SOURCE: LAO DONG NEWS

The development and potential of the semiconductor industry directly impacts industrial real estate, thanks to the increase in demand for factories that meet infrastructure and service requirements.Semiconductor chip production is positioned as a new driving force to turn Vietnam into a prosperous country.

Recently, Vietnam has attracted many giants in the semiconductor industry such as Intel, Samsung, Qualcomm, Infineon, Amkor with many valuable investment projects to build factories, expand production and assembly up to billion USD.

Semiconductor chip production is positioned as a new driving force to turn Vietnam into a prosperous country. It is forecast that by the end of 2024, Vietnam’s semiconductor industry will exceed the value of 6.16 billion USD, making Vietnam one of the important production centers of many global semiconductor enterprises.

The semiconductor industry is increasingly attractive due to global changes. Intel, one of the biggest names in the industry, has expanded the second phase of its chip testing factory in the city. Ho Chi Minh City with a total investment value of up to 4 billion USD. At the same time, Samsung also invested in the largest product development center in Southeast Asia in Hanoi.

A number of semiconductor chip businesses from the Netherlands have also begun investing in Vietnam. The Dutch company BE Semiconductor Industries N.V has received an investment certificate in Ho Chi Minh City Hi-Tech Park, with a capital of more than 115 billion VND (equivalent to 4.9 million USD) in the first phase, for rental investment. factory. This project is expected to come into operation in the first quarter of 2025.

According to Mr. Thomas Rooney – Senior Manager of Savills Industrial Leasing Department – there are many reasons that help Vietnam become an attractive destination for semiconductor investors, thereby bringing advantages of industrial real estate. for this market.

Faced with the need to invest in semiconductor production in Vietnam from foreign businesses, Mr. Thomas Rooney commented: “The need to invest in semiconductor production and assembly has led to an increase in the search for factories, The industrial park well meets the infrastructure and service requirements of the semiconductor industry.

Some basic requirements from businesses include: stable power supply, high-speed internet and effective water treatment systems, thereby creating requirements for upgrading quality and factory systems for businesses. investors in Vietnam”.

The Northern economic region is expected to continue to be a hot spot for industrial real estate amid the current wave of strong semiconductor investment.

Mr. Thomas analyzed: “While industrial real estate tenants in the Southern provinces belong to the industries processing products from rubber, plastic, food, and beverage, in the North, investment capital is mainly from businesses operating in high value-added industries such as computers, electronics or electrical products. Therefore, when the wave of investment in semiconductors develops, it will create more momentum for development with industrial real estate in the North”.

To welcome capital flows into the semiconductor industry and industrial real estate, localities and businesses need to improve the system of policy mechanisms, infrastructure and human resources to best meet the needs. the rigors of this particular industry.

Notably, the current infrastructure in Vietnam has not really been completed, especially the power transmission lines during peak months and the electricity supply system in Vietnam has not really met the demand. The semiconductor industry requires huge amounts of electricity. Therefore, to meet the huge energy demand from advanced industries such as semiconductors, Vietnam needs to accelerate large-scale energy infrastructure projects.

“The Government and businesses need to coordinate closely to promote existing potentials, improve the investment environment, improve infrastructure quality and train human resources, thereby creating favorable conditions.” for the sustainable development of the semiconductor industry and industrial real estate in Vietnam.

With these efforts, Vietnam can become one of the important semiconductor manufacturing centers in the world, positively contributing to economic development and enhancing Vietnam’s position in the global supply chain. demand” – Mr. Thomas further analyzed.