The Prime Minister says that the Vietnamese company Viettel is working to develop the semiconductor industry – Global News (Trending Perfect)


HANOI (Reuters) – Prime Minister Pham Minh Chinh has asked military-run telecommunications company Vitel to develop its semiconductor chip industry “in a more efficient and diversified way,” the Vietnamese government quoted him as saying late on Tuesday.

Several global electronics and semiconductor companies, including Intel, Samsung, Amkor, Qualcomm and Marvell, have facilities in Vietnam, which has said it wants to set up its first factory by the end of this decade.

Reuters reported last year that Vietnam may support local companies such as Viettel to build factories with imported equipment.

“Semiconductor chip manufacturing capabilities are currently limited to very few regions in the world, and Vietnam is determined to pursue and develop the semiconductor industry and build an ecosystem for this industry,” the government quoted Chinh as saying in the statement.

“The products developed by Viettel have and will contribute to creating a foundation for building a self-reliant industry in Vietnam.”

The Vietnamese government said it will roll out a series of tax incentives and set up investment funds this year to support the semiconductor industry as part of its plan to increase support for the industry.

(Reporting by Phuong Nguyen, Editing by Miral Fahmy)



Leave a comment