Semiconductor industry creates great opportunities for Vietnamese human resources

According to forecasts by the Southeast Asian Semiconductor Industry Association (SEMI SEA), the Vietnamese semiconductor market could grow by more than 6% during the period 2022-2027.

With many competitive advantages, including owning large reserves of rare earth mines, Vietnam is gradually becoming an attractive destination for the entire chip production chain with billions of dollars in investment from American and Korean companies, bringing opportunities for human resources in this industry.

The large market size also makes the demand for human resources explode. According to WSTS, by 2030, about 1 million workers will be needed for all stages of chip design, production, assembly, packaging, and testing. The US semiconductor industry is forecast to have a shortage of 70,000 - 90,000 workers in the coming years. The Japan Semiconductor Industry Association also predicts that in the next decade, the industry will have a shortage of about 1,000 high-quality workers each year. Meanwhile, the "race" to build semiconductor factories in Japan requires more skilled workers.

At the workshop on developing high-quality human resources for the semiconductor chip industry from Vietnamese higher education institutions, organized by the Ministry of Education and Training , economic experts predicted that in the next 5 years, the semiconductor industry in Vietnam will need approximately 20,000 people with a university degree or higher; and in the next 10 years, this number will reach 50,000. Meanwhile, the current number of integrated circuit design personnel is around 5,000.

On several public recruitment websites, the position of Semiconductor Engineer with over 5 years of experience is advertised with a promised salary of over $1,000 USD/month. Neweb Vietnam Co., Ltd. (a Taiwanese-invested enterprise) in Duy Tien Industrial Park, Ha Nam province, is recruiting for a Semiconductor Engineer position with a salary of over $1,000 USD.

In the US, the average salary for a semiconductor engineer is nearly $8,500 a month. Meanwhile, Japanese chipmaker Tokyo Electron pays nearly 305,000 yen (nearly $2,200 a month) for new graduates who can start working immediately.

In Taiwan (China), statistics from the Taiwan Ministry of Education show that semiconductor engineers with a bachelor's degree receive a starting salary of about 38,000-42,000 NTD (25-33 million VND). In the same position but with a master's degree, workers can receive 33-37 million VND, or 46-55 million VND if they have a doctorate.

Data from the Vietnamese Microchip community shows that the average salary after tax in the first year of work for a chip design engineer is nearly 220 million VND (more than 18 million/month) and will increase gradually each year. With 5 years of experience, a person doing this job will earn over 330 million VND a year. This number gradually increases to more than 800 and 1.3 billion VND if they have 15-20 years of experience.

In the past two years, Vietnam has become an attractive destination for the entire chip production chain with billions of dollars in investment from American and Korean companies. Amkor Technology - the world's largest semiconductor industrial group headquartered in Arizona inaugurated a factory in Bac Ninh with a total investment of 1.6 billion USD. Samsung also plans to produce semiconductor components in Vietnam. Hana Micron Vina (Korea) inaugurated a semiconductor factory project in Bac Giang with a registered investment of nearly 600 million USD...

Students majoring in Semiconductor Design at FPT University have the opportunity to receive scholarships of up to 100%. Vietnam is also a destination for human resources for many countries in need of human resources in the semiconductor industry. At the same time, many universities and training institutions in Vietnam have opened majors in semiconductor training or opened courses to convert from related majors to specialized work. FPT University recruits 1,000 Semiconductor Design targets and considers granting scholarships of up to 100% of the curriculum to all candidates registering for this major. Hanoi University of Science and Technology, two National Universities, Danang University, Can Tho University, Phenikaa University, Hanoi University of Science and Technology... also open new majors and offer many policies to attract students to study.

According to Intellectual Property and Innovation

Source: https://doanhnghiepvn.vn/cong-nghe/cong-nghiep-ban-dan-tao-co-hoi-lon-cho-nguon-nhan-luc-viet-nam/20240731121553635