Vietnam seeks US investment in semiconductor industry
The U.S. Semiconductor Industry Association (SIA) should call on businesses to expand their investments in Vietnam, Deputy Prime Minister Le Minh Khai said to SIA president and CEO John Neuffer on Thursday.

Deputy Prime Minister Le Minh Khai (left) meets with John Neuffer, president and CEO of the Semiconductor Industry Association, in Hanoi on January 12, 2023. Photo courtesy of the Vietnamese government's portal.
At their meeting in Hanoi, the Deputy PM said the SIA executive’s Vietnam visit as part of a Southeast Asia survey held importance. "It is also the start of cooperation between the Vietnamese government and SIA, pushing Vietnam’s participation in the global semiconductor supply chain," Khai added.
The official emphasized Vietnam’s preferential policies for high-tech industries, particularly the semiconductor sector. High-tech businesses are subject to low corporate income tax (CIT) of 5% in 37 years, tax exemption in six years, and 50% tax reduction in the next 13 years. They can also enjoy an exemption of land and water surface lease fees for 22 years and 75% reduction for the remaining period, Khai noted.
Vietnam has already established high-tech parks in Hanoi, Ho Chi Minh City, and the central city of Danang, three of the country's economic hubs, in a move to facilitate research and development, high-tech incubation, investment attraction, and human resource training, the deputy prime minister added.
Khai noted that Vietnam, with its high-quality workforce, has already attracted top players like Intel, Samsung, Foxconn, Amkor, and LG.
Neuffer said U.S. businesses are re-building to re-stabilize the global semiconductor supply chain, including further utilization of “friendly countries.” He hopes Vietnam with its resources would play a more and more important role in the U.S.’s global semiconductor supply chain.
Neuffer said he expected U.S. top semiconductor producers would set up headquarters and recruit staff in Vietnam.
Vietnam has been attracting foreign investments in chip design and production. At the inauguration of Samsung's $220-million research and development center in Hanoi on December 23 last year, PM Pham Minh Chinh urged the electronics giant to start producing chips in Vietnam from July 2023.
In October 2022, Saigon Hi-Tech Park (SHTP) in HCMC debuted a chip design center to cash in on demand for semiconductors. The center, including a chip design lab, is a key step in developing the semiconductor industry in the country, the SHTP management board said.
In August 2022, Deputy Minister of Information and Communications Pham Duc Long told Oh Hyung Kwon, Qualcomm senior vice president and president of Asia-Pacific, that Vietnam was willing to create the best conditions for the U.S. wireless technology giant to build chip research, development and testing facilities in the country.
U.S.-based Amkor Technology Inc., a global semiconductor product packaging and test services provider, is investing as much as $1.6 billion until 2035 to build a state-of-the-art facility in Bac Ninh province, northern Vietnam, as an important part of the American corporation’s worldwide network.
Intel has received an investment certificate for $1.2 billion to manufacture chips in HCMC. The HCMC unit is Intel’s third chip factory in the world, besides those in Scotland and Israel, and is set to supply 20% of the global demand for chips, according to Vietnam’s Association of Foreign Invested Enterprises (VAFIE) chairman Prof. Nguyen Mai.
- Read More
VinEnergo launches rooftop solar, battery storage projects in central Vietnam
VinEnergo Energy Joint Stock Company has signed MoUs to install rooftop solar power systems integrated with battery energy storage systems (BESS) with the VinFast automobile plant and two battery factories in the central province of Ha Tinh.
Companies - Sat, August 9, 2025 | 10:21 am GMT+7
Indonesia doubles lithium imports to boost EV battery production
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realize its ambition of becoming a global EV manufacturing hub.
Southeast Asia - Sat, August 9, 2025 | 10:18 am GMT+7
Optimism rises for Thailand’s economy after US tariff cut
Thailand’s private sector has lifted its 2025 GDP growth forecast to 1.8-2.2%, up from the previous 1.5-2%, following the U.S. decision to reduce import tariffs on Thai goods from 36% to 19%.
Southeast Asia - Sat, August 9, 2025 | 10:16 am GMT+7
Foreign investors make up 4.27% of Vietnamese G-bonds trading value in July
Foreign investors accounted for 4.27% of the total trading value of Vietnamese government bonds (G-bonds) in July, with net buying at VND298 billion (nearly 11.4 million).
Finance - Sat, August 9, 2025 | 10:08 am GMT+7
Vietnam developer Taseco Land plans private share placement following HCMC bourse debut
Shortly after its listing on the Ho Chi Minh Stock Exchange (HoSE) as TAL, Taseco Land, a subsidiary of Vietnam’s conglomerate Taseco Group, is seeking shareholder approval for a private share placement targeted at professional investors.
Companies - Sat, August 9, 2025 | 8:00 am GMT+7
Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August
The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.
Energy - Fri, August 8, 2025 | 4:18 pm GMT+7
Software giant SAP invests $175 ml in R&D center in Vietnam
German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.
Industries - Fri, August 8, 2025 | 3:43 pm GMT+7
Carlsberg’s Phu Bai Brewery expansion in central Vietnam set to start brewing late this month
The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of nearly $90 million, has entered trial runs and is scheduled to be inaugurated and begin full-scale production in late August.
Industries - Fri, August 8, 2025 | 2:43 pm GMT+7
Indonesia promotes nickel-based EV battery production
Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.
Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7
BRICS countries account for over 35% of Malaysia’s total foreign trade turnover
Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).
Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7
Vietnam consumer finance major F88’s stock hits ceiling price on UPCoM debut
The stock of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, hit its ceiling price of VND888,800 ($34) on Friday, the first day of trading on the Unlisted Public Companies Market (UPCoM).
Companies - Fri, August 8, 2025 | 1:32 pm GMT+7
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7