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Vietnamese chip companies open up to global market

Posted: 22 Sep 2015 ?? ?Print Version ?Bookmark and Share

Keywords:semiconductor industry? HHTP? business summit?

Semiconductor companies in Vietnam got the chance to present their businesses to global producers at a business summit in Hanoi City, Viet Nam News reported.

Organised by Hoa Lac Hi-Tech Park (HHTP) and the Semiconductor Equipment and Materials International (SEMI), the business summit is a meeting between local and foreign companies that aims to boost Vietnam's semiconductor industry. Around 70 participants from China, Singapore, Malaysia and the United States attended the event.

The business mission not only allowed local semiconductor players to interact with global microelectronics developers but also let them talk about Vietnam's policies and investment values as both the government and the local enterprises move to improve the country's semiconductor sector, according to Pham Dai Duong, director of HHTP's management board.

As part of the event, networking sessions were held, as well as a facility tour that involved the introduction of one of the companies operating in HHTP to foreign companies and SEMI.

Kai Fai Ng, SEMI Southeast Asia president, said that Vietnam has entered the radar of foreign investor in the global semiconductor market after two successful business summits. The country has also recently granted investment licences for three projects, which include a $1.5-billion project for the Saigon Silicon Valley and a $1.4-billion project for Samsung.

Promoting cooperation between the two organisations, the HHTP and SEMI also signed a Memorandum of Understanding (MoU).

As part of the MoU, the HHTP will make it easy for SEMI to meet with Vietnam's government agencies and local companies to talk about procedures on how to put up a business in the country. They would also discuss how SEMI could develop partnerships in the semiconductor sector by knowing the challenges and opportunities present in the local market.

Moreover, the deal will enable SEMI to endorse the HHTP to its 1,900 member companies, providing partnerships for local and foreign semiconductor companies and building a conducive environment for the development of semiconductor products in Vietnam.

Founded in 1970, SEMI is a U.S.-based non-profit organisation that serves the manufacturing supply chain for the micro- and nano-electronics industries, including semiconductors, flat panel displays, and printed and flexible electronics.

SE Asia's Silicon Valley

An article posted by PC Mag dubbed Vietnam as the Silicon Valley of Southeast Asia, with its national government pinning hope to the country's technology sector.

Apart from investing heavily in infrastructure, Vietnam has also passed several economic policies to attract both domestic and international entrepreneurs to do business in the country.

Vietnam has a population of more than 90 million with a median age of 30.3, and it currently enjoys a growing number of young engineers, coders, entrepreneurs and students. The young and skilled population is seen to propel technological innovation and economic growth in the country.

- Stephen Padilla

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