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Vietnam semiconductor industry potential (Part 2)

Staff writer
Staff writer
Due to its proximity to China, Vietnam has become a new semiconductor manufacturing "friendshoring" location for the US.
Abstract

According to DIGITIMES Research's findings, the distribution of the semiconductor industry clusters in Vietnam shows that the makers in the northern part of the country are mostly in memory manufacturing, packaging and testing, while the makers in the southern part of the country are chiefly IC backend and design houses. However, due to the constraints in terms of production scale, land transportation, and networking policies, no major clusters incorporating upstream and downstream players have appeared.

In terms of water and power supply, the tropical country has abundant water sources and relies heavily on hydropower. But in recent years, droughts in the northern part of the country have affected hydropower generation. Hydropower and thermal power generation account for more than 70% of Vietnam's total electricity generation, and there is still a need to diversify the sources of electricity.

In terms of talent supply, Vietnam has seen a rise in the number of students enrolled in science, technology, engineering and mathematics (STEM) programs at tertiary institutions in recent years, with the majority of them joining the job market after receiving their bachelor's degrees. The rise in the number of graduates with master's and doctoral degrees has been slow.

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Published: December 19, 2023

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