Semiconductor industry development in 3 stages
The Prime Minister has just signed Decision No. 1018/QD-TTg dated September 21, 2024 promulgating the Strategy for developing Vietnam's semiconductor industry to 2030 and vision to 2050.
Vietnam aims to develop the semiconductor industry by 2050 according to a 3-phase roadmap. Accordingly, phase 1 (2024 - 2030): Take advantage of geopolitical advantages, human resources in the semiconductor industry, selectively attract FDI, develop into one of the global semiconductor human resource centers, form basic capacity in all stages from research, design, production, packaging and testing of the semiconductor industry.
Phase 2 (2030 - 2040), become one of the global centers of semiconductor and electronics industry; develop semiconductor and electronics industry combining self-reliance and FDI.
Phase 3 (2040 - 2050), become a country among the world's leading countries in the semiconductor and electronics industry; master research and development in the field of semiconductors and electronics.
The goal is to form at least 300 design enterprises, 3 semiconductor chip manufacturing factories, 20 semiconductor product packaging and testing factories, and master research and development in the semiconductor field.
The scale of semiconductor industry revenue in Vietnam reaches over 100 billion USD/year, the added value in Vietnam reaches 20 - 25%; the scale of electronics industry revenue in Vietnam reaches over 1,045 billion USD/year, the added value in Vietnam reaches 20 - 25%.
The scale of human resources in the Vietnamese semiconductor industry has a suitable structure and quantity, meeting development needs. Perfecting the autonomous Vietnamese semiconductor industry ecosystem, with leading capacity in some stages and segments of the production chain.
Training human resources, attracting FDI investment in semiconductor industry
Regarding the task of developing the semiconductor industry, based on the above contents, the Government's Strategy sets out 5 tasks with solutions.
Regarding the development of specialized chips, focus on researching and developing core technology and new generation breakthrough specialized chip products through investing in core technology research centers on semiconductors, focusing on areas such as AI chips and IoT chips.
Regarding human resource development and talent attraction in the semiconductor field, the Government aims to develop and implement the Project on human resource development in the semiconductor industry by 2030, with a vision to 2050.
Regarding investment attraction in the semiconductor sector, the Government will develop the highest incentive mechanism to selectively attract foreign investment projects with high technology content in the semiconductor and electronics industry from the central and local budgets. Research and establish an Investment Support Fund to minimize the impact of the global minimum income tax.
