Vietnam will invest about VNĐ12.8 trillion (501.2 million USD) to build a small-scale semiconductor chip manufacturing plant to serve research, design, production, packaging, and testing, according to Nguyen Khac Lịch, Director of the Department of Information and Communications Technology under the Ministry of Information and Communications.
He said that the Prime Minister had signed and issued the strategy for Vietnam’s semiconductor industry development until 2030, with a vision to 2050.
Lịch said that if it did not want to become a processing country, the country needed to master research and technology development in the fields of semiconductors and electronics.
The country should promote geopolitical advantages, follow investment trends, focus on electricity and water infrastructure as well as have preferential and supportive mechanisms, and policies.
In the immediate future, Vietnam would need a small-scale but high-tech chip manufacturing plant to meet domestic demand, participate in the global supply chain, and ensure security and defense.
Source: Viet Nam News
