Vietnam Semiconductor Prospect
- Vietnam has a lot of potential to develop semiconductor industry. This industry can soon become a key economic sector of Vietnam and the country has enjoyed many opportunities to attract investment in the industry.
- Revenue in the Semiconductors market is projected to reach US$18.23bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.48%, resulting in a market volume of US$31.39bn by 2029.
- We believe that the prospects for developing Vietnam’s chip and semiconductor industry are still very open thanks to Vietnam’s outstanding advantages including strategic geographical location and the improving internal strength of the economy, a large & growing high-quality workforce, large rare earth reserves and Government policies to promote the semiconductor industry.
- Currently, Vietnam’s semiconductor industry is still in its infancy. However, with the movement of semiconductor giants into Vietnam (Samsung, Amkor, Nvidia, Qualcomm), and new advances of domestic technology corporations such as FPT and Viettel in chip design activities, we believe that in the long term, Vietnam will penetrate deeper into the industry’s value chain.
- In addition, the supporting industry for the semiconductor industry is also a potential market.
GTJASVN Research_Semiconductor industry Overview_July 2024
