The Vietnamese government has approved funding of 12.8 trillion VND ($500 million) to build a small-scale semiconductor chip manufacturing plant, with the goal of developing a domestic chip industry and ensuring supply chain resilience.
Nguyen Khac Lich, director of the Department of Information and Communications Technology, stated that the government seeks to attract private investments in local semiconductor manufacturing by offering financial incentives to companies.
He added that the government would support 30 percent of the total investment directly from the central budget, provided if the plant begins production before December 31, 2030. The total support amount would not exceed 10 trillion VND ($391.6 million).
In addition, up to 20% of the enterprise's taxable income can be used for reinvestment in the plant's development. Furthermore, land for the semiconductor factory will be allocated without going through public auctions.
The Prime Minister will directly oversee the selection of private companies to partner with the government on this initiative.
"To accelerate semiconductor research, design, and production, Vietnam will invest in a state-supported semiconductor fabrication facility, strengthening its long-term vision of achieving technological self-sufficiency by 2050,"- he said highlighting that the initiative aligns with Vietnam’s Semiconductor Development Strategy to 2030, recently signed by the Prime Minister.
The Vietnamese government has set an ambitious goal of training 50,000 semiconductor engineers by 2030, including:
15,000 engineers for semiconductor design
35,000 engineers for semiconductor manufacturing
Countries like the United States, South Korea, and Japan have already pledged to strengthen chip partnerships with Vietnam, viewing it as a strategic alternative to China and Taiwan.
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Kirill Dmitriev, Russian President Vladimir Putin’s investment envoy, is visiting Washington this week for talks with members of the Trump administration, sparking fresh speculation over behind-the-scenes diplomacy between Moscow and Washington.
A Russian drone strike hit residential buildings in Kharkiv late on Thursday, killing at least two people and injuring 32 others, Ukrainian officials said, as nightly attacks on the country's cities continue to mount.
In Sydney’s Bennelong, where Chinese Australians make up a large share of the electorate, the fight for votes is playing out on unexpected turf: Xiaohongshu.
Leaders from Central Asia and the European Union will meet in Samarkand on April 4 for the first-ever EU-Central Asia Summit, aimed at deepening ties. Talks will focus on trade, investment, green energy, and security — marking a new era of cooperation.
The United States is relapsing into an old identity. In 2025, President Donald Trump revived the strategy that once defined the American economy — tariffs. For more than a century, from 1789 to 1913, tariffs powered U.S. government revenues and protected domestic industry.
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