"Hanoi needs to develop a unique mechanism to attract investment in the semiconductor sector"

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