Viet Nam is actively implementing a project to train 100,000 semiconductor and artificial intelligence (AI) engineers in the coming years, said Prime Minister Pham Minh Chinh.
Viet Nam's semiconductor industry revenue is estimated at US$18.23 billion in 2024, a year-on-year increase of 11.5 percent, according to Minister of Information and Communication Nguyen Manh Hung.
Vietnam’s goal is not only to participate in the global value chain but also to build an advanced and attractive semiconductor industry ecosystem in the region and the world, which will help the country achieve self-reliance and sustainable development in this field. Currently, Vietnam has met the necessary conditions to be ready to welcome and cooperate with enterprises and investors from all over the world in the semiconductor industry.
In the context of integration and the digital economy’s rapid development, the semiconductor industry has emerged as one of the strategic pillars of the 21st century. The semiconductor industry is not only the foundation for technological devices but also plays a core role in each nation’s digital economy.
By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Prime Minister Pham Minh Chinh has signed a decision issuing the strategy for developing Vietnam’s semiconductor industry by 2030, with a vision to 2050.
Viet Nam's semiconductor industry is forecast to see the compound annual growth rate (CAGR) of 11.6 percent between 2023 and 2027, reaching US$31.28 billion by 2027, according to Statista Market Insights.