Courteous RELATIONS WITH CHINA, US
Traders can rest assured that Vietnam has friendly ties with both China and the US.
Since 2018, the two nations have engaged in a trade war, with conflicts causing shifts in the growing global semiconductor industry.
Analysts also expressed optimism about Vietnam’s ability and noted that there is a lot of confusion about how Donald Trump’s election will affect global trade and supply chains.
Some investors have asserted that authorities will have to address serious obstacles that have hampered other countries ‘ business.
Important components of the silicon industry’s success are operational reforms and the implementation of novel policies to ensure a long-term supply of clean energy.
” Buyers want a quick and clear process for purchase. Investors simply will relocate to another nations if it takes a while before they can spend. They must wait because of the crucial nature of time, according to Vietnam’s planning and funding minister Nguyen Chi Dung.
” Vietnam has invested in about 50 of the world’s best semiconductor companies. Nvidia is even coming to Vietnam. Leading brands like that will be in Vietnam”, he added.
The country is considering plans to make purchase decisions simpler and give foreign companies more beautiful incentives, according to the secretary.
There are no production facilities in Vietnam where fresh silicon wafers are transformed into included circuits or chips. These are essential parts for everything from smartphones to missiles and washing machines to technology.