Skill mismatch an issue as Vietnam prepares surge in semiconductor, IC manpower

By Lien Thuong, Hai Yen
Fri, June 21, 2024 | 6:08 pm GMT+7

Vietnam has to resolve the issue of skill mismatches as it prepares a significant workforce increase for semiconductor, integrated circuit (IC) and quantum technology sectors, experts say.

The country has set a goal of training 50,000 semiconductor engineers by 2030, but it’s a fact that many graduates of well-known industrial engineering universities fail to meet practical requirements, said Assoc. Prof. Dr. Le Hoai Quoc, chairman of the Automation Association of Ho Chi Minh City (HAuA).

He was speaking at a conference on “Automation & Energy: The driver for smart manufacturing” held Thursday in the southern province of Binh Duong.

Assoc.Prof. Dr. Le Hoai Quoc, chairman of the Automation Association of Ho Chi Minh City, speaks at automation conference, in Binh Duong province, southern Vietnam, June 20, 2024. Photo courtesy of the event's organizer.

Assoc.Prof. Dr. Le Hoai Quoc, chairman of the Automation Association of Ho Chi Minh City, speaks at automation conference, in Binh Duong province, southern Vietnam, June 20, 2024. Photo courtesy of the event's organizer.

To deal with this problem, HAuA was trying to forge better connections between businesses with higher educational institutions, aiming to provide in-depth training that matches actual market place needs, Quoc said.

Vietnam lacks “policy counter-arguments” for the improvement of related laws, he said, adding that such conferences offered good opportunities for businesses and engineers to compare notes and initiate changes.

Nguyen Truong Thi, deputy director of the municipal Department of Trade and Industry, said that the local government was offering favorable conditions related to capital, infrastructure, human resource training and business matchmaking in order to help firms access latest technologies.

Binh Duong has been strengthening automation in non-manufacturing sectors and ensuring efficient use and management of energy in the transition to smart production transition, Thi stressed.

Binh Duong is slated to host the Automation World Vietnam 2024 and the Electric Energy Show 2024 - ELECS 2024 exhibitions in September this year. The events are expected to draw 150 firms, including big names like Daekhon Vina, Autonic, Evvolabs, LS Electric and Hanyoung Nux.

So far this year (as of May 15), Binh Duong had welcomed 74 foreign-invested projects with $341 million, resulting in an accumulated 4,300 FDI projects valued at $40.6 billion from 65 countries and territories, coming third nationwide behind Ho Chi Minh City and Hanoi.

Comments (0)
  • Read More
US senior diplomat arrives in Vietnam following Putin’s visit

US senior diplomat arrives in Vietnam following Putin’s visit

U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel J. Kritenbrink will be in Hanoi on Friday and Saturday, one day after Russian President Vladimir Putin wrapped up a two-day Vietnam visit.

Politics - Fri, June 21, 2024 | 4:31 pm GMT+7

Industrial real estate in northern, southern Vietnam cater to different investor needs

Industrial real estate in northern, southern Vietnam cater to different investor needs

While industrial real estate is set to grow throughout the country in the coming years, there are marked differences in how different regions cater to investor needs, industry insiders say.

Industrial real estate - Fri, June 21, 2024 | 3:59 pm GMT+7

Vietnam fruit and vegetables exports surge 28% to top $3 bln in H1

Vietnam fruit and vegetables exports surge 28% to top $3 bln in H1

Durian, dragon fruit, banana and longan led the fray as Vietnam’s fruit and vegetable exports surged 28% year-on-year to reach $3.4 billion in the first half this year (H1/2024).

Economy - Fri, June 21, 2024 | 3:23 pm GMT+7

Software and digital services become mainstays of business success: Bosch exec

Software and digital services become mainstays of business success: Bosch exec

By the end of the decade, Bosch wants to generate sales running into the billions from software. For quite some time now, Bosch has been a software company, said Dr. Stefan Hartung, chairman of the Bosch board of management, at the Bosch Tech Day 2024 in Renningen, Germany on Thursday.

Companies - Fri, June 21, 2024 | 1:53 pm GMT+7

Vietnam remains on US Treasury Department 'monitoring list'

Vietnam remains on US Treasury Department 'monitoring list'

Vietnam, as a major trading partner of the U.S., remains on the U.S. Treasury Department’s “monitoring list,” the department affirmed in its June 2024 report to Congress.

Economy - Fri, June 21, 2024 | 11:29 am GMT+7

Vietnam can become partner in US friendshoring strategy: Treasury Secretary Yellen

Vietnam can become partner in US friendshoring strategy: Treasury Secretary Yellen

The United States sees Vietnam as a country that could be part of its friendshoring strategy to diversify supply, said U.S. Treasury Secretary Janet Yellen while addressing a Thursday press conference in Atlanta, Georgia.

Economy - Fri, June 21, 2024 | 10:35 am GMT+7

Two listed cassava starch exporters report contrasting business performances

Two listed cassava starch exporters report contrasting business performances

The business performances of the only two listed cassava starch exporters, Quang Ngai Agricultural Products and Foodstuff JSC (APFCO) and Yen Bai Joint-Stock Forest Agricultural Products and Foodstuff Company, have moved in opposite directions.

Companies - Fri, June 21, 2024 | 10:20 am GMT+7

Realty giant Phat Dat nets $52.7 mln from public offering for project development

Realty giant Phat Dat nets $52.7 mln from public offering for project development

Phat Dat Real Estate Development Corp, one of the leading property developers in Vietnam, has successfully raised VND1.34 trillion ($52.72 million) through a public offering to finance various projects.

Companies - Fri, June 21, 2024 | 9:35 am GMT+7

High-speed HCMC-Long Thanh boat link can ‘transform’ local lifestyle, boost tourism: RMIT experts

High-speed HCMC-Long Thanh boat link can ‘transform’ local lifestyle, boost tourism: RMIT experts

Integrating high-speed boats into HCMC’s transportation framework will have impacts extending beyond convenience, significantly boosting the local economy, particularly the tourism and retail sectors, say experts with RMIT Vietnam.

Opinion - Fri, June 21, 2024 | 8:08 am GMT+7

Vietnam, Russia issue joint statement on deepening comprehensive strategic partnership

Vietnam, Russia issue joint statement on deepening comprehensive strategic partnership

Vietnam and Russia have issued a Joint Statement on deepening their comprehensive strategic partnership, building on the achievements of the three-decade implementation of their Treaty on Principles of Friendly Relations.

Politics - Fri, June 21, 2024 | 6:55 am GMT+7

Most shoppers influenced to buy items not on groceries shopping list: expert

Most shoppers influenced to buy items not on groceries shopping list: expert

Many Vietnamese shoppers are frequenting convenience locations or channels offering best prices and promotions to make impulse purchases, says Shadab Ansari, consumer and marketing insights director with market research firm NIQ.

Economy - Thu, June 20, 2024 | 10:53 pm GMT+7

Dak Lak churns out top-quality cocoa products

Dak Lak churns out top-quality cocoa products

Experts say that Dak Lak has the best cocoa in the country because of its ideal soil and climatic conditions for growing cacao.

Companies - Thu, June 20, 2024 | 10:45 pm GMT+7

From beans to brews: strategic approaches driving cafe chain success

From beans to brews: strategic approaches driving cafe chain success

Lai Tien Manh, CEO of Mibrand Vietnam, and Luong The Quyen, general manager of Brand Finance Vietnam, talked about the ever-changing trends within the coffee chain industry.

Companies - Thu, June 20, 2024 | 10:42 pm GMT+7

Vietnam, Russia to deepen Comprehensive Strategic Partnership, sign 11 cooperation documents

Vietnam, Russia to deepen Comprehensive Strategic Partnership, sign 11 cooperation documents

Vietnamese and Russian leaders have agreed on major strategies to further strengthen the Comprehensive Strategic Partnership between the two countries.

Politics - Thu, June 20, 2024 | 6:21 pm GMT+7

Vietnam, Russia further cooperate in education, nuclear, oil and gas

Vietnam, Russia further cooperate in education, nuclear, oil and gas

Vietnamese President To Lam and Russian counterpart Vladimir Putin have witnessed the signing and exchange of 11 cooperation agreements between the two countries' ministries and agencies following their official talks on Thursday.

Politics - Thu, June 20, 2024 | 6:11 pm GMT+7

Vietnam to grow 5.85-6%, may miss official target: think tank

Vietnam to grow 5.85-6%, may miss official target: think tank

Vietnam’s GDP will grow by between 5.85% and 6.01% this year and could miss the government’s target of 6-6.5%, researchers with a leading think tank have forecast.

Economy - Thu, June 20, 2024 | 5:09 pm GMT+7