Vietnam aims for 1 semiconductor fab plant, 10 packaging plants by 2030

HANOI, VIETNAM — 

Vietnam aims to person astatine slightest 1 semiconductor fabrication works and 10 packaging plants by 2030, and volition motorboat a money to assistance overseas investors mitigate the impacts of the planetary minimum concern tax, the authorities said connected the weekend.

The country's semiconductor manufacture is targeting gross of $25 cardinal by 2030, the authorities said successful a connection aft the merchandise of its semiconductor manufacture improvement strategy connected Saturday.

The Southeast Asian country, a determination manufacturing hub, is seeking to determination to high-tech industries from labor-intensive ones. As portion of its drive, the state aims to person 50,000 semiconductor engineers by 2030, the authorities said.

Several planetary electronics and semiconductor firms including Intel, Samsung, Amkor Technology, Qualcomm and Marvell Technology person facilities successful the country.

Beyond the archetypal 2030 target, the authorities said it plans to person astatine slightest 3 semiconductor fabrication plants and 20 packaging plants, with yearly revenues of $100 billion, by 2050.

In July, the Ministry of Planning and Investment said it was finalizing a draught program to set up a fund to assistance pull overseas concern into high-tech industries and support the country's competitiveness.