HCMC – U.S. businesses are showing growing interest in Vietnam’s semiconductor industry, underscoring the strengthening ties between the two nations, said John Neuffer, president and CEO of the Semiconductor Industry Association (SIA).
Prime Minister Pham Minh Chinh had a meeting in Hanoi on December 10 with a delegation from the SIA, led by Neuffer. The delegation included leaders from major technology companies such as Intel, Ampere, Marvell, Cirrus Logic, Infineon, and Skyworks, according to the Vietnam News Agency.
Within the framework of the Vietnam-U.S. comprehensive strategic partnership, innovation, particularly the semiconductor industry, has been identified as an important new pillar in the bilateral relationship, said Prime Minister Pham Minh Chinh.
He urged the SIA to continue encouraging U.S. corporations to deepen their cooperation and investment in Vietnam in fields, such as semiconductors, artificial intelligence, and cloud computing.
The Vietnamese leader also asked the President and SIA member companies to advocate with the U.S. government for the continued strengthening of relations with Vietnam, including the early recognition of Vietnam as a market economy and the removal of restrictions on high-tech exports to Vietnam.
Neuffer affirmed that Vietnam is an attractive destination for investors. He praised Vietnam’s initiatives to advance its semiconductor sector, particularly the Government’s strategy to develop the industry and its training programs aimed at producing at least 50,000 semiconductor engineers.
The SIA President noted that both SIA members and U.S. businesses are deeply interested in the development of Vietnam’s semiconductor industry, aiming to strengthen its supply chain and contribute to further enhancing the bilateral relations between the two countries.
On the same day, PM Pham Minh Chinh also met with David Petraeus, co-owner of KKR, a global investment firm managing assets worth US$528 billion. KKR has invested over US$2 billion in Vietnam through partnerships with companies like Masan, Vinhomes, Equest, KiotViet, and, most recently, Saigon Medical Group (MSG).
Petraeus assured the Prime Minister that KKR plans to expand its presence in Vietnam and continue fostering partnerships in key sectors.
