Deputy Prime Minister Nguyen Chi Dung chairs a meeting of the National Steering Committee on Semiconductor Industry Development, Hanoi, March 10, 2026.

He noted that ministries and sectors have actively implemented the national strategy for developing the semiconductor industry and its workforce, focusing on removing institutional bottlenecks, improving the legal framework, and creating favorable conditions to attract investment.

Many global tech giants have invested in and expanded their operations in the country, mainly in semiconductor assembly, packaging and testing, Mr. Dung said. 

Vietnamese companies have also gradually joined the global value chain by improving their capabilities in chip design, production and related services. Notably, a semiconductor chip manufacturing plant is being developed by the Viettel Military Industry and Telecoms Group (Viettel).

At the meeting, Deputy Minister of Finance Nguyen Duc Tam said that by March, foreign direct investment in the semiconductor sector had reached nearly 16 billion USD across 228 projects. The Republic of Korea accounted for the largest share (45.3%), followed by the Netherlands (25.8%), and Singapore (12%). Ho Chi Minh City leads the country with 53 projects.

In his concluding remarks, Deputy PM Dung said Vietnam is moving in the right direction and has started to establish essential foundations for developing its semiconductor industry.