On December 23, Prime Minister Pham Minh Chinh visited Hana Micron Inc. Vina Ltd., the first semiconductor chip manufacturer in the northern region, located in Van Trung Industrial Park, Viet Yen District, Bac Giang Province, and invested by the Republic of Korea (RoK).
Hana Micron Vina Ltd. specializes in the packaging and testing stages of the semiconductor chip production process, as highlighted by its leadership.
With a total investment of 600 million USD, the factory is anticipated to generate around 300 million USD in revenue in 2023.
The company plans to increase its investment in the factory to over 1 billion USD by 2025, aiming for a revenue of 800 million USD and creating job opportunities for over 4,000 workers. Apart from the Bac Giang facility, Hana Micron Vina Ltd. operates another factory in Bac Ninh.
Prime Minister Chinh commended Hana Micron Vina Ltd.’s investment in Vietnam, emphasizing its significant contribution to the development of the semiconductor industry in the country.
Vietnam has actively encouraged major industry players such as NVIDIA and Intel Corporation to invest in the country, fostering a comprehensive semiconductor industry ecosystem.
Recognizing the firm’s commendable development pace amid global supply and production chain challenges, Prime Minister Chinh praised the strong cooperation between Vietnam and the RoK. He suggested the company consider recruiting qualified Vietnamese individuals for its management board.
The Prime Minister assured that the Party and State are committed to protecting the legitimate rights and interests of foreign investors, including Hana Micron Vina. The Vietnamese Government is open to hearing the concerns of investors and is ready to adjust policies to create the most favorable investment environment and provide support.