Dr. Nguyen Khac Giang, Visiting Fellow at the Vietnam Studies Programme at the Singapore-based ISEAS-Yusof Ishak Institute, said the Vietnamese economy has been more open over the past 10 years. Its favorable business environment has attracted investment from advanced technology sectors, including the semiconductor industry.

Political trust also plays a crucial role in attracting foreign semiconductor investment, he said, adding that many countries have confidence in Vietnam, due to its domestic political stability and friendship relations with other nations.

In addition to economic and political factors, experts highlight Vietnam’s abundance of talented human resources, and energy availability as appealing reasons for foreign investors to choose the country over others.

Notably, major foreign companies have been investing in Vietnam and achieved certain success, which further consolidates confidence of overseas investors in Vietnam’s semiconductor landscape.

For example, Intel, a leading semiconductor manufacturer of the US, has disbursed nearly 2 billion USD in investment in the Saigon Hi-Tech Park, and it plans to expand investment in Vietnam in the near future.

Experts suggest that Vietnam capitalize on its exceptional advantages in developing the semiconductor industry to strengthen mutual support and cooperation among nations, foster collaboration between businesses, educational institutions, and government training facilities. 

A comprehensive development strategy should prioritize attracting foreign direct investment, while nurturing the growth of domestic semiconductor companies./.