Vietnam requests Samsung to help train 50,000 semiconductor engineers

By Xuan Hoa   March 5, 2024 | 01:48 am PT
Vietnam requests Samsung to help train 50,000 semiconductor engineers
Several chip products are seen at a booth by the Vietnam National University in HCMC at an innovation event, October 2023. Photo by VnExpress/Luu Quy
Deputy Prime Minister Tran Luu Quang has requested Samsung to help Vietnam train 50,000 semiconductor engineers by 2030.

At a Monday reception ceremony for Choi Joo Ho, general director of the Samsung Vietnam Complex, Quang said he highly regarded Samsung's investment activities in Vietnam for having contributed to the country’s trade turnover and economic development.

He also highly regarded the Vietnamese engineers working at Samsung’s research and development center in Hanoi.

Quang said the Vietnamese government values the improvement of the investment environment, as well as bolstering transformation and providing opportunities for foreign firms to operate in the long term in Vietnam.

He requested Samsung to continue cooperating with the National Innovation Center (NIC) and helping Vietnam reach its goal of training semiconductor engineers.

Samsung Vietnam and NIC have signed a cooperation memorandum on developing high technologies for Vietnamese youth. The firm, along with the Vietnam National University (VNU) in Hanoi, have signed a cooperation memorandum to train 40 students at VNU within four years into future leaders in the semiconductor sector.

Choi said Samsung would consider further cooperation with NIC and help Vietnam with training personnel for the semiconductor industry. Samsung’s R&D center currently has 2,400 working engineers, with several Vietnamese personnel being key members in the research of AI functions of new phones.

Last year, Samsung added US$1.2 billion to its investments in Vietnam, totaling $22.4 billion. Each year, the South Korean firm is expected to add $1 billion to its investments in Vietnam.

Vietnam’s semiconductor industry needs around 10,000 engineers, but the current workforce can only satisfy 20% of that demand. Vietnam is considered to be a high-potential market for the chip and semiconductor industry. A Technavio report anticipated Vietnam’s semiconductor market to increase by $1.65 billion in the 2021-2025 period, with a growth speed at around 6.5% a year.

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