Vietnam, Intel deepen strategic ties in AI and semiconductor sectors

Vietnam, Intel deepen strategic ties in AI and semiconductor sectors

A delegation from the Ministry of Finance (MoF) met with Intel leaders on March 13 to discuss cooperation in AI and semiconductors, aiming to position Vietnam as a regional tech hub and deepen bilateral trade-investment ties.

The meeting with senior executives of the US tech giant was part of the MoF's working trip to the United States to participate in the SelectUSA Investment Summit.

The event aimed to promote strategic cooperation in AI and semiconductors, two key industries identified as core drivers of growth for both Vietnam and the US in the coming decade. The collaboration also aligns with broader goals to balance trade and investment between the two nations.

During the meeting with Sarah Kemp, vice president for nternational government affairs at Intel, Deputy Minister of Finance Cao Anh Tuan highlighted Vietnam’s strong presence at the summit, with over 100 Vietnamese businesses participating, making it the third-largest delegation joining the event, underscoring the Vietnamese government's consistent policy and commitment to viewing the US as a comprehensive strategic partner and a top destination for Vietnamese businesses seeking cooperation and investment opportunities.

Tuan said Intel’s long-standing and sustainable investment in Vietnam over nearly two decades.

"Intel Products Vietnam (IPV) is currently the corporation’s largest global assembly and test facility for semiconductor chips. The facility accounts for over half of Intel’s global chip testing output and has contributed more than $90 billion in export value to Vietnam since 2010," said Tuan.

Tuan also acknowledged Intel’s pioneering role in collaborating with the National Innovation Centre (NIC) to implement the ‘AI for All’ initiative, a groundbreaking programme designed to boost AI knowledge and help train over 10,000 highly skilled professionals in AI and semiconductor technologies for Vietnam, and the AI for the public sector initiative, which was recognised as a key strategy in advancing Vietnam’s e-government goals.

Sharing Vietnam’s policy priorities in workforce development and technological investment, Tuan stated that last September, Vietnam’s Prime Minister Pham Minh Chinh approved a national programme for developing human resources for the semiconductor industry.

The programme aims to train at least 50,000 university-level or highly skilled professionals for the semiconductor industry.

"Vietnam hopes Intel will play an active role in designing curricula, offering scholarships, providing academic resources, and supporting hands-on training for students," said Tuan.

He encouraged Intel to consider the establishment of a research and development centre in Vietnam which might be located in Hoa Lac Hi-Tech Park in Hanoi, with the broader ambition of positioning Vietnam as Intel’s core technology hub in Asia.

“We look forward to Intel working closely with the MoF and its relevant departments to effectively implement these initiatives in the near future,” Tuan said.

Kemp also praised the Vietnamese government, particularly the MoF, for its early vision in 2006, when Vietnam offered preferential policies to pioneering high-tech investors.

“These policies and Vietnam’s respectful engagement with businesses form the foundation for Intel’s long-term development strategy in the country,” Kemp said. “We truly appreciate the Vietnamese government’s support for companies advancing high-tech sectors, especially through enabling policy frameworks.”

VIR