Vietnam proposes favorable electricity rates for semiconductor plants to attract investment. Discover the details and future plans.

In a fierce competition in terms of financial and technical resources from global Big Tech companies, Vietnam is charting its own course.

In 2040-2050, Vietnam aims to become a leading country in the semiconductor and electronics industry.

Among the 50,000 personnel with university degrees or higher, at least 42,000 engineers and graduates will be trained.

Northern province facility has investment of an estimated $200 million.

Mr. Do Cao Bao, Member of the Board of Directors at the FPT Corporation, has said the competition between the US and China in accessing technology and the US promulgating a chip law opens up opportunities for Vietnam to become one of the leading semiconductor chip manufacturers globally. A series of leading technology corporations from around the world, such as Intel, Samsung, Amkor Technology, and Synopsys, etc., have increased their investment in Vietnam’s semiconductor chip industry.