Vietnam’s semiconductor industry to secure annual revenue of 25 bln USD by 2030

HANOI, Sept. 23 (Xinhua) — Vietnam’s semiconductor industry is expected to secure annual revenue of more than 25 billion U.S. dollars and an added value growth rate of 10-15 percent by 2030, according to a strategy for developing the country’s semiconductor industry by 2030, with a vision to 2050.
From 2030 to 2040, the country targets respective annual revenues of over 50 billion dollars and 485 billion dollars for the semiconductor and electronics industries, which are expected to record an added value growth rate of 15-20 percent, Vietnam News Agency reported Monday.
By 2050, the semiconductor and electronics industries are expected to double annual revenues and reach a growth rate of 20-25 percent in added value.
Vietnam will complete a self-reliant semiconductor industry ecosystem taking the lead in some steps and segments of the production chain during 2040-2050, according to the strategy. ■