Illustrative image (Photo: baodautu.vn)Vietnam has necessary conditions and factors to develop the semiconductor industry. According to HSBC, half of Samsung's global smartphone output comes from Vietnam. This has also encouraged other tech giants, especially Apple, to expand their operations.Do Van Su, Deputy Director of the Foreign Investment Agency, said that there is a shift of capital from North American investors to Vietnam. To date, US-based Apple has completed the transfer of 11 audio-visual equipment factories to the Southeast Asian nation. The country has been increasingly attracting major semiconductor corporations from the Republic of Korea, Taiwan (China), and the US.According to her, US President Joe Biden's visit to the country in September and the jointly announced upgrade of bilateral relations to a comprehensive strategy was a demonstration of the US and Vietnam's cooperation in innovation and development of the semiconductor industry as their highest priorities.At the ongoing sixth plenary session of the 15th National Assembly, in a report on the goals and targets of Vietnam's economy in 2023, 2024 and the following years, Prime Minister Pham Minh Chinh emphasised the development of several key industries that Vietnam is aiming for, including the processing, manufacturing, and semiconductor industries.According to Minister Dung, Vietnam has a wealth of potential, opportunities and all the necessary conditions and factors to develop the semiconductor ecosystem./.

Source: Viet Nam News November 09, 2023 15:00 UTC