The only major semiconductor asset in Vietnam is Intel's assembly and test facility. However, the company plans to establish itself as a major global player in the semiconductor industry by 2050. Prime Minister Pham Minh's strategy, which TrendForce reports, lays out specific goals, detailed timelines, and actionable steps to drive the sector's growth and ensure long-term sustainability.
Vietnam's strategy that was adopted by PM's Decision No. 1018/QD-TTg is quite comprehensive and is built around five primary objectives: designing specialized chips, fostering growth in the electronics sector (which will use chips developed and built in Vietnam and elsewhere), creating a skilled workforce, attracting investments, and implementing other relevant initiatives to boost the industry. The general goals by 2050 include three semiconductor production facilities, 20 packaging and testing facilities, and establishing hundreds of local chip designers.
