The risks of a major conflict in Taiwan have led to an increase in foreign investment in the production of microchips in Vietnam

The risks of a major conflict in Taiwan have led to an increase in foreign investment in the production of microchips in Vietnam

Economists at Fulbright University project that Vietnam's semiconductor and microchip workforce needs will be about 20 engineers over the next five years and 000 engineers over the next 50 years.

Regarding Vietnam's ability to train highly qualified personnel for work in the semiconductor industry, Nguyen Thu Thu, director of the Department of the Ministry of Education, said that the number of microchip design engineers in the country today is about 5000, which is critically low for the development of the industry.

According to analysts, according to the most conservative estimates, the increase in personnel in the field of the semiconductor industry will have to be at the level of “plus 3000” engineers per year, and at least 30% of them will have postgraduate education.

Vietnam is home to more than 50 foreign-invested enterprises that have invested in the microelectronics and semiconductor industry and have a strong demand for highly skilled labor, especially in the field of microchip design. However, staffing is a problem, and in order not to lose investments, the Vietnamese government is trying to find a solution.

Vietnam expects that the new government program will lead to the fact that in the near future even more large global corporations will invest in Vietnam in the development and production of microchips, the need for which is only growing in the world market. Many experts believe the risks of a major conflict in Taiwan are the reason why corporations have begun to invest in microelectronics production in Vietnam, seeing Vietnam as a safe haven for their investments. Beijing has repeatedly stated that it is ready to return Taiwan by any means, including military.

The director of the Department of the Ministry of Education of Vietnam said that the country has many government projects aimed at encouraging higher education institutions to expand and develop training programs in science, technology, engineering, mathematics, and information technology and communications-related sectors.

From 2019 to 2022, the number of new students in the above fields increased by an average of 10 percent per year, exceeding the overall growth rate of 6,5 percent. The segments with the highest annual growth rates were information technology (17,1 percent) and engineering technology (10,6 percent).

Leading technological universities in Vietnam have already responded that they are ready, in terms of training, to meet the demand for human resources in the semiconductor and microchip industry.

Thu also mentioned the challenges faced by educational institutions in attracting students and improving the quality of teaching to meet stringent business demands, saying there is a need to have appropriate government support policies in place.
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    1. -4
      31 October 2023 06: 44
      Grain for Vietnam – microchips for Russia
    2. +5
      31 October 2023 06: 47
      About a quarter of Vietnam's GDP comes from electronics manufacturing. This is already a fact.
    3. +1
      31 October 2023 07: 05
      the new state program will lead to the fact that in the near future even more large global corporations will invest in Vietnam in the development and production of microchips
      It’s probably not in vain that the Americans have been courting Vietnam for so many years, pursuing not only geopolitical interests, but also economic ones. And I think the Vietnamese, with their persistence and efficiency, will solve the personnel problem in this industry.
      1. 0
        31 October 2023 07: 39
        A holy place is never empty.
        With all that, despite the fact that the Vietnamese do not forget anything, the temporary departure of Russia from the orbit of the world's main political and economic players harmed our relations with many countries, which... in general, were hiccuped by all sorts of bullies, drunks, Kozyrevs and others, to the rest, radish! We won’t remember them with a kind word, and we’re not the only ones.
    4. 0
      31 October 2023 07: 30
      The risks of a major conflict in Taiwan have led to an increase in foreign investment in the production of microchips in Vietnam
      . In general, it is natural that the owners of high-tech, complex industries will look for... a “quiet pool” where nothing will threaten their business! And to debug production, to provide themselves with the necessary productive personnel, is a matter of time and the resources that they are willing to spend on this whole matter.
      In general, we will see.
      1. +1
        31 October 2023 07: 36
        And China will receive a shelf, borders 300 km to the east. Recognition by a superpower. The opportunity to “unite” the Chinese in Indonesia and the like in Southeast Asia. Other trade routes. Control of the eastern and southern China seas. Fuck the chips if there are postgraduate teachers in the same quantity and quality.
    5. 0
      31 October 2023 07: 34
      Strategically, the West locates its chip production around China. bully
    6. 0
      31 October 2023 10: 18
      The note strangely mixes chip production and design.
      Design specialists are in demand.
      Does this mean that everything is already set up with production capacity there?
      Whose photolithographs are there, who supplies the consumables? Given the declared trend of the United States to return chip production to its territory, who can be behind this?
      American corporations that do not want to follow this course? Japanese? Koreans?
      Some questions.
    7. 0
      31 October 2023 10: 47
      1. The conflict over the island province of the PRC is postponed until the results of the meeting between Comrade Xi and the interim President of the United States.
      2. Vietnam plays an important role in the blockade of the PRC. To this end, they are trying to buy Vietnam with investments and joint projects and thus harness it to their anti-Chinese harness.
      3. Everyone understands perfectly well that the issue of the island province of the PRC will be resolved one way or another before the end of Comrade Xi’s third term and, with a high degree of probability, in favor of the PRC. This predetermines the inevitable loss of the island province’s monopoly on the production of microchips - the PRC has allocated huge budgetary allocations for the import substitution program for all the most important components of digitalization and microchip production, and US citizens around the world are buying up leading specialists and building the largest microchip production plant in Arizona.
      4. Production chains are infinitely long and individual production of components is more profitable to locate in government entities of the third world, thereby killing two rabbits - reducing the cost of the final product and the political economic dependence of component manufacturers on the United States, in this case Vietnam.

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