After 35 years of attracting foreign investment, Vietnam is seizing a historic opportunity to enter the 4.0 era. This originated from a historic decision: the issuance of the Foreign Investment Law in Vietnam in December 1987.
Specifically, following the bilateral cooperation agreements between Vietnam and the United States, at the beginning of December 2023, Minister Nguyen Chi Dung received Mr. John Neuffer, Chairman of the American Semiconductor Industry Association (SIA), and big names in the US semiconductor and high-tech industry, from Intel, Qualcomm to Ampere, ARM, Synopsys, Infineon, Marvell.
Since 2006, Intel has invested 1 billion USD to build a semiconductor chip factory in Ho Chi Minh City. Currently, they have increased their investment capital to 1.5 billion USD, becoming Intel’s largest semiconductor chip assembly and testing factory globally.
However, not only Intel, but Amkor also invested heavily in Vietnam. Last October, Amkor inaugurated a factory in Bac Ninh with an investment capital of 1.6 billion USD, of which phase I is 520 million USD.
In the “wave” of investment in the semiconductor industry in Vietnam, there is also Hana Micron (Korea) with a 600 million USD factory in Bac Giang. However, this figure will not stop there, as the Group plans to increase its investment capital in Vietnam to 1 billion USD by 2025.
These investors, along with Applied Micro, Synopsys, NXP Semiconductors, Hanmi Semiconductor… have laid the first bricks named Vietnam in the semiconductor market. The Southeast Asia Semiconductor Association (SEMI SEA) forecasts that this market will reach a scale of 1,000 billion USD by 2030.
Not only stopping at AI technology or semiconductors, Microsoft has invested in a factory in Bac Ninh since April 2006, through the acquisition of Nokia’s factory with a scale of more than 300 million USD, and continues to expand its business operations in Vietnam.
