Vietnam semiconductor workforce meets just 20% of industry demand: academic
Vietnam faces a significant shortage of semiconductor workers, with the country currently meeting just 20% of actual demand, said a senior academic.
Citing a report by the Center of Forecasting Manpower Needs and Labor Market Information Ho Chi Minh City (FALMI), Nguyen Thanh Mai, deputy director of the Vietnam National University-HCMC, stressed that only 20% of the country's existing engineers were qualified to work in high-tech sectors, with the remainder requiring further training.
Speaking at a forum on global cooperation in semiconductor workforce development held in Hanoi on Friday, Mai outlined some of the main challenges facing Vietnam’s semiconductor sector.
These include a shortage of skilled trainers and experts, outdated laboratory facilities, weak collaboration between companies and universities, and limited public awareness of the industry.
Do Thi Thu Huong, government affairs manager at Intel Vietnam, recommended that the Vietnamese government strengthen its partnerships with companies and educational institutions to bolster the domestic semiconductor workforce.
She also emphasized the need to develop and customize educational programs based on industry input, supported by government funding and resources.
Huong proposed the government provide assistance to semiconductor firms in hiring interns through scholarships and internship programs. Moreover, universities and companies should collaborate and jointly implement innovation projects.
She shared that Intel has so far supported the training of 8,000-10,000 semiconductor engineers in Vietnam through various programs.
Yeonsang Park, director of the Inter-University Semiconductor Research Center at South Korea’s Chungnam University, suggested the Vietnamese government build closer ties with global companies and foster strong connections between universities and industry.
Prof. Laurent El Ghaoui, dean of the College of Engineering & Computer Science at Hanoi-based VinUniversity, proposed that business associations form an alliance to promote the development of Vietnam’s semiconductor workforce.
Vietnam is estimated to need 30,000-50,000 semiconductor engineers by 2030. In October 2023, the government said it planned to train between 50,000 and 100,000 highly skilled workers in the 2025-2030 period as the country prepared for a fresh investment wave into the semiconductor industry.
- Read More
Vietnam faces complex challenge as counterfeits shift to cyberspace
Even as the prevalence of counterfeit goods in traditional markets has dropped significantly, their online presence has become a growing concern, says Nguyen Ngoc Ty, CEO of Non Son Fashion Company Limited, a company dedicated to producing and selling hats and helmets.
Economy - Wed, November 13, 2024 | 7:21 pm GMT+7
Japan food firm Kyokuyo completes $14 mln factory in southern Vietnam
Kyokuyo Vina Foods Co., Ltd., under Japan’s food firm Kyokuyo, has completed the construction of a JPY2.1 billion ($13.5 million) factory, its first facility in Vietnam.
Companies - Wed, November 13, 2024 | 4:23 pm GMT+7
StanChart arranges $100 million syndicated loan for Vietnam-based Stavian Chemical
Standard Chartered Vietnam has acted as the sole mandated lead arranger and bookrunner in a $100 million maiden offshore syndicated loan transaction for Stavian Chemical JSC.
Banking - Wed, November 13, 2024 | 4:19 pm GMT+7
Vietnam dong hits historic low
The Vietnamese dong (VND) has reached a historic low against the U.S. dollar (USD) as the greenback continues strengthening on the international market.
Banking - Wed, November 13, 2024 | 3:48 pm GMT+7
Vietnam gov't seeks parliamentary green light for colossal high-speed railway project
An ambitious plan to build a transnational high-speed railway route has been proposed to the Vietnamese parliament for approval amid concerns about the project’s financial feasibility.
Infrastructure - Wed, November 13, 2024 | 3:19 pm GMT+7
Climate change can cut Asia-Pacific GDP by 16.9%, Vietnam by 30%: ADB
By 2070, climate change under a high-end emissions scenario can cause a total loss of 16.9% of GDP across the Asia-Pacific region, the Asian Development Bank (ADB) has said in its “Asia-Pacific Climate Report 2024.”
Economy - Wed, November 13, 2024 | 3:11 pm GMT+7
Japan beverage maker Suntory sees Jan-Sept Vietnam revenue rise to $749 mln
Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage Co. Ltd., earned in-country revenues of JPY116 billion ($749.2 million) in the first nine months of this year.
Companies - Wed, November 13, 2024 | 2:18 pm GMT+7
EV maker VinFast secures extra $3.4 bln funding from founder, Vingroup
VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, is set to receive financial aids of VND85 trillion ($3.36 billion) from its parent firm and Vingroup chairman-founder Pham Nhat Vuong.
Companies - Wed, November 13, 2024 | 10:54 am GMT+7
Vietnam gov’t proposes nuclear power project revival as energy demand surges
The Vietnamese government has proposed resuming the nuclear power project and accelerating offshore wind power development as energy demand is forecast to grow by two-digit rates to accommodate economic growth.
Energy - Wed, November 13, 2024 | 10:41 am GMT+7
Bamboo Capital at 13: deep roots, towering shoots
Vietnamese firm Bamboo Capital began its journey in 2011 as a small but promising startup. Thirteen years later, it has grown into a powerful multi-sector conglomerate.
Bamboo Capital - Wed, November 13, 2024 | 8:58 am GMT+7
Vietnam media giant YeaH1 profits handsomely from TV shows, divestments
YeaH1 Group, a leading media and entertainment company in Vietnam, reported an impressive profit in the first nine months of the year as also surging stock prices.
Companies - Wed, November 13, 2024 | 8:39 am GMT+7
Korea’s digital twin firm The PICT expands Asian presence with Vietnam branch
The PICT, a South Korean AI-driven digital twin and immersive content company, has established GEO Impact, its new branch in Ho Chi Minh City, Vietnam’s southern economic hub.
Companies - Wed, November 13, 2024 | 8:14 am GMT+7
Vietnam GDP can grow 6.7% or more in 2025: HDBank exec
Vietnam’s GDP growth in 2025 could reach 6.7% or more, says Tran Hoai Nam, deputy general director of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).
Economy - Wed, November 13, 2024 | 7:26 am GMT+7
Indonesia calls on US investors to support sustainable growth
Indonesian President Prabowo Subianto has urged U.S. business leaders to prioritize environmental, social, and governance (ESG) principles when investing in his country.
Southeast Asia - Wed, November 13, 2024 | 12:46 am GMT+7
Grab raises annual revenue forecast
Singapore's Grab Holdings has raised its forecast for fiscal 2024 revenue, as the firm anticipates robust growth in its food delivery and ride-hailing business services during the busy holiday season.
Southeast Asia - Wed, November 13, 2024 | 12:44 am GMT+7
Thai baht lags behind peers on concerns over central bank's autonomy
Thailand’s currency has fallen the most among Asian peers on investor concerns that the independence of the country’s central bank is being further eroded.
Southeast Asia - Wed, November 13, 2024 | 12:42 am GMT+7