Vietnam to become crucial link in global semiconductor value chain: Minister

Vietnam is positioning itself as a vital link in the global semiconductor value chain, with the government fostering investor-friendly conditions and leveraging the country’s strengths, according to Minister Nguyen Chi Dung. Partnerships with tech giants are enhancing digital transformation and skills development, while the presence of major semiconductor firms highlights Vietnam’s growing industry role.

The country faces challenges such as intense competition and a skilled labor shortage, prompting initiatives to train 50,000 workers by 2030 and establish a high-tech investment support fund. To further bolster the industry, Vietnam is ensuring stable power for high-tech zones and streamlining land clearance for industrial projects.

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