According to the commission’s macroeconomic outlook report, Vietnam is emerging as an attractive destination for investors in science and technology, especially semiconductors. This is largely due to high-quality human resources at competitive cost, upgraded infrastructure, increasingly open and transparent policies, and high political determination of Party and State leaders.

Resolution No. 57-NQ/TW, issued by the Politburo on December 22, 2024, outlines a breakthrough strategy for science and technology development, innovation, and national digital transformation. It sets the goal of raising the technology and innovation capability of businesses to above the global average level, with certain fields of science and technology reaching international standards.

Additionally, the Government is implementing many policies and concrete actions, including improving regulatory frameworks and launching a workforce development programme and a strategy for the semiconductor industry.

According to Doan Huu Hau, director of digital transformation services and AI applications at FPT Digital, Vietnam's economy has maintained stable growth thanks to sound macroeconomic policies, strong export growth, and the sustainable development of key industries and the domestic consumer market.

Moreover, Vietnam’s geopolitical advantages and stable policies make it an attractive destination for foreign investors, he said.

However, amid the surge in investments in the semiconductor industry and innovation, Vietnam also faces such challenges as global economic volatility, constantly evolving policies and regulations, and requirements for infrastructure development, risk management, and IT capacity.

To foster the development of AI and semiconductor industry, Vietnam will focus on several key solutions, including developing strategic infrastructure, improving regulatory frameworks, simplifying administrative procedures, and promoting workforce training.

The Ministry of Finance plans to present amendments of the Law on State Budget to the National Assembly in May, aiming to address institutional bottlenecks related to funding for basic science and technology, said Minister Nguyen Van Thang./.