Bình Dương eyes semiconductor, high-tech development

The southern province of Bình Dương is focusing on facilitating investment in semiconductor and high-tech industries to leverage its advantages in these fields.

Nguyễn Văn Lợi, party secretary of Bình Dương, said that the province will develop a 220ha concentrated innovation and information technology zone with four sub-areas in Bình Dương New City.

The site will research, develop and conduct technology transfers of new technologies and products, as well as train and attract a high quality workforce.

Bình Dương eyes semiconductor, high-tech development
Bình Dương Province has a great deal of potential to develop its semiconductor and hi-tech industries. – Photo congly.vn

Lợi said that Việt Nam has a big opportunity to participate more deeply in global semiconductor supply chains, and that Bình Dương is one of the dynamic and comprehensive development hubs of Southeast Asia, and excels in science, technology and innovation.

Bình Dương is focusing on attracting high-tech companies, especially those in the semiconductor industry. Its 2021-2030 development plan also highlighted that the province will develop this industry.

The province vows to create a favourable investment climate for high-tech businesses and help them work through administrative and customs procedures quickly.

It will improve its infrastructure linked with airports and seaports, along with other policies to support high-tech companies and attract high quality workers to suit their demand.

Bình Dương prioritises attracting investment in the fields of high-tech, semiconductor, green energy and the circular economy, as well as logistics, supporting industry and high-tech agriculture, with a focus on projects that provide high added-value and are not labour-intensive.

It has also asked local universities to create plans for educating and training high quality workers for high-tech industries.

Nguyễn Lộc Hà, deputy chairman of Bình Dương People’s Committee, said that with its favourable location and drive to create a good investment climate, the province has attracted over 4,300 foreign direct investment projects from 65 countries and territories, with total registered capital of around US$42 billion, ranking it third in Việt Nam in terms of FDI attraction.

Bình Dương also leads the country in infrastructure development, and it pays a great deal of attention to building smart urban areas.

Last year, the Intelligent Community (a global network of cities and regions which focuses on facilitating economic development in the digital age) named Bình Dương as the 2023 Intelligent Community of the Year.

The network’s website describes Bình Dương New City as being “home to a growing number of Techlabs and Fablabs located in schools, universities and vocational colleges around the region.”

Last week, the province organised a working session with international experts on semiconductors to discuss the province’s potential in this industry.

Semiconductor experts from Digitimes Inc, a Taiwanese media outlet that focuses on the global semiconductor, IT, consumer electronics and communications industries, shared experiences for developing supply chains in technology and semiconductor.

They also shared lessons and experiences in developing semiconductor production investment projects and the role of the government in building policies to support the industry.

According to Digitimes Inc, with the planned concentrated innovation and information technology zone and other high-tech parks in Bình Dương New City, along with other science and technology parks in the southern key economic zone, Bình Dương is expected to become an attractive destination for high-tech companies.

Việt Nam has a large supply of essential rare-earth elements for semiconductor chip production and a young population capable in STEM fields, giving it the chance to become one of the world’s semiconductor and electronic hubs.

In the next five years, Việt Nam will witness massive growth in technology and electronics, but the country will need a clear roadmap to develop related supply chains.

Source: VNS

See also

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Workshop seeks ways to attract Japan’s green investment to Vietnam

Workshop seeks ways to attract Japan’s green investment to Vietnam

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
LG plans to pour further US$1 billion investment into Vietnam

LG plans to pour further US$1 billion investment into Vietnam

The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.
Long An province promotes investment and trade in France

Long An province promotes investment and trade in France

A Vietnam-France Investment and Trade Promotion Seminar was held in Paris on November 13 to strengthen connections and seek cooperation opportunities between the Mekong Delta province of Long An and France.

See more news

Bac Giang prioritises high-tech FDI projects, services industry

Bac Giang prioritises high-tech FDI projects, services industry

The northern province of Bac Giang will continue attracting foreign direct investment (FDI) projects in the time ahead, prioritising those using high-tech or relating to supporting industries and high-quality services, local authorities have said.
Vietnam draws new wave of high-value investments: Savills

Vietnam draws new wave of high-value investments: Savills

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.
Hanoi attracts 1.6 billion USD in FDI in ten months

Hanoi attracts 1.6 billion USD in FDI in ten months

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.
Da Nang to invest additional 16 million USD into software park

Da Nang to invest additional 16 million USD into software park

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.
PM receives heads of leading investment firm, authority of Qatar

PM receives heads of leading investment firm, authority of Qatar

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.
Forum suggests suitable orientations for green development strategy in Lam Dong

Forum suggests suitable orientations for green development strategy in Lam Dong

An investment forum entitled “Lam Dong Green Plateau — Sustainable Green Transformation: Opportunities for Investors” took place in Da Lat City, in the Central Highlands province of Lam Dong, on the afternoon of October 30.
Hung Yen promotes trade, investment in Germany for first time

Hung Yen promotes trade, investment in Germany for first time

An investment promotion and trade cooperation conference between the northern province of Hung Yen and German partners took place in Berlin on October 28.
Dong Nai Province attracts green investment projects

Dong Nai Province attracts green investment projects

Recognizing Dong Nai Province's strong potential to attract foreign direct investment (FDI), particularly in the logistics sector, KCN Vietnam Group has crafted a strategic plan and committed significant resources to develop a state-of-the-art warehouse system that meets international green standards.
Long An Province working hard to improve investment environment

Long An Province working hard to improve investment environment

The Mekong Delta province of Long An is committed to further improving its business environment, securing its place in the top three in the Provincial Competitiveness Index rankings, according to the provincial People’s Committee (Administration).
View more
Latest Most Read
UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Vietnam – a success story in development path: WB Vice President

Vietnam – a success story in development path: WB Vice President

Hanoi – World Bank (WB) Vice President for East Asia and the Pacific Manuela V. Ferro described Vietnam as a success story in terms of economic development since it has dramatically transformed the economic landscape, achieving the extraordinary feat of increasing family incomes sixfold while attracting significant foreign investment over the past 40 years.
WB suggests five pillars for Vietnam’s electric transport plans

WB suggests five pillars for Vietnam’s electric transport plans

Vietnam’s roadmap for transitioning to electric vehicles (EVs) and decarbonising the transport sector should focus on five key pillars, including EV production, stimulating consumer demand, developing charging infrastructure, ensuring electricity supply, and training a highly skilled workforce, according to a report issued by the World Bank on November 22.
NA Chairman meets with President of Cambodian People

NA Chairman meets with President of Cambodian People's Party, Senate

Phnom Penh – The Vietnamese Party and State always value and give high priority to consolidating the good neighbourliness, traditional friendship, comprehensive cooperation and long-term sustainability with Cambodia for the benefit of both countries' people, and for peace, stability, cooperation and development in the region and the world, said National Assembly Chairman Tran Thanh Man.
Deputy FM visits Guangxi, strengthens Vietnam-China locality-to-locality cooperation

Deputy FM visits Guangxi, strengthens Vietnam-China locality-to-locality cooperation

Guangxi – Deputy Minister of Foreign Affairs Nguyen Minh Hang has led a delegation of five Vietnamese localities – Ca Mau, Ninh Thuan, Ninh Binh, Nam Dinh, and Vinh Long— to pay an official visit to China’s Guangxi, as part of the annual cooperation programme between the ministry and the autonomous region that shares a long borderline with Vietnam.
strengthening vietnam cambodia friendship and cooperation

Strengthening Vietnam-Cambodia friendship and cooperation

Chairman of the National Assembly Tran Thanh Man leads a high-ranking delegation to make an official visit to Cambodia, and attend some international events hosted by the neighboring country on November 21 to 24.
vietnam malaysia strategic partnership

Vietnam - Malaysia Strategic Partnership

Since the establishment of diplomatic relations, the relationship between Vietnam and Malaysia has been continuously strengthened and developed positively across all areas, especially since it was upgraded to a Strategic Partnership in August 2015.
vietnam dominican republic strengthening cooperation

Vietnam, Dominican Republic strengthening cooperation

At the invitation of Dominican President Luis Rodolfo Abinader Corona and his spouse, Prime Minister Pham Minh Chinh and his spouse, accompanied by a high-level Vietnamese delegation, pay an official visit to the Dominican Republic from November 19 to 21, 2024. This visit holds significant importance as it marks the first official trip by a Vietnamese leader to the Dominican Republic, taking place ahead of the 20th anniversary of diplomatic ties between the two nations (July 7, 2005 – July 7, 2025).
vietnam brazil strategic partnership

Vietnam - Brazil strategic partnership

During his trip to Brazil from November 16-19 for the G20 Summit and bilateral engagements, Prime Minister Pham Minh Chinh held talks with Brazilian President Luiz Inácio Lula da Silva. The two leaders agreed to elevate the Vietnam-Brazil bilateral relations to a Strategic Partnership and issue a joint statement on the upgrade of the ties.
nhon hanoi station elevated urban railway comes into operation

Nhon - Hanoi Station elevated urban railway comes into operation

The elevated section of the pilot Nhon - Hanoi Station urban railway project has officially entered commercial operation, three months after its debut. This marks a pioneering step toward green transformation, laying the foundation for the capital's public and sustainable transportation development.
New decree on using telecommunications accounts for payment proposed

New decree on using telecommunications accounts for payment proposed

Currently, the use of a telecommunications account to pay for small-value goods and services in the country, called Mobile-Money service, is being implemented in a pilot programme.
Parliament approves amendments to pharmacy law

Parliament approves amendments to pharmacy law

On drug price management, the NA Standing Committee reviewed and concurred with the Government’s proposal to implement measures for publishing projected wholesale prices for prescription drugs.
VAT tax reduction should continue until mid-2025: Ministry

VAT tax reduction should continue until mid-2025: Ministry

Hanoi - The Ministry of Finance (MoF) has proposed Vietnam's value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support.
NA deputies scrutinise investment policy for North-South high-speed railway project

NA deputies scrutinise investment policy for North-South high-speed railway project

The preliminary total investment for the project is estimated at VNĐ1.7 quadrillion (around US$67.34 billion). To ensure its progress and success, 19 special policies have been proposed.
Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

HCM City - Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Solutions discussed to ensure coal supply for electricity generation in 2025

Solutions discussed to ensure coal supply for electricity generation in 2025

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.
Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
Workshop seeks ways to attract Japan’s green investment to Vietnam

Workshop seeks ways to attract Japan’s green investment to Vietnam

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.
Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HDBank wins three awards at Vietnam Listed Company Awards 2024

HDBank wins three awards at Vietnam Listed Company Awards 2024

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has received three prestigious awards at the Vietnam Listed Company Awards 2024, highlighting its leadership in the banking sector, as well as its dedication to transparency and governance.
VIB, Flywire partner to streamline cross-border payments for students from Vietnam

VIB, Flywire partner to streamline cross-border payments for students from Vietnam

Vietnam International Bank (VIB) has announced a partnership with Flywire, a global payments enablement and software company based in Boston, to enable Vietnamese payers to digitally pay international education-related fees in their local currency to higher education institutions all over the world.
Vietcombank issues 2 trillion VND worth of green bonds for first time

Vietcombank issues 2 trillion VND worth of green bonds for first time

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.
UK stands ready to help Vietnam build international financial hub

UK stands ready to help Vietnam build international financial hub

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.
Significant progress in fisheries

Significant progress in fisheries' environmental protection but challenges remain

All provinces and cities across the country had issued plans and directives to implement specific activities of the project in line with local conditions.
Hà Nội prepares for temperature drop as cold front approaches

Hà Nội prepares for temperature drop as cold front approaches

According to the NCHMF, the cold front will result in temperatures dropping sharply across the northern region.
Hundreds of damaged irrigation reservoirs need repairing

Hundreds of damaged irrigation reservoirs need repairing

Việt Nam's system of dams and reservoirs is facing numerous challenges. Unusual rainfall patterns, flash floods due to climate change and the degradation of many structures pose significant safety risks.
Greening e-commerce crucial for sustainable development

Greening e-commerce crucial for sustainable development

(VEN) - While e-commerce has emerged as a leading sector of the digital economy, driving economic growth and leading the digital transformation of businesses, it has also resulted in significant waste with adverse environmental impacts.
Việt Nam and Korean NIPA strengthen tech cooperation

Việt Nam and Korean NIPA strengthen tech cooperation

The Minister of Information and Communications, Nguyễn Mạnh Hùng, commended NIPA for its contributions in assisting Việt Nam in establishing a legal framework for the draft digital industry law.
Cyberattack risks surge with AI advancements

Cyberattack risks surge with AI advancements

Cyberattacks are becoming more sophisticated and complex, especially with the assistance of artifical intelligence (AI), said Deputy Minister of Information and Communications Bùi Hoàng Phương.
People, community at heart of digital transformation: Deputy PM

People, community at heart of digital transformation: Deputy PM

He called on countries and organisations to bolster close cooperation to build an Internet community of safety, responsibility and development while laying stress on Việt Nam's significant progress in the digital transformation programme.
AI is core technology of 4th Industrial Revolution: Minister

AI is core technology of 4th Industrial Revolution: Minister

Minister of Information and Communications Nguyen Manh Hung on November 19 emphasised that artificial intelligence (AI) is the core technology of the 4th Industrial Revolution, as important as the steam engine of the first Industrial Revolution, the power generator of the 2nd Industrial Revolution and the personal computer of the 3rd Industrial Revolution.
WB suggests five pillars for Vietnam’s electric transport plans

WB suggests five pillars for Vietnam’s electric transport plans

Vietnam’s roadmap for transitioning to electric vehicles (EVs) and decarbonising the transport sector should focus on five key pillars, including EV production, stimulating consumer demand, developing charging infrastructure, ensuring electricity supply, and training a highly skilled workforce, according to a report issued by the World Bank on November 22.
Association boosts insurance sector’s sustainable development

Association boosts insurance sector’s sustainable development

(VEN) - The Insurance Association of Vietnam has effectively played its role as a bridge between its member insurance companies and relevant state authorities while protecting the legitimate rights and interests of its members. Vietnam Economic News’ Kim Xuyen spoke with Nguyen Xuan Viet, Chairman of the Insurance Association of Vietnam about this.
Vietnam, Venezuela step up educational cooperation

Vietnam, Venezuela step up educational cooperation

Mexico City - An educational cooperation agreement for the 2024-2029 period was signed by Vietnam’s University of Technology and Management (UTM) and Andrés Bello Catholic University (UCAB) of Venezuela on November 21 as part of activities celebrating the 35th anniversary of diplomatic relations between the two countries (December 18, 1989-2024).
A series of scientific seminars on influenza prevention

A series of scientific seminars on influenza prevention

In Ho Chi Minh City, Sanofi Southeast Asia and India successfully organized and leveraged a series of scientific seminars on influenza, attracting over 400 healthcare professionals from both the region and around the globe.
Doubling insurance product’s payout significantly benefits customers

Doubling insurance product’s payout significantly benefits customers

(VEN) - The Agriculture Bank Insurance Joint Stock Corporation (ABIC) has officially doubled the maximum payout for its Bao An insurance product to VND1 billion. This is a major breakthrough, enhancing financial protection for customers amid an increasingly volatile economy and rising demand for financial security.
PJICO: 30 years of development

PJICO: 30 years of development

(VEN) - Throughout the past 30 years of establishment and development, Petrolimex Insurance Corporation (PJICO) has solidified its position in the non-life insurance sector and overcame numerous challenges.
VN takes part in food and beverage fair in Chicago

VN takes part in food and beverage fair in Chicago

The event is organised by the Private Label Manufacturers' Association (PLMA).
Hòa Bình honey awaits reactions from UK

Hòa Bình honey awaits reactions from UK

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.
tcty-dau-khi-vn-pv-power-2022
Vibrant cultural rendezvous in Hanoi

Vibrant cultural rendezvous in Hanoi

(VEN) - The 2024 International Food Festival will take place from December 7-8 in Hanoi, aiming to promote cultural and culinary exchange among nations.
Cultural activities celebrate Việt Nam Heritage Day

Cultural activities celebrate Việt Nam Heritage Day

One hundred paintings from traditional folk painting villages in Việt Nam will go on display at the central city’s Fine Arts Museum in celebration of Heritage Day from November 22-30.
Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

Bac Ninh Province: Dong Ho folk painting needs urgent safeguarding

(VEN) - Dong Ho folk painting village, located in Dong Khe Hamlet, Song Ho Commune, Thuan Thanh Town, Bac Ninh Province, boasts an over-400-year history. Its origin is tied to the Vietnamese tradition of hanging paintings during the Lunar New Year (Tet), the Mid-Autumn Festival, and ancestor worship.
Vietnamese designers tell stories of culture at Fashion Week

Vietnamese designers tell stories of culture at Fashion Week

Vietnamese fashion designers took audiences in Hà Nội on a journey to explore the country’s culture and heritage through their new collections presented at the Aquafina Việt Nam International Fashion Week (AVIFW) Fall/Winter 2024.
Golden time for community-based tourism development

Golden time for community-based tourism development

(VEN) - Community-based tourism is a model in which local communities provide tourists with products and services and share the benefits generated by tourism.
Christmas Festival to entertain visitors to Đà Nẵng

Christmas Festival to entertain visitors to Đà Nẵng

A public space in celebration of Christmas Day and New Year – Danang X’mas-New Year – will be opened at the pedestrian area and stages on the Hàn River banks near the Rồng (Dragon) Bridge from December 19 to January 2, offering entertainment and festive activities for all residents and visitors.
How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

How trekking the mountains lifted me up and above ... the clouds: conquering Lùng Cúng

Not only is trekking to the top of a mountain an active physical workout and you get a clean intake of oxygen, it is about the joy of overcoming yourself.
Blooming buckwheat flowers on Ha Giang roads

Blooming buckwheat flowers on Ha Giang roads

(VEN) - When buckwheat flowers on the hills and in the valleys of the Dong Van karst plateau bloom, it is also the peak tourist season in the Northernmost province of Ha Giang.
Mobile Version