Hà Nội has great potential in the semiconductor industry

July 30, 2024 - 20:54

In the context of globalisation and rapid technological development, the semiconductor industry has become an important pillar of the digital economy.

Experts in a roundtable discussion at the seminar. — VNS Photo

HÀ NỘI — With a strategic location and outstanding potential, the capital of Hà Nội is considered to become an attractive destination for foreign investors in the semiconductor industry.

Within the framework of the Hà Nội Semiconductor Investment Festival 2024, the Hà Nội Promotion Agency (HPA) organised a seminar titled 'Potential and challenges in attracting foreign investment in the semiconductor industry in Hà Nội' on Tuesday.

In the context of globalisation and rapid technological development, the semiconductor industry has become an important pillar of the digital economy.

Hà Nội, with its strategic location and outstanding development potential, is emerging as an attractive destination for foreign investors in this field.

Pursuant to Capital Law No 39/2024/QH15 dated June 28 this year, semiconductors are identified as a priority sector to attract strategic investors of the capital.

Strategic investors selected according to regulations in the semiconductor sector will enjoy many preferential investment policies of Hà Nội.

Nguyễn Mại, Chairman of the Việt Nam Association of Foreign Investment Enterprises (VAFIE), said that Hà Nội currently had many advantages to develop the semiconductor component manufacturing industry.

Typically, Hà Nội is the political and administrative center of Việt Nam.

The capital currently has the headquarters of two academies of sciences, dozens of universities with teams of professors and leading experts in science and technology.The number of enterprises is increasing.

Facing the development trend of the semiconductor industry and having many competitive advantages, Mại proposed that in order to seize the opportunity, Hà Nội needed to build a list of investment incentive projects and proactively discuss and find development solutions with the Ministry of Planning and Investment.

At the same time, he recommended improving investment promotion activities and overcoming current bottlenecks, especially issues of energy supply, transport infrastructure and social security. — VNS

Tags Hanoi Promotion Agency (HPA) semiconductor industry technologies skills labour workforce semiconductor supply chains

60 entities participate in semiconductor technology investment networking event

The Hà Nội 2024 Semiconductor Industry Investment and Trade Promotion Exhibition has attracted the participation of around 60 booths showcasing products and technological solutions.

Economy

Hà Nội seeks ways to promote and invest in semiconductor industry: seminar

Semiconductor industry leaders, investors and technology providers gathered in the capital city of Hà Nội for a seminar focused on boosting investment and development in the industry.

Economy

2024 Hà Nội Semiconductor Investment Festival to start next week

The 2024 Hà Nội Semiconductor Investment Festival will take place next week, from July 29-31.

Economy

Special policies proposed to develop the semiconductor industry

The draft Law on Digital Technology Industry being developed by the Ministry of Information and Communications (MIC) for comments includes six chapters and 90 articles.

Market mixed as foreign bloc extends net selling

Economy

Binh Dương posts $10 billion in trade surplus this year

Economy

Indonesia extends safeguard duty for VN's plastic pellets

Economy

Manufacturing reports modest growth but trends are concerning

Economy

AirAsia announces five new routes to Việt Nam

Economy

M&A in Việt Nam: Navigating challenges in integration

More on this story

Economy

SHB earns almost VNĐ7 trillion profit in H1

In the second quarter alone, SHB recorded a pre-tax profit of VNĐ2.84 trillion, up 15 per cent over the same period last year. This was the highest profit in the second quarter ever for this bank.

Economy

HCM City to host international F&B exhibition

The 28th Vietfood & Beverage - Propack Vietnam will take place at the Saigon Exhibition and Convention Centre in HCM City from August 8-10.

Economy

Viettel Global reports profit of VNĐ1.2 trillion in Q2 2024

Revenue from sales and service provision reached nearly VNĐ8.7 trillion, a 27 per cent increase compared to Q2 2023, nearly five times the global telecommunications growth rate of six per cent (according to GSMA).

Economy

Business guide launched to support Mexican investors in Việt Nam

The 13-chapter document consists of information on Việt Nam's economy and foreign trade, updates on bilateral trade, potential sectors and products, useful tools related to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as contacts in Việt Nam.

Economy

ASEAN Online Sale Day 2024 to open in August

The 3-day event will be held at http://onlineasean.com, providing a unique platform for businesses and consumers across ASEAN to access special offers and unique products from all the ten member countries.

Economy

Seventh-month state budget revenue nears 70 per cent of yearly projection

State budget revenue was estimated at VNĐ1.18 quadrillion (US$46.7 billion) in seven months, or 68.9 per cent of the annual target, up 14.6 per year-on-year.

Economy

E-commerce sales expected to hit US$30 billion by year end

Nearly VNĐ800 billion ($31.65 million) worth of goods were sold on the country’s top five e-commerce platforms of Shopee, Lazada, Tiki, Sendo and Tiktok Shop every day, ITPC Deputy Director Hồ Thị Quyên quoted a report by market analysis firm Metric.

Economy

Việt Nam’s overseas investment reaches nearly $150.7 million in seven months

Vietnamese investors poured nearly $150.7 million into 12 sectors abroad in seven months.

Economy

Hà Nội’s OCOP products set sights on global markets

After more than five years of implementation, the 'One Commune, One Product' (OCOP) programme has significantly contributed to improving the income of Hà Nội's residents. Many OCOP products from Hà Nội are not only conquering the domestic market, but are also trying to reach international markets.