Semiconductor industry needs thorough preparations: official
Deputy Minister of Planning and Investment (MPI) Tran Quoc Phuong stressed human resources development in the semiconductor industry while speaking at a government press conference in Hanoi on September 30.
Hanoi (VNA) – Deputy Minister of Planningand Investment (MPI) Tran Quoc Phuong stressed human resources development inthe semiconductor industry while speaking at a government press conference inHanoi on September 30.
“This is a new industry in Vietnam that needs thoroughpreparations to develop effectively,” the official noted.
According to the Deputy Minister, the Prime Ministerhas assigned the MPI to quickly outline a project on human resourcesdevelopment in service of the sector by 2030.
The ministry has proposed three pillars in thisregard, covering higher education, the training of engineers and workers, andthe attraction of talents, Phuong said, adding that the MPI will closelycoordinate with other ministries, agencies, localities, businesses andscientists to complete the project as scheduled.
Regarding public investment, he said both domesticand foreign experts considered it an important engine for the country’seconomic growth and recovery, with public investment disbursement in the firstnine months of this year fulfilling about 51.38% of the set plan.
For GDP growth in the third quarter of this year, it wentbeyond expectations, hitting 5.33%, significantly contributing to thenine-month figure of 4.24%, he said.
Given export difficulties, domestic consumption playsa significant role in the national economic growth with the total revenue fromretail sales of consumer goods increasing 9%, he said./.
Prime Minister Pham Minh Chinh had a working lunch with chief executive officers of leading US enterprises in the semiconductor industry in Washington DC on September 19 morning (local time).
Vietnam aims to become a leading country in ASEAN and East Asia in chip production, with deeper participation in the global production and supply chain by 2030, according to an expert.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
At the government press conference. (Photo: VNA) 
