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- Vietnam offers competitive labor costs and is strategically located within ASEAN, giving it access to major markets like China, Japan, and South Korea. These factors, coupled with growing foreign direct investment (FDI), make the country an appealing destination for semiconductor manufacturing and related industries.
www.sourceofasia.com/why-vietnam-is-a-hotspot-for-semiconductor-industry-investments/Why Vietnam is a hotspot for semiconductor industry investments?
Vietnam’s semiconductor industry is receiving great attention from international investors. Recently, Vietnam has attracted many giants in the semiconductor industry such as Samsung, Qualcomm, Infineon, Amkor with many investment projects to build factories, expand production, and assemble with values up to billions of USD.
6 days ago · The country aims to have at least 100 semiconductor design companies by 2030. Annual revenue from the semiconductor industry is projected to reach $25 billion by 2030, and that from the electronics industry is targeted at $225 billion. The corresponding figures are set at $50 billion and $485 billion during the 2030-2040 period; and $100 ...
6 days ago · - The +1 highlights Vietnam’s emerging status as a safe destination within the global semiconductor supply chain. Vietnam's semiconductor strategy is divided into three phases: - Phase 1 (2024-2030): Vietnam aims to utilize its geopolitical and human resource advantages to attract selective foreign direct investment (FDI).
6 days ago · Vietnam is set to introduce a robust incentive framework to selectively attract foreign investment into high-tech industries, particularly in the semiconductor and electronics sectors, to be backed by central and local government budgets. Prime Minister Pham Minh Chinh signed a decision on September 21, which lays out Vietnam’s semiconductor ...
4 days ago · Annual revenues for semiconductors are expected to reach $100 billion, while electronics should reach $1.045 trillion. This is not the first time Vietnam has expressed its interest in becoming a semiconductor hub. It's also not devoid of existing foreign investment.
Aug 13, 2024 · The tendency is called ‘frienshoring’, and Southeast Asia, especially Vietnam, has emerged as an attractive destination for semiconductor investors. With the advantages in labor costs, the government’s support, and political certainties, Vietnam has great potential to become an important chip manufacturing and assembly center in the region.
