- Vietnamese Prime Minister Pham Minh Chinh has asked military-run telecom company Viettel to develop the semiconductor chip industry in a “more efficient and diverse manner”.
- The government will introduce a series of tax incentives and set up related investment funds this year to strengthen support for the semiconductor industry.
Vietnam is determined to build a self-reliant semiconductor chip industry and the military-run telecom company Viettel will contribute to creating a foundation according to a Vietnamese government’s statement released on Tuesday.
The statement cited Vietnamese Prime Minister Pham Minh Chinh, that Viettel should develop the semiconductor chip industry in a “more efficient and diverse manner”.
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Vietnam’s Evolving Semiconductor Scene
Several global electronics and semiconductor firms including Intel, Samsung, Amkor, Qualcomm, and Marvell have facilities in Vietnam and last December U.S.-based chip-maker Nvidia announced to expand investment in the country to support the development of AI, according to Reuters.
The statement also said, “Semiconductor chip manufacturing capabilities are currently limited to very few regions in the world and Vietnam is determined to pursue and develop the semiconductor industry, and build an ecosystem for this industry.”
With products developed by Viettel, the government will further introduce a series of tax incentives and set up related investment funds this year as part of its plan to strengthen support for the semiconductor industry.
Vietnamese President Vo Van Thuong also said during his visit in February that Viettel must maintain its pioneering role in building a digital government, digital society and digital economy, according to VietnamPlus.
