Abu Dhabi: Vietnam will invest approximately 12.8 trillion Vietnamese dong (US$501.2 million) to construct a small-scale semiconductor chip manufacturing facility aimed at research, design, production, packaging, and testing, as reported by local media. According to Emirates News Agency, Nguyen Khac Lich, the Director of the Department of Information and Communications Technology, indicated that enterprises investing in this facility would receive support. The government plans to cover 30 percent of the total investment directly from the central budget, provided the plant is operational by December 31, 2030. The total support will not exceed 10 trillion dong (US$391.6 million). Vietnam outlined a strategy for the development of its semiconductor industry last year, with goals set until 2030 and a long-term vision for 2050.
