Viet Nam - A key player in semiconductor industry: Int'l media

Viet Nam is rapidly becoming a key player in the global semiconductor industry, reflecting significant changes in technology and international dynamics, according to international press reports this past week.

Opengovasia, a content platform that initiates dialogue across public sector CIOs and technology experts, affirms that Viet Nam's vision for the semiconductor industry is ambitious.

By 2045, Viet Nam will become an essential link in the global semiconductor value chain. This vision includes developing a highly skilled workforce that meets the quality and quantity needs of the semiconductor industry.

According to Viet Nam Briefing, one of the few sources for quality legal, tax and investment insights into Viet Nam, Viet Nam is gradually adjusting policies and laws on investment and business to create favorable conditions for investors.

Additionally, the country is implementing various solutions to encourage deeper integration of domestic enterprises into the global semiconductor supply chain.

An article on riotimesonline.com points out some of the challenges that the Vietnamese semiconductor industry is facing, such as infrastructure and logistics issues.

Moreover, the demand for semiconductor experts is increasing dramatically, putting pressure on the labor market in Viet Nam.

Nikkei Asia quoted CEO of Alchip Technologies Johnny Shen as saying: A source of promising and ethical engineers has made Viet Nam an extremely attractive destination in the semiconductor industry.

Meanwhile, Korean corporations are partly turning to Viet Nam to compensate for the brain drain in the domestic market.

Experts stressed that Viet Nam has a maximum of 3-5 years to address issues related to infrastructure and workforce to achieve its goals, in the context that other countries are also in the race to become part of the global semiconductor value chain./.