Today: 25/02/2024 06:21:37 (GMT+7)
THE SPECIALIZED PAGE OF BAC GIANG NEWSPAPER ONLINE

Deputy PM calls for more US investment in semiconductor industry

Deputy Prime Minister Le Minh Khai on January 12 called on the Semiconductor Industry Association (SIA) of the US to encourage its member enterprises to increase investment in Vietnam.

Receiving SIA President and CEO John Neuffer in Hanoi, 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 as a starting point for cooperation between SIA and the Vietnamese Government, thereby promoting the possibility of Vietnam’s engagement in global semiconductor supply chains.

Deputy PM, more US investment, semiconductor industry, Semiconductor Industry Association, increase investment,  fact-finding tour, supply chains

Deputy PM Le Minh Khai (L) receives SIA President and CEO John Neuffer in Hanoi on January 12.

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 period.

Vietnam prioritises hi-tech and innovation projects with spillover 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, Khai said.

He added Vietnam boasts much 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 focuses on enterprises.

For his part, Neuffer said the US’s semiconductor industry is working to re-balance the global semiconductor production chain.

He stressed the importance of Vietnam to the US's production chains, expressing his hope that Vietnam will play an increasingly important role in the US’s global semiconductor chain in the coming time.

As other countries are advancing fast and semiconductor businesses of the US are seeking investment chances, Neuffer said he hoped to cooperate with the Vietnamese Government and help the Southeast Asian nation not miss this important opportunity.

Khai asked SIA to introduce Vietnam’s investment climate to US firms to encourage them to open R&D and sci-tech centres in the Southeast Asian country, and transfer technologies to help Vietnam develop businesses capable of designing and producing semiconductor products.

He also suggested SIA introduce experts and organisations to hold on-site training courses, and present scholarships to train human resources for the semiconductor industry in Vietnam.

Investment for creative startups to reach 5 billion USD in 2023 – 2025
As many as 39 investment funds committed to invest 1.5 billion USD for creative startups in Vietnam in 2023 – 2025, lifting the total investment for the field in the period to 5 billion USD, heard the Vietnam Venture Summit 2022 on December 19 in Hanoi.
 
Foreign investors continue to pump investment into Vietnam
Many global companies have invested or announced plans to invest billions of dollars in Vietnam this year as they show continued interest in making the country a manufacturing hub.
 
PM invites Belgians to up Vietnam business investment
Prime Minister Pham Minh Chinh has called on Belgian businesses to invest more in Vietnam as a politically stable country where win-win partnerships can be formed.
 
Vietnam Electricity, European Investment Bank ink MoU on sustainable energy development
Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group’s sustainable development and energy transition.
 
Tighter discipline needed for public investment: Deputy PM
Deputy Prime Minister Pham Binh Minh highlighted the need to tighten discipline in the disbursement of public investment while chairing a hybrid meeting on the matter with the No.1 Working Group on December 8.
 

Source: VNA

Deputy PM, more US investment, semiconductor industry, Semiconductor Industry Association, increase investment, fact-finding tour, supply chains
 
New comment has just been added. Click here
Sort:NewBest News