Vietnamese Prime Minister Pham Minh Chinh (back, center) attends the signing of memorandums between Vietnamese government agencies and U.S. companies in Washington, the United States, September 19, 2023. Photo by Nhat Bac
Vietnamese government agencies have signed three memorandums with U.S. companies to help them increase their capacity to design and produce semiconductors, and train personnel in the sector.
The agreements were signed on Tuesday in Washington DC in the presence of Prime Minister Pham Minh Chinh, US Ambassador to Vietnam Marc Knapper and Chairman and CEO of the Semiconductor Industry Association John Neuffer.
The National Innovation Center of the Ministry of Planning and Investment has signed a memorandum with Cadence Design Systems on the design and production of semiconductors.
The center also signed a memorandum with Arizona State University to develop human resources for the semiconductor industry.
The Ministry of Education and Training signed a memorandum with Intel to develop human resources in high-tech sectors.
Investment Minister Nguyen Chi Dung said the signings would help strengthen cooperation between U.S. semiconductor companies and Vietnamese partners.
The United States is a leading country in this sector and Vietnam is a land of potential with an ideal geographical location and a stable political system, he added.
The country aims to train 50,000 engineers in the semiconductor industry by 2030, and the government has a vested interest in developing the industry, he added.
Vietnam has also established research units in the semiconductor sector, and the country’s large companies have the resources and desire to develop the industry, Dung said.
Prime Minister Chinh said Vietnam and the United States, in their agreement to establish a comprehensive strategic partnership, have prioritized technology and innovation as new pillars of their relations.
He urged U.S. companies to invest more in Vietnam, including in infrastructure, technology transfer, manufacturing and training.
Vietnamese government agencies will create a fair business environment for American companies, he said.
PM Chinh is on a six-day working trip to the United States. After visiting San Francisco and Washington, he will travel to New York to participate in the high-level general debate of the 78th United Nations General Assembly.