Daily Archives: 06/07/2024

Five risks for foreign companies investing in Vietnam

In the “fact sheet” of the US White House website, it is recorded that when US President Joe Biden met Nguyen Phu Trong’s delegation in Hanoi on September 10, 2023 during the diplomatic signing ceremony “Comprehensive Strategic Partnership Vietnam-United State” President Joe Biden states: “The United States recognizes Vietnam’s potential to play an important role in building a semiconductor supply chain capable of manufacturing and technology under the US CHIPS Act” [1]. This is a promise that pleases the leaders of the Communist Party of Vietnam (CSVN). The CHIPS Act (Đạo Luật Creating Helpful Incentives to Manufacture Semiconductors) was passed by the US Congress and signed into law in August 2022 with a budget of 280 billion USD in financial subsidies for semiconductor manufacturing companies. This includes 52.7 billion USD [2] for semiconductor research and production in the US, 39 billion USD for subsidies for chip manufacturing activities everywhere, 13 billion USD for semiconductor materials research and workforce training. workers with the aim of strengthening US supply chain resilience and countering China [3]. 174 billion USD invested in the ecosystem, scientific research of quantum computing, materials science, biotechnology, experimental physics… [Đọc tiếp]

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