Semiconductors
VIETNAM: A RISING SEMICONDUCTOR POWERHOUSE
The world’s leading chip corporations are actively present in Vietnam as the global semiconductor race heats up.
Vietnam’s semiconductor industry shows strong growth potential with the entry of world’s leading corporations and the participation of large domestic enterprises. The country is now home to 50 design companies, 5 packaging and testing companies for microchips, and more than 10 companies in the semiconductor technology field.
Vietnam’s involvement in the sector spans several key levels:
- Major semiconductor manufacturing companies such as Intel, Amkor, Hana Micron.
- Large-scale electronics manufacturer, including Samsung’s mobile phone factories and R&D center.
- Leading Vietnamese technology companies including Viettel, VNPT, FPT, CMC are actively preparing to enter and expand in the semiconductor market.
Infrastructure
Vietnam is investing heavily in large-scale infrastructures to meet the high demand of semiconductor production.
- Transport infrastructures: Investing in road infrastructure (North-South expressway, Hai Phong – Lao Cai – China high-speed railway), waterways, airways and upgrading infrastructure for production.
- Digital infrastructures: rapid Internet growth and 5G adoption strengthen the country’s digital backbone.
- Energy infrastructures: Implementing the National Power Development Plan for 2021 to 2030, with a vision to 2050 (Power Plan VIII), to ensure reliable connectivity and sustainable energy supply.
- High-tech zones and National Innovation Centre (NIC): setting the groundwork for foreign corporations to invest and manufacture in Vietnam.
Human Resource Development
Vietnam currently has more than 240 universities, of which nearly 160 have majors in engineering technology. Each year, around 134,000 students enter the engineering industry.
The Government issued Decision No. 1017/QD-TTg approving the Program “Developing human resources for the semiconductor industry to 2030, with a vision to 2050”.
- About 15,000 microchip design engineers and 35,000 engineers in manufacturing, packaging, testing and other fields.
- Establish 4 national shared laboratories and 18 standard laboratories.
- Expand training network to approximately 200 locations.
Government Support
Vietnam’s semiconductor industry benefits from a comprehensive policy framework:
- 1017/QĐ-TTg: the National Program on human resource development for the semiconductor industry to 2030, with a vision to 2050.
- 1018/QĐ-TTg: the National Strategy on the development of the semiconductor industry.
- Highest investment incentives under the Vietnam Investment Law 2020.
- Specific local mechanisms and policies in Ho Chi Minh City, Hai Phong City, Da Nang City offering tax incentive package, special investment procedures in priority fields, etc.
Invest in DEEP C
Under National Assembly Resolution No. 226/2025/QH15, Hai Phong Free Trade Zone (FTZ) is emerging as Vietnam’s next-generation hub for high-tech and innovation-driven industries. With 800+ hectares within the FTZ, DEEP C is set to become a leading semiconductor hub in Vietnam, offering competitive operating costs, investor-friendly administration, and world-class infrastructure.
- 10% corporate income tax (CIT) for 30 years.
- Full CIT exemption for 4 years, followed by 50% reduction for the next 9 years.
- 50% Personal Income Tax reduction for experts, scientists, and high-quality labor.
- Tax policy for non-tax zones.
- Priority Custom Mechanism
- Breakthrough visa and fast-track investment procedures.
Case Study
Universal Scientific Industrial – flagship semiconductor investment in Northern Vietnam.
Universal Scientific Industrial Vietnam Co., Ltd. is a direct investment of USI – Universal Scientific Industrial (Shanghai) Co., Ltd., a global leader in electronic design and manufacturing, and advanced SiP (System-in-Package) technology. USI is a member of ASE Technology Holding, one of the world’s leading corporations in semiconductor backend services.
USI selected DEEP C Hai Phong 1 industrial park to manufacture SiP (System-in-Package) modules for wearable devices, an essential link in the semiconductor value chain.
Phase 1 delivers over 10 million modules annually. Phase 2 is underway, and Phase 3 is in research and planning, with commission expected by 2027.
This continued expansion reflects USI’s confidence in DEEP C’s infrastructure, services, and scalability, positioning the project as a flagship semiconductor investment in Northern Vietnam.
