment and increase their investments. He suggested implementing policies for mutual benefits, building a complete semiconductor ecosystem, establishing an R&D center, and providing support to transition from testing and packaging to design, fabrication, and production.
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He also emphasized the importance of training high-quality engineers and integrating local businesses into the global semiconductor value chains. He stated that Vietnam plans to enhance its regulatory framework, upgrade modern and integrated infrastructure, improve management skills and workforce quality, and simplify administrative processes, such as creating a national one-stop investment service portal.
He also mentioned that Vietnam is striving for a domestic semiconductor ecosystem that promotes effective and sustainable investment.
The Dutch Ambassador to Vietnam, Kees Van Baar, who is the chairman of the semiconductor association in Southeast Asia, along with representatives from international semiconductor companies, expressed their admiration for Vietnam's recent progress in socio-economic development, particularly its focus on science, technology, and the semiconductor industry in line with global trends and SEMI's goals.
They also expressed their trust in Vietnam's policies for the development of the semiconductor industry. They advocated for stricter regulations, streamlined administrative processes, English-language unified investment services, access to supply chains for small and medium enterprises, as well as infrastructure such as clean energy and digital grids.
They also supported coordinated growth across value chains encompassing research, testing, manufacturing, packaging, and artificial intelligence. Eager to increase their investments, they proposed that Viet Nam should establish clear priorities and create a national semiconductor association to connect the government, industry, and academia.
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This would help in shaping policies, conducting research, providing training, managing supply chains, securing capital, and building a comprehensive ecosystem to position Viet Nam as a key hub for chips at both the global and regional levels.