Hanoi: Party General Secretary To Lam and Prime Minister Pham Minh Chinh attended the ground-breaking ceremony of Vietnam's first semiconductor chip manufacturing plant on January 16. This event is part of a series of initiatives celebrating the upcoming 14th National Party Congress. The ceremony, held at the Hoa Lac High-Tech Park in Hanoi, signifies Vietnam's initial move towards establishing domestic capabilities in semiconductor chip manufacturing. This step is seen as foundational for achieving long-term technology mastery and fostering the development of a semiconductor ecosystem within the country.

According to Vietnam News Agency, the establishment of this plant is a significant milestone for Vietnam's technological ambitions. By investing in semiconductor manufacturing, Vietnam aims to reduce its reliance on imported technology and establish itself as a competitive player in the global semiconductor market. The government views this initiative as crucial for economic growth and technological advancement, aligning with national goals of innovation and self-reliance.