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Vietnam Urges Qualcomm, Samsung to Expand Investment in AI and Semiconductors
Top Vietnamese officials held meetings with senior executives from Qualcomm and Samsung Electronics, urging the technology giants to expand their investments in high-tech sectors like artificial intelligence and semiconductors, according to government statements released Thursday.
A Push for High-Tech Growth
In separate meetings in Hanoi, Vietnamese leaders articulated a national strategy to shift the country's growth model toward one driven by science, technology, and innovation. The government is actively courting foreign investment to bolster its capabilities and establish itself as a key player in the global tech landscape.
Communist Party General Secretary and President To Lam met with Qualcomm CEO Cristiano Amon, asking the U.S. chip designer to increase its investment in several key areas, a government statement said. These include:
- Artificial intelligence (AI) and semiconductors
- Robotics and data centers
- 5G/6G and next-generation connectivity
Qualcomm's R&D Ambitions
AdQualcomm, which already operates a research and development center in Hanoi, responded positively to the call. Amon was quoted in the government statement as saying the company wants to develop its presence in Vietnam into its third-largest global AI research and development hub.
The company has existing collaborations with Vietnamese firms such as Viettel and VinSmart, and the proposed expansion would significantly deepen its footprint in the country.
Samsung's Enduring Partnership
In a separate meeting, Prime Minister Le Minh Hung met with Samsung Electronics CEO Roh Tae-moon, encouraging the South Korean conglomerate to remain a key partner in developing Vietnam's industrial base. According to a government statement, Samsung has already invested $24 billion in Vietnam.
Samsung's role as a major manufacturer was highlighted, with its Vietnamese mobile phone entities reaching cumulative exports of $500 billion by the end of June since production began 17 years ago. Roh was quoted as saying Samsung plans further investment and training, and is working to integrate more local firms into its global supply chain.
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