Minister Nguyen Chi Dung: The global chip race is heating up and Vietnam has a “once in a thousand years” opportunity

According to Minister Nguyen Chi Dung, in the past 20 years, the semiconductor industry has had rapid growth and great impact in many countries. From 2001 to 2021, the global semiconductor industry has grown 14% per year, reaching nearly 600 billion USD in revenue by 2023. The semiconductor industry is expected to continue to grow strongly, reaching 1 trillion USD by 2030.

In this context, many countries have many unique and outstanding mechanisms and policies. Singapore has announced the “Electronics Industry Transformation Map” to invest more than 19 billion USD in the semiconductor industry over 5 years. South Korea announced the “Semiconductor Chip Belt” Strategy with a spending plan of 450 billion USD over 10 years.

India has announced the “India Semiconductor Industry Mission” initiative with 9.1 billion USD, supporting up to 50% of costs. The United States enacted the CHIPS Act to provide $52 billion to support the semiconductor industry. China has invested a huge amount of 120-150 billion USD in the semiconductor industry since 2014.

“The global chip race is heating up, but Vietnam has a once-in-a-lifetime opportunity to participate and assert itself in the global semiconductor industry value chain,” the Minister emphasized.

MANY ADVANTAGES AVAILABLE

Specifically, according to the “head” of the Planning and Investment industry, Vietnam has many advantages to affirm that it is ready for the semiconductor industry. That is:

The first, High political determination from central to local levels.

Monday, Favorable investment and business environment attracts many large FDI enterprises in the electronics field.

“There are currently more than 50 businesses in the semiconductor industry operating in Vietnam such as Intel, Amkor, Hana Micron (packaging, testing); Ampere, Marvell, Cadence, Renesas, Synopsys, Qorvo (design); Lam Research, Coherent (equipment manufacturing)…”, the Minister said.

Tuesdayhas a quality, affordable workforce already operating in the electronics industry that is easy to transition to, with more than 50% of the population under 30 years old (golden population period) and about 1 8 million students graduate from universities and colleges every year.

Wednesday, Vietnam has upgraded its comprehensive strategic partnership with most countries with developed semiconductor industries.

“The joint statement on upgrading Vietnam-US relations to a Comprehensive Strategic Partnership clearly states two groundbreaking cooperation contents: innovation and high technology, including the semiconductor industry. In particular, Vietnam is one of the few countries with which the United States has signed a Memorandum of Cooperation to develop the semiconductor industry ecosystem, which emphasizes cooperation in developing human resources for the industry.” , the Minister said.

HUMAN RESOURCES ARE AN OUTSTANDING ADVANTAGE

With an abundant labor supply and quality workforce, Minister Nguyen Chi Dung affirmed that human resources are Vietnam’s biggest and most outstanding advantage compared to other countries in the world.

“Therefore, focusing on investing, training, and retraining the workforce so that they can enter the labor market as soon as possible is a strategic direction,” the Minister emphasized.

Accordingly, the Project “Developing human resources for the semiconductor industry to 2030, with a vision to 2045” identifies the goal of training 50,000 engineers to serve the semiconductor industry in all stages of the semiconductor industry. Value Chain. Including 15,000 semiconductor circuit design engineers and 35,000 engineers in other fields of the semiconductor industry; At least 5,000 engineers among them have deep expertise in artificial intelligence. Trained about 1,300 internationally qualified lecturers.

To determine this goal, the Project Drafting Committee has synthesized the directions of the Government, the Prime Minister, and the actual needs of the current market and in the next 5 – 20 years. At the same time, based on the results of the survey of training capacity of major universities, participate in training in nearby fields, suitable fields, and right fields for conversion.

However, according to the Minister of Planning and Investment, in the current context, in the first phase, Vietnam should focus on training human resources to participate in the design, packaging, testing and some other stages. other related to the production of equipment, materials, chemicals…

Vietnam also needs at least 04 national shared semiconductor centers with equipment according to international standards located at national and regional universities in the North, Central, and South and at the Exchange Center. National innovation and about 18 basic standard semiconductor training centers at 18 technical universities meet the requirements.

The total budget for implementing the Project until 2030 is expected to be about 26,000 billion VND, of which the state budget is about 17,000 billion VND and socialization sources are about 9,000 billion VND.