Semiconductors: can Vietnam position itself?

Vietnam, benefiting from growing foreign investments in electronics, launched its first strategy in September 2024 to develop the semiconductor industry by 2050. The strategy aims to establish a complete ecosystem in the sector, focusing on design, foundries, and testing and packaging activities. The country plans to attract 100 companies specializing in design by 2030 and master R&D for semiconductors dedicated to AI and the Internet of Things. However, the strategy lacks details on financial support and the specific segments to be developed.

Already the second-largest global exporter of mobile phones, Vietnam benefits from investments by giants like Samsung, Apple, and Intel, positioning itself as an alternative to China in global supply chains. However, competing countries like India and Malaysia are also attracting investments in this field. Vietnam aims to train 50,000 specialized individuals by 2030, with a focus on master's and doctoral degrees. This program seeks to strengthen cooperation between the state, universities, and businesses.

Despite the emergence of Vietnamese groups like FPT and Viettel, the local industry remains dominated by foreign investments. Vietnam hopes to receive financial support from partners such as the United States, Belgium, and Taiwan to modernize its sector and train qualified workers. However, to succeed in this strategy, the country will need to overcome bureaucratic and energy challenges and implement effective support mechanisms.

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