Recently, Vietnam’s semiconductor industry has become an attractive destination for the semiconductor sector, drawing attention from international manufacturers like Samsung, Intel, and LG. To grow strongly and enhance its position in the global supply chain, domestic enterprises need long-term strategies and effective support policies from the government.
Amidst intense competition with other countries such as India and Malaysia, FPT Semiconductor has taken pioneering steps, not only elevating Vietnam’s capabilities in the semiconductor field but also promoting the development of the digital economy.
Recently, a conversation between Mr. Hoang Viet Anh – Chairman of the Board of Directors of FPT Telecom JSC and Mr. Tran Dang Hoa – Chairman of FPT Information System (FPT IS) and Chairman of FPT Semiconductor JSC – a member of FPT Group, with news outlets Vietnamnews and Stockbiz, shared new insights on this development.
1. What role does the semiconductor industry play in Vietnam’s economic development?
Vietnam’s semiconductor industry is the cornerstone of all technology sectors, from smart devices and automobiles to IoT applications. According to Mr. Tran Dang Hoa, Chairman of FPT Semiconductor, with the changes in global geopolitics, Vietnam now has a “once-in-a-lifetime” opportunity to deeply integrate into the global semiconductor supply chain. This is a crucial factor in developing the digital economy, driving sustainable growth for the nation.
2. How is the chip market in Vietnam currently developing?
According to Mr. Hoang Viet Anh, Chairman of FPT Telecom, the chip market in Vietnam has recorded an annual growth rate of 6.12% and is expected to reach around USD 1.66 billion by 2027. The visit of U.S. President Joe Biden in September 2023 also opened up strategic cooperation opportunities between the two countries in semiconductor manufacturing.
3. What are the biggest challenges Vietnam faces in the semiconductor sector?
Vietnam’s semiconductor industry faces fierce competition from major countries like China, the U.S., and Europe. Mr. Tran Dang Hoa emphasized that the most important factor for Vietnam’s development is to quickly build a high-quality workforce and implement tax, land, utility, and logistics incentives to support businesses in the sector.
4. What actions has the government taken to promote the semiconductor industry?
The Vietnamese government has been implementing policies to support the semiconductor industry’s development, including a plan to train 50,000 engineers by 2030. The Ministry of Information and Communications is also developing a national strategy for the industry while promoting international cooperation to enhance production and research capabilities.
5. What product lines is FPT Semiconductor currently developing?
FPT Semiconductor has launched its first power management chip series, specialized in managing power supply. Additionally, the company is developing an IoT platform chip for smart device applications, including in agriculture and medical devices. The company has already received orders for 70 million chips from customers in Taiwan, South Korea, and Japan, scheduled for production in 2024 and 2025.
6. What strategies does FPT Semiconductor have for developing human resources for the semiconductor industry?
FPT Semiconductor aims to train 10,000 semiconductor engineers by 2030. Furthermore, the company has strengthened partnerships with international businesses and universities to improve the expertise of the workforce. This is one of the key long-term strategies to ensure Vietnam’s competitiveness in the global semiconductor market.
7. What are FPT Semiconductor’s vision and commitment to Vietnam’s semiconductor industry?
FPT Semiconductor is committed to leading in semiconductor research and product development, while also expanding cooperation with international partners to enhance production capabilities. With its strategic vision, FPT focuses not only on product development but also on heavily investing in human resource training, helping Vietnam deeply integrate into the global semiconductor supply chain.
With strategic steps and a strong commitment to developing products and human resources, FPT Semiconductor not only contributes significantly to Vietnam’s semiconductor industry but also creates momentum for the sustainable growth of the national digital economy.
Stay tuned for the latest updates on the development of Vietnam’s and the world’s semiconductor industry at FPT Semiconductor!
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