Vietnam willing to facilitate Qualcomm chip making: deputy minister

By Tri Duc
Thu, September 1, 2022 | 1:23 pm GMT+7

Vietnam's willing to create best conditions for U.S. wireless technology giant Qualcomm to build chip research, development and testing facilities in the country, said Deputy Minister of Information and Communications Pham Duc Long.

Long gave the assurance to Oh Hyung Kwon, Qualcomm senior vice president and president of Asia-Pacific, at a meeting in Hanoi early this week.

The deputy minister said Vietnam was becoming a global center of electronic chip production with a high-quality, affordable workforce of over 5,000 engineers. The country is now home to 20 electronic chip producers, he noted.

Qualcomm creates semiconductors, software, and services related to wireless technology. Photo courtesy of Quartz.

Qualcomm creates semiconductors, software, and services related to wireless technology. Photo courtesy of Quartz.

Long asked Qualcomm to help Vietnam train its workforce in electronic chip and semiconductor fields, especially via cooperation with universities and research facilities.

The U.S corporation was also asked to cooperate with Vietnamese partners likely to use Qalcomm chips in Vietnam like telcos VNPT and Viettel as well as BKAV and Xelex which are engaged in manufacturing tablets, laptops and cameras.

The executive said Qualcomm wished to further cooperate with the ministry in digitalization, leveraging Industry 4.0 and human resource training. He said the company was willing to share its experience in the production of chips; and also provide advice on building legal frameworks on digital industry.

In May, military-run Viettel and Qualcomm announced they would cooperate in developing 5G solutions using the world's most modern technologies. The Vietnamese telcom will use the U.S. giant’s solutions and platforms in developing 5G base transceiver stations (BTS).

Viettel is one of four global partners of Qualcomm in developing and using new-generation 5G chipsets, according to the Vietnamese telcom giant.

Last week, Qualcomm and Samsung hosted a conference on accelerating 5G in Vietnam. Samsung Electronics Vietnam (Samsung Vina) president Kevin Lee said at the forum that strategic cooperation between the two giants can take digitalization in Vietnam to new heights, bringing super high-speed experiences to users in the future.

The information ministry is finalizing a draft strategy on Vietnam's digital industry until 2025, with vision until 2030. It is also boosting a "Make in Vietnam" approach towards making the country one that can master technologies and manufacture products for both domestic use and export, Deputy Minister Long said.

Viettel, Vietnam's biggest telecom group, is seeking the prime ministerial okay to make chips for domestic and overseas markets.

The group metioned its proposal in a meeting with Prime Minister Pham Minh Chinh on August 16 amid the global shortage of chips, which has impacted across-the-board sectors and developed countries boosting chip production for national security.

Comments (0)
  • Read More
Tourists come in great numbers to Dien Bien Phu

Tourists come in great numbers to Dien Bien Phu

The special national relic site of Dien Bien Phu Battlefield in the mountainous province of Dien Bien is attracting an increase influx of tourists from across the country and abroad as only half a month ahead of the Grand Celebration on May 7.

Travel - Sun, April 21, 2024 | 10:46 pm GMT+7

Longan honey harvest season begins in northern Vietnam province Hung Yen

Longan honey harvest season begins in northern Vietnam province Hung Yen

With a total longan area of some 5,000 hectares, the northern province of Hung Yen is considered Vietnam’s “longan capital”. As spring transitions to early summer, the longan orchards of the province burst into bloom, heralding the arrival of the longan honey collecting season from April to May.

Travel - Sun, April 21, 2024 | 10:43 pm GMT+7

Thailand promotes AI, creative economy

Thailand promotes AI, creative economy

The Federation of Thai Industries (FTI) is planning to establish new units to align with the government's policy to promote artificial intelligence (AI) and the creative economy as levers of soft power.

Southeast Asia - Sun, April 21, 2024 | 10:41 pm GMT+7

Vietnam stock market loses $20 bln after 4 sessions

Vietnam stock market loses $20 bln after 4 sessions

Price plunge swept away nearly VND480 trillion ($20 billion) from Vietnam’s stock market after four sessions during the week April 15-19.

Finance - Sun, April 21, 2024 | 10:27 pm GMT+7

Greenback surge appears a mixed bag for Vietnam businesses

Greenback surge appears a mixed bag for Vietnam businesses

As expected, the recent surge in the U.S. dollar against the Vietnamese dong (VND) has benefited exporters handsomely while importers are feeling the pinch of paying more for their purchases.

Companies - Sun, April 21, 2024 | 6:51 pm GMT+7

With no clean land, $169 mln central Vietnam project faces termination

With no clean land, $169 mln central Vietnam project faces termination

Binh Dinh province has granted in-principle approval for the termination of a VND4.3 trillion ($169 million) wooden board manufacturing project by Kim Thanh Lap Forestry JSC, citing lack of clean land to implement it.

Industries - Sun, April 21, 2024 | 2:55 pm GMT+7

Techcombank plans 10% stake issue to foreign strategic investors

Techcombank plans 10% stake issue to foreign strategic investors

Major Vietnamese private lender Techcombank plans to issue a 10% stake to overseas strategic investors, given its current self-capped foreign ownership of 22%, said chairman Ho Hung Anh.

Companies - Sun, April 21, 2024 | 10:47 am GMT+7

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.

Real Estate - Sun, April 21, 2024 | 9:40 am GMT+7

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam saw high export growth in fruits and vegetables to all major markets in Q1/2024, but the intake by South Korea and Thailand was sudden and dramatic, a report says.

Economy - Sun, April 21, 2024 | 8:15 am GMT+7

Key points and market implications of Vietnam’s new Real Estate Business Law

Key points and market implications of Vietnam’s new Real Estate Business Law

The National Assembly on November 28, 2023 passed the Law on Real Estate Business 2023 (LREB 2023), which will take effect on January 1, 2025. CBRE researchers gave an insight into new points.

Consulting - Sun, April 21, 2024 | 6:58 am GMT+7

AHK Vietnam has new chief

AHK Vietnam has new chief

Peter Kompalla has been appointed chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) since April 1.

Companies - Sun, April 21, 2024 | 5:33 am GMT+7

Vietnam booth makes Milan Design Week debut

Vietnam booth makes Milan Design Week debut

Italy’s Milan Design Week has featured a Vietnam Pavilion for the very first time, presenting unique wooden furniture and handicraft products from 35 Vietnamese businesses.

Economy - Sat, April 20, 2024 | 11:46 pm GMT+7

Tiny green market with big heart: HCMC meets demand for healthy food

Tiny green market with big heart: HCMC meets demand for healthy food

Indigenous, local specialties produced by innovative startups are among thousands of quality products on display at the "Phien cho xanh tu te” (Kind Green Market) held this weekend in Ho Chi Minh City.

Economy - Sat, April 20, 2024 | 7:20 pm GMT+7

Vietnam central bank pumps cash to save troubled lender SCB

Vietnam central bank pumps cash to save troubled lender SCB

Vietnam’s central bank has pumped in money to support Saigon Commercial Bank (SCB), which experienced a run triggered by the arrest of real estate tycoon Truong My Lan in October 2022.

Banking - Sat, April 20, 2024 | 5:15 pm GMT+7

Lending picks up at Vietnam banks with 1.34% Q1 growth

Lending picks up at Vietnam banks with 1.34% Q1 growth

Credit growth in the Vietnamese banking system accelerated in the final days of last month to reach 1.34% as of March 29 from end-2023.

Banking - Sat, April 20, 2024 | 3:30 pm GMT+7

Wave of 'huge' investments to flood central Vietnam province Binh Dinh: official

Wave of 'huge' investments to flood central Vietnam province Binh Dinh: official

Investors are considering pouring cash into the south-central province of Binh Dinh, including foreign giants, said standing Vice Chairman of the province, Nguyen Tuan Thanh.

Investing - Sat, April 20, 2024 | 2:01 pm GMT+7