The National Assembly's Resolution on piloting a number of mechanisms and policies to remove obstacles in science, technology (S&T), innovation and national digital transformation activities has clearly stated the mechanism to support the first factory selected to manufacture small-scale, high-tech chips worth up to VND10,000 billion. The Government also plans to allocate an additional VND10,000 billion to implement Resolution 57/2024 of the Politburo on breakthroughs in S&T development, innovation and national digital transformation.
Extremely good opportunity for semiconductor business
Mr. Nguyen Phuc Vinh, Vice President of the Ho Chi Minh City Semiconductor Technology Association, assessed that the support policy of up to VND10,000 billion for the first factory selected to manufacture small-scale, high-tech chips is a good opportunity for domestic enterprises if they can take advantage of it.
According to Mr. Vinh, Vietnam currently has about 60 well-known semiconductor enterprises, with an estimated annual revenue of 19 billion USD. However, most enterprises participate in the packaging, testing, and design stages; the stage of producing chemicals, semiconductor materials, and microchip manufacturing machinery has very few - only 3 enterprises participate; and no enterprise is operating in the stage of manufacturing and fabricating on silicon wafers (FAB). The FAB stage has an added value of over 25% and is the stage that determines the technological autonomy of a country, is of primary importance in the supply chain, and has the ability to orient, lead, and support the development of the remaining stages.
"Therefore, if we successfully build the first FAB enterprise with the above support policy, we will have a great opportunity to participate deeply in the global semiconductor supply chain," said Mr. Vinh.
According to semiconductor technology experts, if supported with capital, enterprises can build infrastructure, factories, logistics systems, learn and access technology transfer. At that time, small and medium enterprises will have the opportunity to become suppliers of human resources, materials, services and technology in this chain. "A calculation shows that every dollar invested in semiconductors will create 7 times the value from electronic products and up to hundreds of times for end products such as cars, smart systems, products, digital solutions, and automation equipment" - an analyst.
Experts say that although Vietnam has many advantages for development, it also faces many challenges in developing the semiconductor industry. Specifically, despite having a young and dynamic workforce, Vietnam lacks a team of experienced and highly qualified experts in this field, requiring improvement in the qualityof education and training, and cooperation to develop highly specialized human resources. In addition, it is necessary to promptly resolve limitations in infrastructure, including electricity, water, transportation, etc.
A semiconductor chip product manufactured by a Vietnamese enterprise. Photo: THANH NHAN
Great expectations for science and technology
The information that the Government plans to spend an additional 10,000 billion VND to implement Resolution 57/2024 has attracted great attention from the business community and experts in this field.
Dr. Ho Diep - Director of Edunet Company Limited, lecturer at Ho Chi Minh City International University - assessed that additional capital for science and technology will create favorable conditions for startups to access finance, helping them turn ideas into real products and services. Combining state capital with private investment funds will increase the ability to mobilize capital and improve investment efficiency. From there, businesses will have more resources to invest in R&D, create advanced products and technology solutions, and improve competitiveness in the international market. Encouraging large enterprises such as VinFast or FPT to participate in this process will create a spillover effect, promoting the development of the entire technology ecosystem.
"The support capital will help businesses, especially small and medium enterprises, apply digital technologies to production and business activities, improve efficiency and productivity, thereby creating new growth opportunities for the economy," said Dr. Diep.
However, according to Dr. Diep, in addition to supporting capital, there needs to be clear, transparent and stable legal regulations to create a favorable investment environment for technology enterprises and investment funds. In addition, preferential policies on tax, land and other costs to encourage investment in R&D and innovation are also very important. In addition, business incubation centers, technology incubators and high-tech zones are also needed to support the development of technology enterprises, thereby contributing to the success of Resolution 57/2024.
Previously, speaking at the 9th extraordinary session of the National Assembly, General Secretary To Lam emphasized that waiting for the Law on Science and Technology to be amended would take almost the entire year of 2025 to implement Resolution 57/2024. Therefore, the General Secretary suggested that at this session of the National Assembly, a resolution must be issued to remove difficulties for science and technology, demonstrating the strong determination of the Party and State in removing legal and institutional obstacles to develop science and technology.
Citing the regulations in the Bidding Law, the General Secretary warned that "only caring about money, how to buy cheap things" will put us at risk of becoming a technology dumping ground. The General Secretary emphasized that with science and technology, we are behind but must take shortcuts to get ahead, if we follow "we will always be behind".
4 important recommendations
Mr. Nguyen Phuc Vinh made a proposal to help the semiconductor industry develop strongly in the future.
One is to selectively attract foreign direct investment (FDI). Two is to train and develop high-quality human resources. Three is to build specialized industrial parks for the semiconductor industry, with modern infrastructure and full facilities to support businesses. Four is to have close, sincere, open-minded and trustworthy diplomacy and cooperation between the government and large technology corporations to help all parties find common ground, thereby giving Vietnam more opportunities to access technology.
Source: https://nld.com.vn/co-che-dot-pha-cho-chip-ban-dan-196250318204158959.htm
Comment (0)