What's Happening?
Vietnam has officially commenced the construction of its first semiconductor chip manufacturing facility, marking a significant step in developing its domestic chipmaking capabilities. The project, led by the military-run Viettel Group, is located in the Hòa
Lạc High-Tech Park and aims to establish a comprehensive semiconductor ecosystem in the country. The facility will focus on research, design, testing, and production of chips for various industries, including aerospace, telecommunications, and automotive. This initiative is part of Vietnam's strategy to master core technologies and integrate deeper into the global value chain through science and innovation.
Why It's Important?
The establishment of a domestic chip manufacturing plant is crucial for Vietnam as it seeks to reduce reliance on foreign technology and enhance its position in the global semiconductor market. By developing local chip fabrication capabilities, Vietnam aims to support its tech startups and research institutions, shorten product development cycles, and train a skilled workforce. This move is expected to attract international partnerships and technology transfers, positioning Vietnam as a competitive player in the semiconductor industry. The facility's success could lead to increased economic growth and technological self-reliance for the country.
What's Next?
The Viettel Group plans to complete the construction and begin trial production by the end of 2027, with a focus on optimizing processes to meet international standards by 2030. The facility is also expected to expand in the future, allowing Vietnam to access more advanced semiconductor technologies. This development aligns with the country's goal of training 50,000 chip design engineers by 2030 and building a semiconductor workforce of 100,000 by 2040. The project is anticipated to contribute significantly to Vietnam's sustainable technological future.
