Press Release

Vietnam Semiconductor Market is expected to register a CAGR of 7.4% through 2030F

The Vietnam Semiconductor Market is increasing due to robust electronics manufacturing growth, government incentives, and rising demand for advanced technologies during the forecast period 2026-2030F


According to TechSci Research report, “Vietnam Semiconductor Market By Region, Competition Forecast & Opportunities, 2030FVietnam Semiconductor Market has valued at USD 18.6 billion in 2024 and is expected to reach USD 28.8 Billion in 2030 and project robust growth in the forecast period with a CAGR of 7.4% through 2030. The increasing adoption of advanced technologies such as 5G, AI, IoT, and automotive electronics is driving significant growth in the Vietnam semiconductor market. These emerging technologies rely heavily on semiconductor components to enable their functionalities, driving demand for a wide range of chips, sensors, and other semiconductor solutions. The deployment of 5G networks is driving demand for semiconductor components such as RF (Radio Frequency) chips, baseband processors, and power management ICs (Integrated Circuits) to support high-speed data transmission and low-latency communication. Moreover, the growing adoption of AI across various industries, including healthcare, finance, manufacturing, and automotive, is fueling demand for specialized semiconductor solutions such as AI accelerators, neural network processors, and edge computing chips. Additionally, the expansion of IoT applications in smart cities, industrial automation, agriculture, and healthcare is driving demand for semiconductor components such as microcontrollers, sensors, and connectivity chips to enable connectivity, data processing, and control functionalities. Furthermore, the automotive industry's increasing integration of advanced electronics and semiconductor solutions for ADAS (Advanced Driver-Assistance Systems), infotainment systems, and electric vehicles is driving significant growth in the semiconductor market. As Vietnam continues to embrace and adopt advanced technologies across various sectors, the demand for semiconductor solutions is expected to grow exponentially, driving sustained growth in the semiconductor market.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Vietnam Semiconductor Market"

 

The Central Vietnam region has emerged as the fastest-growing area in the Vietnam semiconductor market due to a confluence of strategic factors that uniquely position it for rapid development. One of the primary drivers of this growth is the region's robust infrastructure, which has been significantly enhanced over the past decade. Key cities in Central Vietnam, such as Da Nang and Hue, have seen extensive investments in transportation networks, including airports, seaports, and highways, facilitating efficient logistics and supply chain operations. This improved infrastructure is crucial for semiconductor manufacturing, which relies heavily on timely delivery of raw materials and components, as well as the export of finished products. Central Vietnam benefits from a favorable geographical location, being situated between the northern and southern economic hubs of Hanoi and Ho Chi Minh City. This strategic positioning allows companies in Central Vietnam to easily collaborate and integrate with the broader national and regional supply chains. The region's proximity to major Southeast Asian markets also enhances its attractiveness to international semiconductor firms looking to establish a presence in Vietnam. As companies seek to diversify their manufacturing bases amid global supply chain uncertainties, Central Vietnam offers a compelling alternative with its balanced mix of connectivity and strategic location. Significant factor contributing to the rapid growth of the semiconductor market in Central Vietnam is the government's proactive economic policies. The Vietnamese government has designated several high-tech industrial zones in the region, offering attractive incentives to foreign and domestic investors. These incentives include tax breaks, land lease reductions, and streamlined administrative procedures, all designed to lower the entry barriers for high-tech industries. The establishment of these zones has spurred the influx of foreign direct investment, particularly from global semiconductor giants and electronics manufacturers, fostering a dynamic and competitive industrial ecosystem. Central Vietnam boasts a growing pool of skilled labor, thanks to its strong educational institutions and vocational training programs. Universities and technical colleges in the region have been increasingly focusing on STEM (Science, Technology, Engineering, and Mathematics) education, producing a workforce that is well-equipped to meet the demands of the semiconductor industry. The presence of these educational institutions also encourages research and development activities, driving innovation and technological advancements within the region. The cost advantages associated with operating in Central Vietnam cannot be overlooked. Compared to the more saturated and expensive markets in the northern and southern parts of the country, Central Vietnam offers lower operational costs, including labor and real estate. This cost-effectiveness is particularly appealing to semiconductor companies aiming to optimize their production costs without compromising on quality and efficiency. The regional government's commitment to sustainable development and environmental stewardship has also played a role in attracting high-tech industries. Efforts to promote green energy, waste management, and environmental protection resonate well with semiconductor companies, which are increasingly prioritizing sustainability in their operations.

Based on Node Size, the 28nm node size segment emerged as the dominant force in the Vietnam semiconductor market, a trend projected to persist throughout the forecast period. This dominance can be attributed to several key factors driving the adoption of 28nm technology across various industries. Firstly, the 28nm node offers a compelling balance between performance, power efficiency, and cost-effectiveness, making it highly attractive for a wide range of applications, including mobile devices, automotive electronics, and IoT devices. The demand for high-performance computing solutions, particularly in the mobile and IoT sectors, has fueled the proliferation of 28nm chips, which provide the necessary processing power while minimizing power consumption, essential for battery-operated devices. Moreover, the automotive industry's increasing integration of advanced driver-assistance systems (ADAS), infotainment systems, and in-vehicle networking technologies has further bolstered the demand for 28nm semiconductor solutions, as these applications require robust processing capabilities in compact form factors. Additionally, the availability of mature and well-established manufacturing processes for 28nm technology, coupled with economies of scale, has contributed to its widespread adoption and cost competitiveness. Furthermore, the Vietnamese government's strategic initiatives to promote semiconductor manufacturing and attract foreign investment have played a crucial role in driving the growth of the 28nm node size segment. Incentives such as tax breaks, investment incentives, and infrastructure support have encouraged semiconductor companies to establish production facilities and research centers in Vietnam, thereby boosting the local ecosystem for 28nm chip manufacturing. As a result, the 28nm node size segment not only dominated the Vietnam semiconductor market in 2024 but is also poised to maintain its leadership position in the coming years, driven by sustained demand from key end-user industries, technological advancements, and supportive government policies. This sustained dominance underscores the critical role of 28nm semiconductor technology in powering Vietnam's digital transformation and driving innovation across various sectors.

 

Key market players in the Vietnam Semiconductor market are:-

  • Samsung Electronics Co., Ltd.
  • Intel Corporation
  • Texas Instruments Incorporated
  • SK Hynix Inc.
  • Qualcomm Incorporated 
  • MediaTek Inc.
  • Renesas Electronics Corporation
  • Micron Technology, Inc.
  • Broadcom Inc.
  • NXP Semiconductors N.V.

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

“The Vietnam semiconductor market offers significant opportunities driven by the country's growing demand for advanced electronics, robust manufacturing capabilities, and favorable government policies. With the rise of industries like consumer electronics, automotive, telecommunications, and renewable energy, Vietnam is positioning itself as a key player in the semiconductor value chain. The government’s initiatives to promote digital transformation, boost research and development, and attract foreign investments have created a conducive environment for semiconductor companies. Additionally, the country’s strategic location in Southeast Asia, coupled with its competitive labor costs and expanding infrastructure, makes it an attractive destination for global semiconductor manufacturers looking to diversify their supply chains. The increasing adoption of IoT, 5G, and electric vehicles is driving the demand for semiconductors in various applications, further expanding the market potential. Moreover, Vietnam’s thriving startup ecosystem, particularly in technology and innovation, is creating new opportunities for semiconductor solutions, especially in the fields of artificial intelligence, automation, and machine learning. With the global semiconductor shortage highlighting the need for local manufacturing and supply chain resilience, Vietnam is positioned to benefit from this shift in focus. Furthermore, the country’s efforts to develop its workforce in advanced engineering and technology fields are ensuring a sustainable talent pipeline for the semiconductor sector. As global companies look to expand their operations in Asia, Vietnam’s semiconductor market is poised for significant growth, offering opportunities for both local and international players to capitalize on emerging trends and innovations.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

Vietnam Semiconductor Market By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (28nm, 40nm, 65nm, 90nm, 120nm, 130nm), By Application (IT & Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), By Type (Intrinsic Semiconductor, Extrinsic Semiconductor), By Material Type (Silicon, Germanium, Gallium Arsenide), By Region, Competition Forecast & Opportunities, 2020-2030F,” has evaluated the future growth potential of Vietnam Semiconductor Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Semiconductor Market.

 

Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170

M: +13322586602

Email: [email protected]

Website: https://www.techsciresearch.com

Relevant News