Vietnam - The choice of high-tech investors

VCN - Many international organizations say that Vietnam has improved in attracting foreign investment (FDI) and is facing a huge opportunity to "attract capital" in the high-tech sector, especially the industrial sector, semiconductor chip technology.
Expectations for attracting FDI from the United States into high-tech and green sectors Expectations for attracting FDI from the United States into high-tech and green sectors
The supporting industry needs high-tech human resources The supporting industry needs high-tech human resources
High-tech workforce is essential for the supporting industry sector High-tech workforce is essential for the supporting industry sector
Many technology corporations have made their mark on investment activities in Vietnam. Photo: provided by enterprise
Many technology corporations have made their mark on investment activities in Vietnam. Photo: provided by enterprise

Many development opportunities

In the context of common difficulties, attracting FDI has become a bright spot in the economic picture in 2023. Statistics from the Ministry of Planning and Investment show that, in the past year, FDI investment capital into our country reached a record high. with 36.6 billion USD, ranked 3rd in terms of registered capital in the period 2008 - 2023.

Foreign capital is predicted by experts to continue to flow heavily into Vietnam, especially in the field of semiconductor chips, high technology, and high-value-added products. Global research department - HSBC Bank commented that Vietnam belongs to the group of 3 countries (along with Singapore and Malaysia) that excel in ASEAN in attracting FDI into the technology sector. Despite the trade downturn, this trend brings hope for recovery for Vietnam as the economic cycle changes. Many technology corporations have made their mark on investment activities in Vietnam.

Also according to HSBC, half of Samsung's smartphone output globally comes from Vietnam. This has encouraged other technology "giants", especially Apple, to expand operations in Vietnam. Currently, Apple has a number of products manufactured in Vietnam, such as Macbooks, iPads, and Apple Watches, attracting thousands of local workers.

Mr. Nguyen Anh Tuan, Deputy Director of the Foreign Investment Department (Ministry of Planning and Investment) said that currently, many investors choose Vietnam to become an investment destination for high-tech industries, including the semiconductor industry. This is a very important starting point to contribute to realizing the Government's strategic goal, making the semiconductor industry one of the industries creating breakthroughs for growth.

As evidence, in the past year, semiconductor factories have been continuously established. Recently, the second largest semiconductor factory in the North of Amkor Group in Yen Phong 2 industrial park (Bac Ninh) went into operation. The monocrystalline silicon bar and semiconductor disk factory project of Runergy PV Technology Co., Ltd. (Thailand) has a total investment of 440 million USD in Hoang Mai I industrial park (Nghe An) and is expected to go into operation in June 2025.

The Dutch company BE Semiconductor Industries N.V (BESI) was awarded an investment certificate by the management board of Ho Chi Minh City Hi-Tech Park on November 2, 2023. In the first phase, the project will be invested with a capital of more than 115 billion VND (equivalent to 4.9 million USD), with an operating term of 50 years. It is expected that the investor will install equipment, recruit workers in 2024 and operate in the first quarter of 2025.

At the end of October 2023, Vietnam's semiconductor network went into operation, gradually realizing the development orientation of the semiconductor industry, making Vietnam a trusted partner in the semiconductor ecosystem. region and the whole world. Thereby enhancing Vietnam's position in the global value chain and modernizing the economy.

Solve the problem of human resource shortage

But according to experts, in order to retain these large technology corporations, in addition to maintaining macroeconomic stability and appropriate preferential tax, fee and land policies, Vietnam needs to prepare synchronously for infrastructure. Technical floors of industrial parks, factories, electricity, water, social infrastructure, especially high quality domestic human resources.

Recently, in the last days of 2023, the Management Board of Ho Chi Minh City High-Tech Park (SHTP) signed a cooperation agreement with Ansys Company (USA) on developing human resources in the semiconductor chip industry in Vietnam. Male. This cooperation has made a great contribution to improving the operational capacity of the Electronics and Semiconductor Circuit Training Center (ESC), contributing to the development of the semiconductor IC industry for Ho Chi Minh City and the growth of Vietnam. Vietnam economy.

According to Mr. Rafiq Somani, Vice President, Ansys Indian Ocean and South Asia, Ansys software line including RedHawk, Sherlock, HFSS, Power Artist offers unique capabilities to help electronics and semiconductor companies , researchers and students accelerate the design and innovation process for next-generation high-tech products. This software is used by many of the world's leading companies and universities to enhance the capabilities of high-tech products. Leading software in simulation and design and Ansys' global expertise in this field will help SHTP realize its goal of developing simulation skills and design capabilities for high-tech industries.

Mr. John Neuffer, President and CEO of the American Semiconductor Industry Association (SIA), said that US semiconductor industry enterprises are operating strongly in the southern region of Vietnam. The supply chain of the semiconductor industry is not only concentrated domestically but must be established and linked with other countries, including Vietnam. Having a good mechanism to attract and encourage investment along with a good response in human resources are important conditions and factors for US businesses to consider and choose to invest in their supply chain.

Mr. John Neuffer said that on the map of the world semiconductor industry, Vietnam now has a position in testing, packaging as well as back-end design. In the coming time, Vietnam can promote the development of other stages in the semiconductor chip supply chain, in which focusing on investment in the design stage will have more advantages.

According to the Ministry of Planning and Investment, Vietnam has developed a human resources development project with the goal of forming a team of 50,000 engineers for the semiconductor industry by 2030. At the same time, it has built many incentive mechanisms. Attractive investment for companies and corporations in the semiconductor industry. Investment projects in the semiconductor industry in the high-tech sector are given the highest incentives within the framework of Vietnamese law.

By Diu-Thao/ Huu Tuc

Related News

Improving legal framework, ensuring accessibility to green bonds

Improving legal framework, ensuring accessibility to green bonds

VCN - This is the recommendation of Mr. Nguyen Tung Anh (photo), Head of Credit Risk Research and Sustainable Financial Services (FiinRatings) in an interview with Customs Magazine reporters about green bond market development in Viet Nam.
Vietnam owns significant advantages in attracting FDI

Vietnam owns significant advantages in attracting FDI

VCN - In an interview with Customs News, Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy, believed that the global minimum tax could affect global foreign direct investment (FDI) flows and the FDI attraction policies of each country. However, "in crisis lies opportunity", Vietnam still has significant advantages in attracting FDI.
Meets standards to attract FDI into supporting industries

Meets standards to attract FDI into supporting industries

VCN - When choosing Vietnam as an attractive investment destination in the supporting industry, foreign investors not only expect a vibrant market but also desire a favorable investment environment and smooth administrative procedures.
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - Mr. Le Huu Quang Huy, Member of the Inter-Branch Executive Committee of Vietnam Industrial Park Finance Association (VIPF), Vice Chairman of the Board of Members of the International Investment Study Institute (ISC) had an interview with Customs Magazine reporters about the FDI attraction situation.

Latest News

Find opportunities in niche markets to increase exports

Find opportunities in niche markets to increase exports

VCN - New markets and niche markets are the way for exports to reduce dependence on traditional markets. Exploiting opportunities in these markets will open up many new opportunities.
Vietnam transforming into new global manufacturing hub: experts

Vietnam transforming into new global manufacturing hub: experts

Vietnam is transforming into a new global manufacturing hub, offering a diverse range of products that are competitively priced and continuously improving in quality, assessed foreign distributors and importers, who will participate in the Vietnam International Sourcing expo this June.
Sustaining growth solutions for coffee exports

Sustaining growth solutions for coffee exports

VCN - The continuous increase in coffee prices has provided a strong boost for coffee exports, aiming for a record of US$5 billion. However, it still requires many comprehensive solutions to enhance quality and value to ensure sustainable development for the coffee industry in the future.
Vietnam National Brand Week to be held in mid-April

Vietnam National Brand Week to be held in mid-April

The Vietnam National Brand Week 2024 will be held nationwide from April 15-21 to raise public awareness of Vietnam national brand and promote products recognised as national brands to domestic and international communities.

More News

Textile industry in sustainability push to meet stringent requirements

Textile industry in sustainability push to meet stringent requirements

Textile and garment businesses are making a green push with development of eco-friendly products adapted to global fashion trends and by meeting the stringent requirements under free trade agreements the country has signed, according to industry insiders.
Loosening the belt buckle for sustainable development of the maritime industry

Loosening the belt buckle for sustainable development of the maritime industry

VCN - Recently, the growth of maritime and waterway transportation has been impressive, with a double-digit rate of about 10-12% per year. However, despite many advantages, the waterway system has not been efficiently utilized, commensurate with its potential. The Customs News had a discussion with Pham Quoc Long, Vice Chairman of the Vietnam Shipowners' Association, on this issue.
Vietnam ready to ride US investment wave

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.
Investing in wages is investing in development

Investing in wages is investing in development

VCN - According to Dr. Bui Sy Loi (photo), senior expert of the Ministry of Labor, War Invalids and Social Affairs, former Deputy Chairman of the National Assembly's Committee on Social Affairs, the National Assembly's adoption of the reform policy salaries, resource decisions and salary reform policies on July 1, 2024 is a suitable time, both historical and topical, contributing to ensuring life, creating peace of mind for staff, civil servants, public employees and workers.
Import and export in the first quarter: clearer and clearer bounce- back trend

Import and export in the first quarter: clearer and clearer bounce- back trend

VCN - As calculated, total import-export turnover of goods in the first quarter of the year reached over 178 billion USD, up 15.5% year on year. Both exports and imports achieved high growth rates, clearly showing a recovery trend.
Measures sought for coffee firms to adapt to EU Deforestation Regulations

Measures sought for coffee firms to adapt to EU Deforestation Regulations

Experts gathered in the Central Highlands province of Gia Lai on April 9 to seek measures to help local coffee businesses to adapt to the EU Deforestation Regulations (EUDR) and promote exports to the EU market in particular and the world in general.
Vietnam’s export to India maintains growth momentum

Vietnam’s export to India maintains growth momentum

Vietnam kept its export growth momentum in the Indian market in 2023 after two-way trade hit a record high of 15 billion USD in 2022, Vietnamese trade counsellor in India Bui Trung Thuong told the Vietnam News Agency.
Ample room remains for Vietnam"s exports to China

Ample room remains for Vietnam"s exports to China

There remains ample room for Vietnam's exports to China and the growth will be directly proportional to the quality improvement of products by domestic enterprises, according to Dau tu (Investment) Newspaper.
Negotiating actively FTAs, increasing benefits for businesses

Negotiating actively FTAs, increasing benefits for businesses

VCN - Facing the improvement of exports in the first quarter, sharing with the press, Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade) said that many solutions will continue to be implemented to achieve the goal export growth 2024.
Read More

Your care

Latest Most read
Find opportunities in niche markets to increase exports

Find opportunities in niche markets to increase exports

VCN - To support businesses in accessing the market, Vietnamese trade agencies abroad are actively providing information and connecting Vietnamese businesses with potential markets.
Vietnam transforming into new global manufacturing hub: experts

Vietnam transforming into new global manufacturing hub: experts

Vietnam is transforming into a new global manufacturing hub, offering a diverse range of products that are competitively priced and continuously improving in quality, assessed foreign distributors and importers, who will participate in the Vietnam International Sourcing expo this June.
Sustaining growth solutions for coffee exports

Sustaining growth solutions for coffee exports

VCN - The continuous increase in coffee prices has provided a strong boost for coffee exports, aiming for a record of US$5 billion. However, it still requires many comprehensive solutions to enhance quality and value to ensure sustainable development for
Vietnam National Brand Week to be held in mid-April

Vietnam National Brand Week to be held in mid-April

The Vietnam National Brand Week 2024 will be held nationwide from April 15-21 to raise public awareness of Vietnam national brand and promote products recognised as national brands to domestic and international communities.
Textile industry in sustainability push to meet stringent requirements

Textile industry in sustainability push to meet stringent requirements

Textile and garment businesses are making a green push with development of eco-friendly products adapted to global fashion trends and by meeting the stringent requirements under free trade agreements the country has signed, according to industry insiders.
Mobile Version