The capital city of Hanoi is positioning itself as a prime destination for semiconductor investment, with a conference kicking off on July 29 as part of the Hanoi Semiconductor Investment Festival.
Nguyen Tran Quang, Deputy Director of the Hanoi Investment, Trade and Tourism Promotion Centre, speaks at the event (Photo: VNA)
Hanoi (VNA)🌺 – The capital city of Hanoi is positioning itself as a prime destination for semiconductor investment, with a conference kicking off on July 29 as part of the Hanoi Semiconductor Investment Festival.
Co-hosted by the Hanoi Investment, Trade and Tourism Promotion Centre, the municipal Department of Information and Communications, the Vietnam Software & IT Services Association (VINASA), Hoa Lac Hi-Tech Park management board and the Hanoi University of Science and Technology (HUST), the event spotlighted Vietnam’s growing appeal to global semiconductor giants from the US, the Republic of Korea, Japan and Europe.
Nguyen Tran Quang, Deputy Director of the centre, underscored the sector's critical role in the digital economy and the influx of foreign interest.
The recently enacted Capital Law solidifies the city’s commitment to the industry, designating semiconductor as a strategic investment priority.
Hanoi’s strong economic performance, with nearly 1.17 billion USD in foreign investment during the first half, further bolsters its attractiveness.
Director of the municipal Department of Information and Communications Nguyen Viet Hung outlined Hanoi’s ambition to become a regional semiconductor and AI design and supply leader.
He detailed a package of incentives for investors, including exemptions on land and water surface lease fees, preferential corporate and personal income taxes, waiver of certain criteria in the evaluation of prequalification documents, tender submissions, and contractor capability and experience when bidding for city contracts.
VINASA Chairman Nguyen Van Khoa stressed the importance of forging long-term partnerships to cultivate a robust market for Vietnamese-made chips.
The festival, running through July 31, also features three symposiums and an exhibition on semiconductor technology at the HUST campus./.
The Hanoi People’s Committee recently issued a document requesting local authorities make stronger moves to improve the quality and efficiency of foreign direct investment (FDI) promotion, attraction, and management.
Prime Minister Pham Minh Chinh has asked Hanoi to exert stronger efforts to take the lead in the development of digital economy, digital society, and digital citizens to work towards a civilised and modern society.
Owning a large number of cultural heritages and creative spaces, Hanoi, a Creative City of Design since 2019, has been on the right track to become a “green, smart and modern” city by 2030 by optimising its strengths and potential, especially from creative resources.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
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A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
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Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
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The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
