Vietnam is now home to 174 foreign-invested projects with a total registered capital of nearly 11.6 billion USD, (Photo: vneconomy.vn)

Dung, who also serves as deputy head of the National Steering Committee for Semiconductor Industry Development, highlighted the country's commitment to fostering the industry through refining policies, launching a human resources development programme, a semiconductor industry development strategy and ecosystem.

The Ministry of Planning and Investment has also engaged with tech giants like Qualcomm, Google, Meta, LAM Research, Qorvo and AlChip. Specific plans are underway to shift their supply chains to Vietnam, establish research centres, and expand manufacturing operations in the country.

Notably, a landmark cooperation agreement signed between the Vietnamese Government and US tech firm NVIDIA on December 5 marks a major milestone. It aims to establish a research and development centre and an AI data hub in Vietnam, promising to deliver a technological leap that will create substantial ripple effects across the industry.

This rare opportunity could propel Vietnam into the heart of the global semiconductor supply chain, Dung said, stressing the need for the involvement of various ministries, businesses, research universities, and both domestic and foreign experts. He highlighted the importance of pooling resources to achieve the goals outlined in the approved human resources development programme and strategy.

Enhancing international cooperation and actively engaging with major semiconductor and AI corporations is crucial, with a particular focus on advanced packaging projects, an area ripe for breakthroughs in Vietnam's semiconductor industry, he added.

He outlined three key pillars for success: mechanisms and policies, infrastructure, and a quality workforce. Attracting talent, especially Vietnamese professionals from around the world, is also essential to drive the industry’s growth, he noted./.