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vietnam's semiconductor talent outflow is serious, and the industry: the vision of "replacing china" is vague

2024-08-29

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according to a report by vietnam news agency on the 26th, vietnam recently issued the "government decree on strengthening the training of high-quality human resources in the fields of semiconductor chips, artificial intelligence and cloud computing", proposing that government departments need to guide universities and institutions to research and establish specialized units that focus on training talents in the fields of semiconductors, artificial intelligence and cloud computing, and speed up the completion of the "2030 semiconductor industry human resources development and 2050 vision proposal", and proactively verify and give priority to scientific research projects related to talent training and education in universities and institutions such as semiconductors, artificial intelligence, and cloud computing. according to a report by the ministry of information and communications of vietnam, vietnam's information technology and digitalization industries require about 150,000 engineers per year, but currently only 40% to 50% of this demand can be met. among them, the semiconductor industry requires up to 100,000 engineers per year, but currently only less than 20% of the demand can be met. according to the report, by 2024, the output value of vietnam's semiconductor industry is expected to exceed us$6.16 billion, and it is expected to become one of the important production centers of many semiconductor companies in the world, which is both an opportunity and a challenge for vietnam. compared with its surrounding competitors, the current treatment of semiconductor talents in vietnam is not competitive. according to hong kong's asia times, vietnamese engineers earn about $8,000 a year, only about half of their malaysian counterparts. korean engineers earn $34,000, taiwan $46,000, and japan and singapore $50,000 and $68,000, respectively. the difference in pay also explains why the us chip giant intel has set up its largest semiconductor packaging and testing plant in vietnam, while setting up a more advanced 3d chip packaging production base in malaysia. taiwan's public television service reported that vietnam is already the location of intel's largest semiconductor packaging and testing plant. in addition, south korea's samsung, amkor and hana micron have also entered vietnam, but these international semiconductor companies' investments in vietnam are concentrated in the packaging and testing fields at the end of the supply chain and with lower value, which is still a big gap from the high-end chip design and manufacturing links. according to the report, five universities in vietnam have added semiconductor and chip design courses, but due to low salary levels, the crisis of high-end talent outflow still exists. a report by huatai securities shows that vietnam's semiconductor industry is currently mainly concentrated in the red river delta in the north and around ho chi minh city in the south. its semiconductor development is highly dependent on foreign investment, and its production equipment is also highly dependent on imports. taiwan's economic and trade perspective biweekly reported on the 27th that vietnam has shown firm determination in developing the semiconductor industry ecosystem, but developing a strong semiconductor ecosystem requires large investments in research and development, professional talent training, advanced manufacturing capabilities and infrastructure. vietnam faces huge challenges in realizing the emerging potential of the semiconductor industry. luo guozhao, a domestic semiconductor industry analyst, told the global times on the 28th that the development of vietnam's semiconductors has benefited to a certain extent from the united states' suppression of china in the high-tech industrial chain. some semiconductor companies have invested in vietnam to set up factories out of the so-called "de-risking" needs. however, vietnam has not yet formed a complete semiconductor industry chain and ecological system, and the vision of realizing the "china substitution effect" is still relatively vague. ▲
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