Nearly 20 Japanese businesses have conducted an October 11 visit to Ho Chi Minh City’s Integrated Circuits Design Research and Education Center (ICDREC), investigating opportunities to develop a microchip semi-conductor industry.
The Japanese delegation commended the city’s tech industry on its recent work with semi-conductors, its qualified workforce, and its modern infrastructure.
Japanese businesses expressed keen interest in HCM City Hi-Tech Zone and its associated investment incentives.
The high-tech zone currently contains 74 investment projects, 58 of which are valid and capitalised at US$2 billion. A quarter of the projects underway are in micro-electronics and telecommunications, information, and technology.
Business representatives discussed the potential for initiatives developing HCM City’s emerging microchip semi-conductor industry, including cooperative training programmes, and technology transfers between Vietnam and Japan.
Daisuke Yoshimitsu, a member of Kyushu Semiconductor Industries & the Electronics Technology Innovation Association (SIIQ), said Vietnam is a tempting destination for future investment.
He noted it might take Vietnam 40–50 years to develop a microchip industry equal to Japan’s. But he also reaffirmed Japan’s commitment to comprehensively supporting Vietnam’s factory construction and its emerging hi-tech zones.