Vietnam’s semiconductor industry should leverage its unique strengths to move towards self-sufficiency and meet domestic demand for applications that do not require high-cost, state-of-the-art chips, said Dr. Nguyen Ngoc Mai Khanh, senior manager at Marvell Vietnam, in an interview with The Saigon Times Drivers for the semiconductor industry The Saigon Times: A recent article by The Diplomat highlights several advantages Vietnam has in the semiconductor industry, including political stability, a young workforce, strategic neutrality, and solid diplomatic ties with key partners. What is your view on these points? What do you think are the true strengths of Vietnam’s semiconductor industry? Dr. Nguyen Ngoc Mai Khanh: Vietnam has notable strengths in the semiconductor industry. The Government recently projected that GDP in 2024 would expand by 7%, above the National Assembly-approved target of 6-6.5%, positioning Vietnam among the fastest-growing economies in the region and the world. This economic momentum, coupled with political stability and a young, plentiful workforce, is highly advantageous for the semiconductor sector. The political consistency and predictability make Vietnam attractive to investors. According to the World Semiconductor Trade Statistics (WSTS), the global semiconductor market is projected to reach US$565 billion in 2024. The United Nations Population Fund (UNFPA) reports […]
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