US launches International Technology Security and Innovation Fund in Vietnam
Friday, September 13, 2024, 15:00 GMT+7
The United States and Vietnam commemorate the first anniversary of establishing their Comprehensive Strategic Partnership with the launch of a fund focused on workforce development and public policy in the semiconductor industry.
On Wednesday, the U.S. International Technology Security and Innovation (ITSI) Fund was officially launched in Hanoi.
The event was organized by the National Innovation Center (NIC) in collaboration with the U.S. Department of State, the U.S. Embassy in Vietnam, and Arizona State University (ASU).
The ceremony also included the participation of several educational institutions that are testing new training programs that meet international standards for semiconductor packaging and testing.
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| U.S. Ambassador to Vietnam Marc Knapper believes that Vietnam and the U.S. will effectively collaborate in the coming years, making breakthroughs in the semiconductor industry. |
This initiative is considered a major step forward for Vietnam in enhancing its position in the semiconductor industry while simultaneously developing its workforce and public policy.
At the event, Vietnamese Minister of Planning and Investment Nguyen Che Dung affirmed that in the long term, Vietnam could strengthen its international standing in the semiconductor supply chain and make semiconductors a cornerstone of the cooperative relationship between Vietnam and the United States.
The Vietnamese government and the Ministry of Planning and Investment are committed to supporting and facilitating the investment, business, and innovation activities of U.S. technology companies in Vietnam.
U.S. Ambassador to Vietnam Marc Knapper underlined the significance of the initiative, stating that his country was proud to work with Vietnam toward sustainable development through high-quality workforce training.
The diplomat remarked that Vietnam and the U.S. could shape the semiconductor industry for many years to come.
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| Vietnam is anticipated to emerge as one of the leading nations making significant breakthroughs in the semiconductor industry in the coming years. |
These efforts align with Vietnam’s long-term goals of positioning itself as a leader in technology and innovation.
By nurturing talent and improving the cooperative policy framework, Vietnam aims to attract more key partners and contribute to the development of the global semiconductor ecosystem.
Vietnam is one of eight strategic countries selected for this initiative, alongside Costa Rica, Mexico, Panama, Indonesia, the Philippines, Kenya, and India.
The U.S. Department of State has awarded Arizona State University $13.8 million to promote talent development and provide public policy recommendations in these countries.
