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
Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden’s Bulten and China’s ZJK Precision Parts will jointly manufacture micro screws in Vietnam, targeting production from 2025, the former said Wednesday.

Industries - Fri, December 20, 2024 | 12:02 pm GMT+7

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.

Industries - Fri, December 20, 2024 | 11:51 am GMT+7

Supply of apartment units in Vietnam may rise 33% next year: expert

Supply of apartment units in Vietnam may rise 33% next year: expert

Vietnam’s property market is expected to see the entry of 35,000-40,000 apartment units in 2025, up 33% from 2024, says Duong Thuy Dung, executive director, head of professional services at CBRE Vietnam.

Real Estate - Fri, December 20, 2024 | 9:23 am GMT+7

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.

Economy - Fri, December 20, 2024 | 8:17 am GMT+7

Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Doan Hoang Anh, daughter of HAGL chairman Doan Nguyen Duc, has registered to purchase 1 million HAGL shares amid a 20% increase in the stock’s value over the past three months.

Companies - Thu, December 19, 2024 | 9:38 pm GMT+7

Property giant Vinhomes raises additional $157 mln in bonds

Property giant Vinhomes raises additional $157 mln in bonds

Leading housing developer Vinhomes successfully raised VND4 trillion ($157 million) in private placement bonds on Tuesday, according to the Hanoi Stock Exchange (HNX).

Companies - Thu, December 19, 2024 | 9:28 pm GMT+7

E-visas available at all Thai embassies, consulates from January 1, 2025

E-visas available at all Thai embassies, consulates from January 1, 2025

Intending visitors to Thailand will be able to apply online for an e-visa at Thai embassies and consulates worldwide from January 1, 2025.

Southeast Asia - Thu, December 19, 2024 | 8:04 pm GMT+7

Indonesia rolls out $51.65 bln stimulus package for 2025

Indonesia rolls out $51.65 bln stimulus package for 2025

The Indonesian government has unveiled a series of economic stimulus packages totaling Rp827 trillion ($51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.

Southeast Asia - Thu, December 19, 2024 | 8:03 pm GMT+7

Malaysia accelerates electric vehicle growth

Malaysia accelerates electric vehicle growth

Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation.

Southeast Asia - Thu, December 19, 2024 | 8:00 pm GMT+7

EV maker VinFast plans $140 mln resort project in northern Vietnam

EV maker VinFast plans $140 mln resort project in northern Vietnam

VinFast, an electric vehicle maker under Vietnam’s private conglomerate Vingroup, seeks to build a resort-recreation-park project worth VND3.5 trillion ($137.5 million) in the northern coastal city of Hai Phong.

Real Estate - Thu, December 19, 2024 | 7:57 pm GMT+7

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese direct investment in Vietnam has traditionally focused on the manufacturing sector and it is now transitioning toward green energy, electronics, and automobiles.

Industries - Thu, December 19, 2024 | 4:30 pm GMT+7

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

British oil-gas giant BP seeks to help the Cong Thanh coal-fired power project in Thanh Hoa province with its transition into an LNG-fired plant, said Chris Bramley, vice president of integrated gas & power at BP.

Energy - Thu, December 19, 2024 | 3:48 pm GMT+7

Vietnam refinery operator BSR plans listing in Jan next year

Vietnam refinery operator BSR plans listing in Jan next year

Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, plans to list its shares on the Ho Chi Minh Stock Exchange (HoSE) on January 17, 2025.

Companies - Thu, December 19, 2024 | 3:23 pm GMT+7

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The famtrip “Journey to Paradise Island” from December 4-6, 2024 has brought Phu Quoc to the center of attention of the tourism industry in the world.

Travel - Thu, December 19, 2024 | 2:10 pm GMT+7

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.

Banking - Thu, December 19, 2024 | 11:59 am GMT+7

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.

Companies - Thu, December 19, 2024 | 11:32 am GMT+7