November 23, 2024 08:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Vietnam plans to build 50,000-strong workforce for development of semiconductor sector
Vietnam
Photo Courtesy: Unsplash

Vietnam plans to build 50,000-strong workforce for development of semiconductor sector

| @indiablooms | 06 Mar 2024, 04:49 pm

Vietnam has been working on a plan to build a 50,000-strong workforce for the development of its semiconductor industry until 2030, Vietnam News reported Wednesday, citing the Ministry of Planning and Investment.

According to the National Innovation Center, the plan's key objective is to supply sufficient skilled labour for the domestic semiconductor industry, and potentially export labour to other markets.

The newspaper cited Vu Quoc Huy, the center's director, as saying that companies such as Viettel High Tech and FPT Semiconductor have around 200 employees.

According to the ministry, there are sufficient resources in the Southeast Asian country to train about 50,000 engineers for the industry by 2030.

A market research report by Technavio has predicted that the Vietnamese semiconductor market may expand about 6.5 percent each year in the 2021-2025 period. However, human resource shortage has been the greatest challenge for the industry in Vietnam.

(With UNI inputs)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos