The Impact of the China-US Trade Friction on Vietnam’s Chip Industry

Abstract

The impact of the China-US trade friction on the world has received widespread attention, but there is still insufficient focus on the Vietnamese chip industry. This article analyzes the impact of China-US trade on Vietnam and the background, development, challenges, and measures of Vietnam’s chip industry. This article argues that the China-US trade friction has brought development opportunities to Vietnam’s semiconductor industry. Many semiconductor companies have chosen to open factories and expand production in Vietnam, and Vietnam’s semiconductor market has also expanded. However, Vietnam has problems such as inadequate infrastructure, a weak technological foundation, government policies that are not suitable for foreign investment, and a lack of human resources. Based on this, this article proposes the following suggestions: Vietnam needs to actively seek cooperation with major countries, the government needs to play a coordinating and important investor role, Vietnam needs to strengthen infrastructure construction, Vietnam needs to promote technological innovation, and Vietnam needs to strengthen the training of high-end talents.