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Vietnam ready to welcome “eagles” in electronics, semiconductor industry: Official

Vietnam has prepared necessary conditions to attract “eagles” worldwide in the electronics and semiconductor industry, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam Global Manufacturing Forum 2024 (VGMF2024) in Hanoi on March 26.
Vietnam ready to welcome “eagles” in electronics, semiconductor industry: Official ảnh 1An overview of the forum. (Photo: VNA)

Hanoi (VNA) – Vietnam has prepared necessary conditions to attract “eagles”worldwide in the electronics and semiconductor industry, Deputy Minister of Planningand Investment Tran Duy Dong told the Vietnam Global Manufacturing Forum 2024 (VGMF2024) in Hanoi on March 26.

Dong highlightedthe country's strong infrastructure, research and development incentives, andskilled workforce as key advantages for investors.

With the global electronics and semiconductor market expectedto surpass 1 trillion USD by 2030, hesaid the Vietnamese Government and Prime Minister are directing theMinistry of Planning and Investment (MPI), relevant ministries and agencies toprepare the best conditions to welcome incoming investments.

According to the official, Vietnam is currently among the top 40 economies in the world interms of GDP with over 430 billion USD and the top 20 economies in international trade and foreigndirect investment. The nation prioritises projects in hi-tech fields like electronics,semiconductors, innovation and renewable energy. It also seeks todevelop international financial centres, modern services and trade,infrastructure, research and development.

Dong also revealed an MPI-developed human resourcedevelopment scheme specifically for the semiconductor industry. This scheme,targeting the training of 50,000 engineers by 2030, will be submitted to the PMfor approval in the near future.

The National Innovation Centre (NIC), managed by the MPI, willfocus on smart factory and urban development, digital communication,environmental technology, cybersecurity, semiconductor industry, hydrogen andhealthcare. Notably, the NIC has already secured partnerships with USchipmakers Synopsys and Garden to establish a facility dedicated to chipresearch and design.

Furthermore,the MPI is drafting a decree on an investment support fund, offering substantialfinancial assistance for hi-tech, electronics and semiconductor sectors. Thisdecree willbe submitted to the Government for issuance soon.

Tran Tuan Anh, Deputy Director of the Hanoi Industrial andExport Processing Zones Authority (HIZA), unveiled the city’s goal ofestablishing 2-5 new industrial parks by 2025 to draw more investors,especially those using modern, clean and eco-friendly technologies andproducing highly competitive products to integrate seamlessly into the global value andsupply chains./.

VNA

Experts said close coordination among State management agencies, research institutes, universities, and businesses will improve training quality and serve the dual goals of quality education and practical research application.

To promote copyright protection, Vietnam is accelerating efforts to master core technologies and build integrated platforms capable of receiving, processing, distributing and protecting digital content on a unified system.

OVs hope the two countries can establish an interconnected cooperation mechanism in the technology supply chain, from sharing research, testing, and development infrastructure to training human resources, thereby forming a technology alliance able to compete with others in the ASEAN region and the world.

Part of the Vietnam Innovation Challenge 2026, the programme goes beyond conventional coding competitions by requiring participants to develop AI-driven solutions to business challenges in real time.

Many experts in Singapore expressed their hope that the General Secretary and President’s visit will pave the way for more substantive cooperation mechanisms between Vietnam and Singapore in high technology, innovation and human resources development.

Ho Chi Minh City currently hosts 143 science and technology enterprises, accounting for around 20% of the national total. Total factor productivity (TFP) contributes 59% to the city’s GRDP growth, with science and technology responsible for 74% of TFP growth.

Over recent years, NSTDA has built strong partnerships with Vietnamese research institutes and organisations in agriculture, biotechnology, energy and sustainable development. Notable examples include joint projects on cassava value chains, salt-tolerant rice, biotechnology products and an initiative on green energy cooperation and development in the Mekong basin.

Vietnam now needs more effective digital transformation to create higher productivity, new growth models and stronger competitiveness in the AI era, said participants at the plenary session of the Vietnam-Asia DX Summit 2026.

The project aims to transform VNeID into a modern, secure and highly scalable national digital platform capable of effectively serving citizens, businesses, agencies and organisations in handling administrative procedures, accessing online public services, conducting electronic transactions and using digital utilities.

More than just a major technology competition for engineering students, this year’s event provides a platform for innovation, artificial intelligence (AI) and practical industrial applications to converge.

Regional Representative of the UNODC for Southeast Asia and the Pacific, Delphine Schantz, recommended that countries should treat the UN Convention against Cybercrime (Hanoi Convention) as a ‘starting point,’ instead of an ‘end goal.’

The inclusion of Vietnamese researchers in the 2026 Asian Scientist 100 list alongside Nobel laureates highlights Vietnam’s increasing integration into the global scientific community and its expanding research capabilities.

For Ho Chi Minh City, science, technology and innovation have been identified as key drivers of growth in the new development period. Biotechnology, therefore, is considered one of the sectors capable of generating high added value and promoting the transition towards a greener growth model.

Addressing the forum, Vietnamese Ambassador Tran Phuoc Anh expressed appreciation for the initiative to connect Vietnamese intellectuals in Singapore and make the most of the city-state’s strengths in science, technology and innovation.

Experiences from localities nationwide show that Resolution 57 is fostering a marked transformation in development mindset. Science and technology, innovation and digital transformation are increasingly becoming foundational drivers of economic growth and opening new development space for localities in the years ahead.

Vietnamese authorities handled more than 30 cases involving the illegal sale and theft of personal data between 2023 and 2025, affecting over 160 million data records across sectors including health, education, finance, banking and telecommunications.

Participants highlighted the importance of building a proactive, synchronised and sustainable national cybersecurity ecosystem through closer cooperation among regulators, technology firms, research institutions and cybersecurity experts.

Research by the Ministry of Justice (MoJ) shows that AI adoption in the legal sector remains constrained by fragmented, unstandardised and weakly connected legal databases. A unified national legal data ecosystem has yet to be established, while big data and AI applications are still largely confined to pilot programmes and have not been integrated across the full legislative process, including drafting, appraisal, review and inspection of legal documents.

The scheme aims to build a workforce with sufficient quantity, balanced structure and high-quality expertise to meet the country’s growing demand for atomic energy development and applications, while ensuring radiation safety, nuclear safety and nuclear security.

According to the Global Startup Ecosystem Index 2026 released by StartupBlink, Vietnam climbed five places to rank 50th globally, marking its highest position ever in the annual rankings.