The semiconductor industry is a vital sector that produces electronic devices necessary for national security. Vietnam can become a hub for the industry in Southeast Asia due to its young population, low labor costs, and favorable geographic location. However, the need for more skilled engineers is a significant challenge facing the industry in Vietnam.
Vietnam’s current pool of trained engineers must be increased to meet the semiconductor industry’s demands and support its expansion. The need for more skilled engineers poses a significant challenge that must be addressed promptly. One solution is to increase the number of engineering graduates by expanding universities and colleges. Vietnam can establish partnerships with prestigious universities worldwide to provide young engineers with the necessary knowledge, skills, and tools to boost their competence in the semiconductor industry.
Another solution is to simplify the work permit process to make it more accessible for foreign engineers to work in Vietnam. This approach will assist in overcoming the skills gap in the short term while paving the way for long-term investments in Vietnam’s engineering sector. A streamlining approach to the work permit process will encourage international professionals to work in Vietnam and stimulate a knowledge transfer from foreign experts to the local workforce.
Investing in training programs for existing engineers is another solution to address the skills gap in the semiconductor industry. By providing upskilling and reskilling opportunities, engineers can acquire the necessary expertise in semiconductor manufacturing technologies, enhancing their competence and employability. Moreover, supporting existing engineers will boost Vietnam’s local talent pool and open doors for new job opportunities.
The US government is also keen on supporting Vietnam’s semiconductor industry and is considering investing $500 million through the CHIPS Act to help establish semiconductor manufacturing plants in Vietnam. Collaboration between Vietnam and the US can ensure the industry remains robust and globally competitive. Vietnam will have an expanded market and increased revenue, while the US can access a cheaper labor market.
The semiconductor industry plays a vital role in producing electronic devices and is crucial for Vietnam’s economy and national security. The industry has far-reaching benefits for job creation, technological advancement, and economic growth. However, overcoming the shortage of skilled engineers requires the collaborative efforts of both the public and private sectors in Vietnam and international partners. By expanding universities and colleges, streamlining the work permit process, and investing in training programs, Vietnam can create a skilled workforce supporting sustainable growth in the semiconductor industry.