Vietnam 'sometimes' lacks electricity supply for semiconductor sector: gov’t
Vietnam’s electricity supply for the semiconductor sector is insufficient “in some locations sometimes,” the government admitted in a dispatch issued on Monday.
According to the document regarding a December meeting of the cabinet on developing the semiconductor sector, the power shortage is part of the lackluster infrastructure for training, research & development (R&D) and manufacturing activities in this field.
Intel factory in Ho Chi Minh City. Photo courtesy of VietNamNet newspaper.
The government also pointed out other issues namely the shortage of high-quality workforce, security policies restricting international cooperation, and high capital demand.
It said it aims to boost the ties with major semiconductor businesses, such as Intel, Samsung, Amkor and Hana Micron to enhance Vietnam’s participation in the global supply chain.
The government also set a target of “harmonically” developing the semiconductor sector in line with the balanced ties with superpowers; focusing on developing designing, testing, and packaging centers; and striving to have semiconductor fabrication plants in the future.
Vietnam now hosts 174 foreign-invested projects in the semiconductor sector, with a total registered capital of nearly $11.6 billion, Minister of Planning and Investment Nguyen Chi Dung said in December.
The country currently has no semiconductor fabrication plant, while several chip giants like Intel, Amkor Technology, and Hana Micron have operational assembly, packaging and testing (APT) plants here.
According to Vietnam's semiconductor development strategy until 2030, with a vision for 2050, Vietnam has set a target of having 10 APT factories by 2030 as the country seeks to deepen its engagement in the global supply chain.
- Related News
- Read More
UAE retail giant explores investment opportunities in central Vietnam
LuLu Group International of the United Arab Emirates (UAE), a retail conglomerate operating more than 280 supermarkets across 22 countries, is exploring opportunities to expand business cooperation in Dak Lak province, central Vietnam.
Industries - Sat, June 6, 2026 | 4:23 pm GMT+7
S Korea’s LG Innotek expands semiconductor substrate plant in northern Vietnam
LG Innotek, the electronic components arm of LG, will expand its semiconductor substrate manufacturing facility in the northern port city of Hai Phong, reinforcing Vietnam’s role in the company’s strategic “dual-hub” manufacturing model for its package solutions business.
Industries - Sat, June 6, 2026 | 9:48 am GMT+7
PV Gas expands strategic partnerships with leading Southeast Asian energy firms
PV Gas, a subsidiary of state-owned Petrovietnam, has signed cooperation agreements with leading regional energy companies, including Thailand's PTT Public Company Limited and the Philippines's Petron Corporation, as the firm seeks to strengthen its position in Southeast Asia's LNG and LPG markets.
Companies - Sat, June 6, 2026 | 9:04 am GMT+7
Savico chairman says major shareholders have no divestment plans
SavicoThe chairman of Vietnam's largest automotive distributor Savico said the company has withdrawn a planned share issuance to existing shareholders after its major shareholders indicated they had no intention of reducing their stakes.
Companies - Fri, June 5, 2026 | 8:13 pm GMT+7
Priced for crisis, primed for growth: Vietnam’s bifurcated stock market
The VN-Index is trading at a 13x forward P/E valuation versus 15% expected earnings growth in 2026, but over 70% of the market is trading at below a 10x P/E, a valuation which is consistent with past crisis conditions, writes Michael Kokalari, chief economist at VinaCapital.
Consulting - Fri, June 5, 2026 | 4:56 pm GMT+7
Retail sales surge as major chains post strong profit growth
Vietnam's retail sector posted stronger-than-expected growth in Q1/2026, supported by government stimulus measures, improving disposable incomes, and a continued shift toward modern retail channels.
Companies - Fri, June 5, 2026 | 3:50 pm GMT+7
Vietnam seeks transparent, internationally aligned framework for crypto asset market: Deputy PM
Vietnam aims to develop a transparent and secure crypto asset market in line with international standards, Deputy Prime Minister Nguyen Van Thang said during a meeting with Ben Zhou, co-founder and CEO of Bybit - a major global cryptocurrency exchange headquartered in Dubai.
Finance - Fri, June 5, 2026 | 1:26 pm GMT+7
Vietnam stocks await MSCI review, earnings season for fresh momentum in June
Vietnam's stock market may find support later this month from a potential market status upgrade-related review by MSCI and the upcoming half-year earnings season, after entering June on a cautious note amid weakening liquidity and persistent foreign selling.
Finance - Fri, June 5, 2026 | 11:54 am GMT+7
TikTok eyes expansion into logistics, digital finance in Vietnam
TikTok is seeking to expand its presence in Vietnam beyond social media and e-commerce, with plans to invest in logistics, digital finance and other digital economy infrastructure sectors as the country becomes an increasingly strategic market for the company.
Companies - Fri, June 5, 2026 | 8:40 am GMT+7
Petrolimex seeks to sell entire treasury stock holdings as shares remain 43% below peak
Petrolimex, Vietnam's largest fuel retailer by market share, plans to sell its entire treasury stock holdings to comply with public company regulations, while its PLX shares on the Ho Chi Minh Stock Exchange plunged 43% from the peak reached in March.
Companies - Thu, June 4, 2026 | 4:51 pm GMT+7
MB's digital business account opening solution wins award
BIZ MBBank, a corporate digital banking platform of Military Commercial Joint Stock Bank (MB), has been recognized at the Vietnam I4 Impact Awards 2026 for its digital business account opening solution, underscoring the lender's efforts to advance digital banking services for corporate customers.
Companies - Thu, June 4, 2026 | 3:42 pm GMT+7
Chinese electronics component manufacturer redirects capital to Vietnam project
Shenzhen Click Technology’s decision to channel funds into its Vietnam project underscores the country’s growing importance in the company’s global strategy.
Industries - Thu, June 4, 2026 | 2:33 pm GMT+7
Vietnam targets launch of central counterparty clearing mechanism in early 2027
Vietnam's securities regulator is aiming to launch a central counterparty clearing (CCP) mechanism in the first quarter of 2027, a key step in strengthening market infrastructure and meeting international criteria for a stock market status upgrade.
Finance - Thu, June 4, 2026 | 1:57 pm GMT+7
Becamex: From failed capital raisings to state divestment pressure
After multiple unsuccessful capital-raising attempts, Vietnam’s industrial real estate giant Becamex IDC (HoSE: BCM) is now facing a new challenge: reducing state ownership from 95.44% to 65% to meet the requirements for maintaining its status as a public company.
Companies - Thu, June 4, 2026 | 11:29 am GMT+7
Banks regain lead in Vietnam's private placement bond market in May
Vietnamese banks regained their position as the largest issuers in the private placement bond market in May, as lenders sought to diversify funding sources, strengthen capital buffers,and meet increasingly stringent regulatory requirements.
Banking - Thu, June 4, 2026 | 9:15 am GMT+7
From refreshment to experience: A consumer trend emerging this summer
As temperatures rise across Vietnam, demand for soft drinks typically surges. But beyond seeking refreshment and an energy boost, many consumers are developing a new habit after finishing their beverages: peeling back bottle labels, entering promotional codes and receiving results on their phones within seconds.
Companies - Thu, June 4, 2026 | 8:45 am GMT+7
