US willing to help Vietnam’s Danang city join semiconductor supply chain

By Tri Duc
Mon, January 15, 2024 | 11:04 am GMT+7

The U.S. is willing to help Vietnam in general and the central city of Danang in particular to develop its semiconductor sector and further integrate into the global supply chain, said U.S. Ambassador to Vietnam Marc Knapper.

The ambassador made the statement at a meeting last Saturday with Danang authorities, while lauding the city’s preparation for their cooperation, especially collaboration among training facilities. The U.S. is looking for authority-authority, business-business, and university-university cooperation in the semiconductor sector, which could help attract American businesses to invest and expand their activities in Vietnam, he added.

To establish a semiconductor ecosystem and attract investments, Danang should focus on developing and training its workforce, building infrastructure, and improving access to renewable energy, the diplomat emphasized.

Marc. E. Knapper (center, left), U.S. Ambassador to Vietnam, and Ho Ky Minh (center, right), at a meeting in Danang, January 13, 2024. Photo courtesy of Danang news portal.

Marc. E. Knapper (center, left), U.S. Ambassador to Vietnam, and Ho Ky Minh (center, right), at a meeting in Danang, January 13, 2024. Photo courtesy of Danang news portal.

For his part, Danang Vice Chairman Ho Ky Minh urged the diplomat to help the city connect with U.S. semiconductor businesses, focusing on assembling, testing, and packaging (ATP).

Danang launched a research & development center for chip design and artificial intelligence (AI) in December 2023 in a move to facilitate international cooperation in the sector, Minh highlighted.

At the meeting, representatives of universities in Danang also expressed their willingness to cooperate with U.S. partners on semiconductor courses in order to fulfill the city’s goal of training 10,000 staff for the sector by 2030.

In November 2023, Synopsys, a leading chip business based in California, and the authorities of Vietnam’s central city of Danang, signed a memorandum of understanding (MoU) on workforce training for the semiconductor industry. The agreement was signed in San Francisco, on the sidelines of Vietnamese President Vo Van Thuong’s working trip to the U.S. to attend the APEC 2023 summit.

According to the MoU, Synopsis will support Danang IC Design Incubation Center, particularly in connecting engineers trained at the center with job opportunities at domestic and foreign semiconductor businesses. The cooperation is part of Danang’s efforts to reform its economic model, with a focus on high-technology, information technology, innovation, smart city, digital economy, and digital governance

Comments (0)
  • Read More
Central Vietnam hub Danang deepens cooperation with Maersk on Lien Chieu port, logistics

Central Vietnam hub Danang deepens cooperation with Maersk on Lien Chieu port, logistics

Danang is stepping up cooperation with A.P. Moller-Maersk to accelerate the development of its Lien Chieu port and expand logistics capabilities, as the central Vietnam city seeks to strengthen its role in regional supply chains.

Infrastructure - Tue, April 28, 2026 | 8:00 am GMT+7

Sun Group starts work on Phan Thiet airport project in central Vietnam

Sun Group starts work on Phan Thiet airport project in central Vietnam

Vietnamese private conglomerate Sun Group on Monday broke ground on the civil aviation component of Phan Thiet Airport in Lam Dong, marking an infrastructure boost for the central province.

Infrastructure - Mon, April 27, 2026 | 11:53 pm GMT+7

HCMC okays projects totalling $1.23 bln at flagship hi-tech park

HCMC okays projects totalling $1.23 bln at flagship hi-tech park

Ho Chi Minh City authorities have granted investment registration certificates for four high-tech projects worth a combined $1.23 billion at the city's flagship innovation hub, reinforcing its position as a leading destination for digital and green economy investments.

Industries - Mon, April 27, 2026 | 5:47 pm GMT+7

Amkor eyes further expansion in Bac Ninh province as Vietnam's semiconductor push gathers pace

Amkor eyes further expansion in Bac Ninh province as Vietnam's semiconductor push gathers pace

Amkor Technology is looking to further invest in its major production base in Vietnam's northern province of Bac Ninh, underscoring growing confidence in the country’s role in the semiconductor supply chain.

Industries - Mon, April 27, 2026 | 5:40 pm GMT+7

Vietnam banks chase record profits despite tighter credit caps squeezing growth

Vietnam banks chase record profits despite tighter credit caps squeezing growth

Vietnam’s 2026 annual general meeting (AGM) season for banks is closing with a clear paradox: lenders are targeting record profits worth tens of trillions of dong (VND10 trillion = $379.38 million), while the key growth driver – credit expansion – is being tightened.

Banking - Mon, April 27, 2026 | 1:23 pm GMT+7

Goertek Vina injects extra $20 mln into northern Vietnam plant

Goertek Vina injects extra $20 mln into northern Vietnam plant

Goertek Technology Vina Company Limited, a subsidiary of Chinese electronics giant Goertek, plans to pour an additional over VND527 billion ($20 million) into its project in Vietnam's northern province of Bac Ninh.

Industries - Mon, April 27, 2026 | 1:04 pm GMT+7

SK Group eyes AI data center tied to $2 bln LNG power project in central Vietnam

SK Group eyes AI data center tied to $2 bln LNG power project in central Vietnam

South Korea’s SK Group is stepping up its presence in Vietnam with plans to develop an AI data center linked to the Quynh Lap LNG-to-power project in Nghe An province, as it pushes its “AI full-stack” strategy overseas.

Industries - Mon, April 27, 2026 | 9:45 am GMT+7

State divestment from Viglacera to be delayed

State divestment from Viglacera to be delayed

The Ministry of Construction will postpone plans to divest state capital from Viglacera (HoSE: VGC) - Vietnam's leading construction material producer and industrial real estate developer, citing valuation challenges and the need to safeguard state assets, a senior official said.

Companies - Mon, April 27, 2026 | 8:05 am GMT+7

Many Vietnamese firms post surging Q1 profits, some up dozens of times year-on-year

Many Vietnamese firms post surging Q1 profits, some up dozens of times year-on-year

First-quarter 2026 earnings at many Vietnamese companies rose sharply despite market volatility, with some firms reporting profits dozens of times higher than a year earlier.

Companies - Mon, April 27, 2026 | 8:00 am GMT+7

Central Vietnam province approves conversion of production forest land for Sun Group's $254 mln urban project

Central Vietnam province approves conversion of production forest land for Sun Group's $254 mln urban project

Authorities of Quang Ngai province have approved the conversion of nearly 83 hectares of production forest land for the development of an urban area project backed by real estate giant Sun Group.

Real Estate - Sun, April 26, 2026 | 1:46 pm GMT+7

Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Ex-banking tycoon Tram Be re-emerges in infrastructure projects in southern Vietnam

Tram Be, once a famous banking tycoon in Vietnam, has resurfaced in the corporate arena, appearing as a representative of Ham Giang Construction Co. Ltd. at a working session with Vinh Long province authorities on Thursday.

Companies - Sun, April 26, 2026 | 8:09 am GMT+7

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

Techcombank keeps real estate bad debt below 1%, fully recovers principal: chairman

The chairman of Techcombank said the lender has maintained non-performing loans (NPLs) in the real estate segment below 1%, with full principal recovery even on impaired loans.

Banking - Sun, April 26, 2026 | 8:00 am GMT+7

Posco invests $282 mln in battery materials plant in northern Vietnam

Posco invests $282 mln in battery materials plant in northern Vietnam

South Korean conglomerate Posco will invest a $282 million battery materials project in Vietnam's northern province of Thai Nguyen, marking its first overseas project in the artificial graphite segment.

Industries - Sat, April 25, 2026 | 10:13 pm GMT+7

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

Hyundai Rotem eyes Vietnam's North-South high-speed railway project

South Korea’s Hyundai Rotem is seeking to expand its footprint in Vietnam’s rail sector, including potential participation in the country’s planned North-South high-speed railway.

Infrastructure - Sat, April 25, 2026 | 6:58 pm GMT+7

Masan shares undervalued by 60%: CEO

Masan shares undervalued by 60%: CEO

Masan Group’s MSN shares are trading at a steep discount to intrinsic value and the corporation targets stronger cash generation over the next decade, said CEO Danny Le.

Companies - Sat, April 25, 2026 | 2:33 pm GMT+7

Vietcombank aims to complete private placement in 2026

Vietcombank aims to complete private placement in 2026

The chairman of Vietcombank said the state-controlled lender is working with potential investors and is in detailed negotiations, with a view to executing a private placement in 2026, subject to market conditions.

Banking - Sat, April 25, 2026 | 9:35 am GMT+7