Vietnam ready for new wave of investment in semiconductor
(VOVWORLD) - Global giants are showing a keen interest in investing in the semiconductor industry in Vietnam and the country is ready for this new wave of investment, Minister of Planning and Investment Nguyen Chi Dung told the media on Tuesday.
 Minister of Planning and Investment Nguyen Chi Dung. (Photo: chinhphu.vn) |
Mr. Dung said his Ministry is developing a project to train 50,000 semiconductor engineers by 2030. Vietnam will collaborate with two major US chip design corporations, Synopsys and Garden, to establish a chip research and design center at the National Innovation Center in Hanoi, according to Minister Dung.
He said localities have prepared the necessary infrastructure including land, IT, and electricity and water supply to welcome semiconductor businesses. Strategic transportation infrastructure connecting economic hubs, seaports, and airports is being upgraded.
Human resources are now available and will be strengthened while institutions will continue to be fine-tuned to create the best conditions for investors, Minister Dung said.