Apple, Intel, and Meta Expand High-Tech Manufacturing in Vietnam

Major U.S. technology companies, including Apple, Intel, and Meta, are expressing strong interest in expanding their operations in Vietnam, particularly in the semiconductor sector. This move aligns with Vietnam's ambitions to become a regional hub for high-tech manufacturing and innovation.

During a recent meeting at the SelectUSA 2025 Investment Summit, Vietnamese Deputy Minister of Finance Cao Anh Tuấn highlighted the significance of these partnerships. He noted that Vietnam sent a delegation of over 130 members from more than 100 companies to the summit, showcasing the government's commitment to strengthening ties with the United States, a key strategic partner. Cao Anh Tuấn said that Vietnam views the U.S. not only as an economic partner but also as a global center for technology development and innovation.

“Vietnam views the U.S. not only as an economic partner but also as a global center for technology development and innovation.”Cao Anh Tuấn, Deputy Minister of Finance

Intel has been a significant player in Vietnam's semiconductor landscape for nearly two decades. The company's facility, Intel Products Vietnam (IPV), is the largest semiconductor testing and assembly plant globally and has contributed more than $90 billion to Vietnam's export revenue since 2010. More than 50% of Intel's global chip testing is conducted at this facility, establishing a solid foundation for Vietnam's integration into the global semiconductor supply chain.

“Intel has contributed more than $90 billion to Vietnam's export revenue since 2010, establishing a solid foundation for Vietnam's integration into the global semiconductor supply chain.”Cao Anh Tuấn, Deputy Minister of Finance

Furthermore, Intel's collaboration with the National Innovation Center (NIC) has been pivotal in training over 10,000 skilled workers through initiatives like the "AI for All" program, which aims to enhance AI knowledge and application in Vietnam. The government has set a target to train at least 50,000 engineers and graduates for the semiconductor industry by 2030, as outlined in the recently approved Decision 1017/QĐ-TTg.

In addition to Intel, other companies like Apple and Meta are keen to explore new investment mechanisms to bolster semiconductor production and enhance supply chain linkages. The Vietnamese government is actively encouraging these firms to identify challenges and propose solutions to facilitate their investments. Deputy Prime Minister Phạm Gia Túc highlighted the importance of scientific and technological innovation in achieving Vietnam's goal of becoming a developed country by 2045.

“The government aims to train at least 50,000 engineers and graduates for the semiconductor industry by 2030.”Cao Anh Tuấn, Deputy Minister of Finance

As part of its strategic initiatives, the government plans to establish an investment support fund to encourage investments in high-tech sectors, including AI and semiconductors, through Decree 182/2024/NĐ-CP. This fund aims to attract further foreign investment and enhance Vietnam's technological capabilities.