At the monthly government meeting on August 5, Prime Minister Pham Minh Chinh tasked the Ministry of Planning and Investment (MPI), the Ministry of Information and Communications, the Ministry of Education and Training, and the Ministry of Science and Technology to develop a plan to train between 30,000 and 50,000 engineers and 100 experts in digital transformation and manufacturing semiconductors.
At the same time, PM Chinh called on government bodies and foreign companies to help Vietnam produce semiconductors.
It is not the first time that the prime minister has asked for training schemes to help develop a labour force for this sector, as well as promote the production of semiconductors.
At a meeting with US Treasury Secretary Janet Yellen in July, PM Chinh was told that the United States was willing to assist Vietnam in producing semiconductors. Chinh sees the expansion of semiconductor production as a priority for Vietnam’s growth.
To that end, the PM urged the MPI to complete the construction of the National Centre for Innovation and establish a course on semiconductor manufacturing in April.
Last year, at the launch of Samsung’s first research and development centre in Vietnam, PM Chinh asked the company to quickly prepare all necessary criteria to test manufacturing high-density interconnection electronic circuit boards, camera module products, and wide-angle lenses with optical image stabilisation for the $920 million factory in the northern province of Thai Nguyen, and to start production from July this year.
Vietnam's semiconductor industry is rapidly growing as companies affected by supply chain disruptions invest in the country. Currently, Vietnam's chip exports are mainly from foreign-invested enterprises, while the country's role in the supply chain is primarily assembly, testing, and packaging.
“The US is adopting a comprehensive approach to diversify and strengthen the semiconductor ecosystem. By moving operations away from overly centralised or risky points in the global supply chain, the US aims to create a safer economic position for itself and the world. In the past decade, Vietnam has emerged as a crucial node in the global semiconductor supply chain,” said the US Treasury Secretary.
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