Vietnam highly values international cooperation and recognizes that success and progress in high-tech fields, particularly in the semiconductor and AI industries, can only be achieved through collaboration and the joint development of a robust value chain.

Party Chief and State President To Lam and delegates at the event. Source: VNA

“In this context, Vietnam welcomes US businesses and organizations to work together to develop innovative and sustainable solutions,” Party Chief and State President To Lam said at a conference on Vietnam-US cooperation in the semiconductor and AI industries, held in New York on September 22.

The discussion included leaders and experts from leading  US and global technology corporations and organizations in the semiconductor and AI sectors, including AMD, Google, Marvell, the Semiconductor Industry Association (SIA), and the Global Semiconductor Alliance (SEMI).

In his opening remarks, Minister of Planning and Investment Nguyen Chi Dung highlighted the continuous strengthening and deepening of the Vietnam-US relationship across various sectors, particularly in economic, investment, and trade cooperation. He emphasized the immense potential for collaboration between Vietnamese and US partners in high-tech fields such as semiconductors and AI, noting that this partnership would create numerous opportunities for both sides to leverage their advantages.

This collaboration is particularly important following the upgrade of the Vietnam-US relationship to a Comprehensive Strategic Partnership in September 2023, Dung said.

Vietnam has been implementing an AI development strategy since 2021, and on September 21, the Prime Minister signed the Semiconductor Workforce Development Program and the National Strategy for the Development of the Semiconductor Industry.

Over the coming years, Vietnam aims to intensify the training of high-quality human resources for the AI and semiconductor industries, with the goal of training 50,000 engineers by 2030. During the event, representatives from leading U.S. and global technology companies shared their experiences in developing the semiconductor and AI industries and highlighted the vast potential for collaboration with Vietnam in these areas.

At the conference, experts praised Vietnam's strategic direction in developing its semiconductor and AI sectors, expressing confidence that the country will become an attractive destination for investors in these fields and achieve significant success in the near future.

Several large Vietnamese technology companies are actively involved in the semiconductor and AI sectors, with FPT Group at the forefront. FPT has partnered with global AI leaders such as Landing AI, Mila, and Nvidia, and plans to invest $200 million to build an AI Factory. This factory is expected to stimulate economic growth and position Vietnam as a leader in the AI sector, capitalizing on global technological trends. In the semiconductor sector, FPT focuses on designing, testing, and training high-quality human resources to meet market demands. With over a decade of semiconductor research, FPT Semiconductor was established in 2022, launching the first "Made in Vietnam" semiconductor chip.

General Secretary and President To Lam echoed the sentiments expressed during the event, agreeing with the views of the participants. He reaffirmed Vietnam's commitment to rapid, sustainable development driven by science, technology, and innovation.

Overview of the event.

According to the Party Chief, the Party and State have identified three strategic breakthroughs for Vietnam’s economic and social development by 2030: institutional reform, infrastructure development, and human resources development, coupled with economic restructuring and growth model transformation. The development of the semiconductor and AI industries is a key strategic priority that will also drive growth in supporting sectors.

He emphasized that Vietnam is at a pivotal point in its transition to a digital, green, and circular economy. The country is prioritizing technological innovation to boost productivity, quality, and competitiveness. In this context, Vietnam is encouraging and prioritizing selective investments in high-tech sectors such as semiconductors, AI, R&D, renewable energy, green hydrogen, and infrastructure development—fields where US investors have significant potential and expertise.

Reflecting on the positive outcomes of the Vietnam-US relationship since normalization in 1995, General Secretary and President To Lam reaffirmed the vast potential for collaboration between the two nations in high-tech fields like semiconductors and AI, especially after the recent upgrade to a Comprehensive Strategic Partnership, with innovation and the semiconductor industry as two key pillars.

He expressed confidence that cooperation in the semiconductor and AI sectors will open up numerous opportunities for businesses on both sides to maximize their strengths. Over the past 20 years, Vietnam has trained hundreds of thousands of programmers and millions of IT professionals, building a strong foundation for its AI and semiconductor workforce, one of the country's key advantages.

Vietnam is also home to major electronics, IT, semiconductors, and AI companies, such as Samsung, Amkor, Hana Micron, Intel, Foxconn, LG, Viettel, VNPT, and FPT, along with numerous large investors who are completing the final procedures to begin R&D, production, and business operations in the country.