"Hanoi needs to develop a unique mechanism to attract investment in the semiconductor sector"
- 175
- Business
- 16:25 31/07/2024
DNHN - This is also the proposal of Mr. Nguyen Van Khoa, Chairman of Vinasa. According to him, it is also necessary to develop a long-term strategy for investment promotion in the semiconductor and chip sector for at least the next 10 years.
At the conference on investment connection and development of the semiconductor industry in Hanoi on the afternoon of July 29, Mr. Nguyen Van Khoa, Chairman of the Vietnam Software and IT Services Association (Vinasa), assessed that Hanoi has the potential to promote high-tech industries, including semiconductors, especially after the amended Capital Law was passed in June, identifying semiconductors as a priority field to attract the city's strategic investors.
"This is an important legal basis. Hanoi, with more than 10 million people and special economic and social attraction, must leverage opportunities to rise on the domestic and international technology and semiconductor map," Mr. Khoa said.
Also at the conference, Deputy Director of HPA Nguyen Tran Quang emphasized that semiconductor technology is the "lifeblood" of the digital economy and the foundational technology of many current technological solutions.
Recently, Vietnam has been attracting many major corporations in the semiconductor industry from the United States, South Korea, Japan, and European countries to explore and invest.
"With its strategic location and many unique advantages, Hanoi has great potential and opportunities to develop and attract investment in technology, including the semiconductor industry," Deputy Director of HPA emphasized.
Deputy Director of HPA stated that recently, Hanoi has continuously improved the investment and business environment, actively reviewed administrative procedures, simplified and accelerated the receipt and processing of procedures, creating convenience and cost reduction for citizens, organizations, and enterprises...
At the same time, the city has issued and implemented policies to support businesses, organized many investment promotion activities, business dialogues, and resolved many difficulties and obstacles for businesses during production and business processes.
Sharing some orientations of Hanoi on the development of the semiconductor industry and digital technology enterprises, Director of the Hanoi Department of Information and Communications Nguyen Viet Hung said that the Hanoi Capital Planning for the period 2021-2030, with a vision to 2050, identifies the city prioritizing the development of semiconductor microchip and artificial intelligence industries, leading in the development of emerging industries according to the world's leading technology trends.
At the same time, building Hanoi into a central hub for scientific research, technological development, and innovation, with connections to the innovation system of the Red River Delta and the whole country; becoming the leading center for designing and supplying semiconductor and artificial intelligence products in the country, on par with countries in the region and the world in some fields.
To utilize the available resources in developing the semiconductor industry, the Chairman of VINASA said that in the near future, Hanoi needs to quickly establish a unique mechanism to attract domestic and foreign investment in the semiconductor sector; at the same time, a long-term strategy for investment promotion in the semiconductor and chip sector must be developed for at least the next 10 years, based on learning from the experiences of countries around the world.
In addition, the city also needs to allocate resources, finances, and capabilities to support innovative startups; have a systematic, long-term international cooperation program to promote investment cooperation. "Especially, Hanoi not only needs to create preferential mechanisms to attract but also to accompany businesses in promoting the commercialization of products," Mr. Khoa emphasized.
Furthermore, Mr. Nguyen Tran Quang also proposed: "In the coming time, Hanoi hopes to continue to receive the support and cooperation of provinces, cities, domestic and international investors, especially investment in the semiconductor industry." Mr. Nguyen Tran Quang also expressed and affirmed that the city will always accompany the business community to ensure investors' success and sustainable development.
Phuong Anh
Related news
#Vietnamese businesses
Two Vietnamese developers featured in Apple's latest honors project
The app named DreameChaser by two Vietnamese developers is among the few listed in the "Dare to Dream" category on the App Store.
The data center market in Vietnam: High demand, great potential
According to Minister of Information and Communications Nguyễn Mạnh Hùng, investing in data centers is a new type of investment for telecom operators.
Businesses need to increase adaptability to join the global supply chain
Although the supply chain has gradually been restructured, in reality, most of Vietnam's industrial enterprises are still small and fragmented, unable to deeply participate in the value chain.
Vietnamese brands reaching international markets
Although Vietnam is regarded as the new manufacturing hub as multinational companies implement the "China+1" strategy, very few domestic brands are known by foreign consumers.
General Secretary and President Tô Lâm: "Although it is a small and medium-sized business community, it is very large..."
On the afternoon of August 22, General Secretary and President Tô Lâm received a delegation of the Vietnam Association of Small and Medium Enterprises. This important and meaningful event was organized by the Business and Integration Magazine.
Vinmec wins "double" at the HR Asia Awards
Vinmec Healthcare System was honored with two awards at the HR Asia Awards 2024 ceremony on August 8. The double awards further affirm Vinmec's excellence in both the working environment and the professional development environment.
Đọc thêm Business
Dongtam Group partners with CS Wind Corp to build a wind power equipment factory
Dong Tam Group (DTG) and CS Wind Corporation (CS WIND) have officially signed a Memorandum of Understanding (MOU).
Young entrepreneurs innovating but must ensure stable business foundations
"The world is undergoing significant changes, bringing both opportunities and challenges for businesses, especially in fields such as artificial intelligence, international trade, and investment"
Why is Vietnam always attractive to foreign businesses?
Vietnam attracts foreign businesses thanks to its favorable investment environment, abundant labor, and competitive costs. Open-door policies and free trade agreements also enhance the country's appeal to global investors.
Apartment prices continue to rise far beyond workers' incomes
Apartment prices continue to rise sharply, increasingly out of reach for workers' incomes. This gap not only creates significant financial pressure but also makes homeownership increasingly difficult for the majority of people.
The stock market faces increasing selling pressure, VN-Index sank into the red
The strong selling pressure across the market, especially in the blue-chip stocks, has caused the VN-Index to drop sharply, even falling below the 1,270-point mark at times.
VREC and HREC create opportunities for member businesses to connect with Nippon Paint Vietnam
Recently, at the headquarters of Nippon Paint Vietnam, the Vietnam Real Estate Club (VREC) and the Ho Chi Minh City Real Estate Club (HREC) successfully organized a networking event for member businesses.
Cash flow real estate: New investment trend in 2024
Cash flow real estate has become an investment trend in 2024 due to its stable profitability from leasing and business operations. Interest in this type of real estate demonstrates the demand for sustainable profits in an uncertain economic context.
Is the gold price stabilization policy truly effective?
Dr. Bùi Duy Tùng, an Economics lecturer at RMIT University, assesses the pros and cons of the gold price stabilization policies implemented by the State Bank of Vietnam (SBV) in recent times.
Why is there a need for a development proposal in the field of cultural industries?
In the context of globalization and the booming creative economy, cultural industries are increasingly important in national development strategies. Vietnam needs a development proposal in this field to tap into its potential.
Mastering Real Estate Business Law to be ready for the next growth cycle
In the context of the changing real estate market alongside new legal regulations, understanding the Real Estate Business Law is a crucial factor for businesses and investors to seize opportunities and prepare well for the new cycle.