HANOI, Sept 23 (Reuters) - Vietnam aims to have at least
one semiconductor fabrication plant and 10 packaging plants by
2030, and will launch a fund to help foreign investors mitigate
the impacts of the global minimum business tax, the government
said on the weekend.
The country's semiconductor industry is targeting revenue of
$25 billion by 2030, the government said in a statement after
the release of its semiconductor industry development strategy
on Saturday.
The Southeast Asian country, a regional manufacturing hub,
is seeking to move to high-tech industries from labour-intensive
ones. As part of its drive, the country aims to have 50,000
semiconductor engineers by 2030, the government said.
Several global electronics and semiconductor firm including
Intel ( INTC ), Samsung, Amkor Technology ( AMKR ), Qualcomm ( QCOM ) and Marvell
Technology ( MRVL ) have facilities in the country.
Beyond the initial 2030 target, the government said it plans
to have at least three semiconductor fabrication plants and 20
packaging plants, with annual revenues of $100 billion, by 2050.
In July, the Ministry of Planning and Investment said it was
finalising a draft plan to set up a fund to help attract foreign
investment into high-tech industries and maintain the country's
competitiveness.