FPT Corporation, a global technology group, and FCC Partners of Taiwan (China) will work closely to establish the Vietnam Semiconductor Industry Development Fund.

This plan was formalized by a Memorandum of Understanding (MOU) signed by both sides on August 8.

The signing ceremony. Photo: FPT

This initiative will focus on developing human resources, attracting foreign investment in the semiconductor sector, supporting startups, and fostering innovation to boost Vietnam's semiconductor industry.

This strategic partnership aims to promote investment cooperation, commercial development, and overall growth in the high-tech sector, particularly in semiconductors, for the benefit of both Taiwan (China) and Vietnam.

FCC Partners, the Taiwan-based investment banking firm, will introduce potential partners and customers and help FPT Software expand its market presence in Taiwan.

The Taiwanese firm will facilitate connections between FPT Education and Taiwanese universities, creating opportunities for educational collaboration and workforce training for both parties.

Speaking at the signing ceremony,  CY Huang, Chairman of FCC Partners, said that this partnership marks a significant milestone in their development strategy in Vietnam and opens doors for cooperation in various fields such as investment funds, semiconductors, software, education and green transformation.

He highlighted Taiwan's strengths in technology, especially in semiconductors and artificial intelligence, and emphasized the mutual benefits of Vietnam-Taiwan cooperation.

"We are optimistic about future successes and confident that this cooperation will enhance the status of Vietnam's high-tech and semiconductor industries," said CY Huang.

Truong Gia Binh, Chairman of FPT Board of Directors, reaffirmed the urgency of joining the global semiconductor supply chain, saying, "The world cannot do without chips, so the semiconductor industry will not wait for any country. Vietnam and Taiwan, together with FPT and FCC partners, must quickly enter this global supply chain.

Vietnam has significant advantages, especially in human resources, to participate in this industry, he pointed out.

"If we prepare our workforce effectively, Vietnam will gain the trust of international partners and encourage investment and development in the semiconductor manufacturing and supply chain."

Binh suggested that following this collaboration, both parties should explore establishing research facilities in major cities such as Hanoi, Danang, and Ho Chi Minh City.

He expressed the hope that FCC Partners will attract investors to Vietnam to speed up the training of workers so that Vietnamese professionals can work for FPT or other companies, whether in Vietnam, Taiwan (China), Japan, the US, and other countries.