Semiconductor

INVESTMENT REPORT | Summary
VIETNAM
INDUSTRY
1st Edition
September 2023
The projects images were supplied by iNDU Paint, BlueScope, PEBSTEEL and Atad Steel. https:/ indupaint.vn/ htps:/ w w.nsbluescope.com/vn/ https:/ pebste l.com/en/ https://atad.vn/
TABLE OF
CONTENT
I. OVERVIEW OF THE GLOBAL SEMICONDUCTOR CHIP MARKET
01. Overview of the semiconductor chip market 04

02. The situation of semiconductor product exports and imports 06
03. Policies and directions of some countries and economic groups 07
around the world
04. Value-added semiconductor industry by activity and region 09
THE MACROECONOMIC ECONOMY OF VIETNAM’S IMPACT ON

II. ATTRACTING INVESTMENT IN THE SEMICONDUCTOR INDUSTRY
01. Vietnam’s Growth Domestic Production 11

02. Industrial Production Index (IIP) and Purchasing Managers Index (PMI) 12
03. Vietnam’s chip and semiconductor import-export situation 13
SOME DIRECT FACTORS AFFECTING

III. THE ATTRACTIVENESS OF SEMICONDUCTOR INVESTMENT
01. Vietnam’s Investment Promotion Policies 15

02. Abundant raw materials supply and government policies 16
03. Focus on the investment and development of Vietnam’s infrastructure 17
04. Vietnam’s participation in Economic and Trade Agreements 22
05. Labor sources 24
CURRENT STATUS OF THE

IV. SEMICONDUCTOR SUPPLY CHAIN IN VIETNAM
01. The semiconductor supply chain has diversified in recent years 27

02. Projects located in all three regions, U.S. and Korea are the top 28
two investment countries
03. The industry supply chain has a different concentration of 29
investment locations depending on the work types
V. INDUSTRIAL REAL ESTATE SUPPLY IN VIETNAM
01. Overview of the industrial real estate situation 32

02. Readiness of the industrial real estate supply in Vietnam 33
https:/ indupaint.vn/
I.
The Driving Force
Behind The Shift Of
Semiconductor
Companies
03
|Summary| Investment report Vietnam Chip-semiconductor Industry
1. Overview of the semiconductor chip

market
The Global semiconductor market size reached 580B$ in 2022 and is forecasted to reduce
slightly in 2023 (557B$) due to the global economic downturn, increasing political conflicts,
high inflation, and many countries implementing interest rate hikes, demand has decreased,
and there is still a surplus of inventory. With a compound annual growth rate of 6%, in 2030
and 2040, this market is expected to reach 837B$ and 1499B$ thanks to the development of
product applications such as: Electronics, Automotive, AI, v.v.
The United States leads in global semiconductor market share. In 2021, the U.S. held a 46%
global market share. South Korea and Japan followed behind, with 19% and 9% market
shares, respectively. Other notable markets include Europe, Taiwan, China, and more.
Semiconductor market size worldwide 2013 - 2023

Market size (bil USD) %YoY Linear (Market size (bil USD))
CAGR= 6%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023f 2030f 2040f
Source: Statista
2021 Chip global market share
U.S
Korea
Japan
Europe
Taiwan
China
Others
Source: SIA
04
In just two years, 2021 and 2022, the world has witnessed a total Foreign Direct Investment
(FDI) capital influx into the semiconductor industry of approximately 155 billion USD. This is
the highest FDI inflow level in this industry in the past 20 years. The amount of FDI capital
invested in China’s semiconductor industry has significantly decreased (China only accounted
for 3% of FDI attraction in the semiconductor industry in 2020). There has been growth in
Foreign Direct Investment (FDI) attraction in the United States and in some other countries:
Japan, Germany, India, Malaysia, and Ireland.
FDI in the semiconductor sector by destination country, 2003-2022

China US Japan India Germany Singapore Ireland Malaysia Others
Source: FDIintelligence, HOUSELINK calculation
05
2. The situation of semiconductor

product exports and imports
China, the United States, Germany, France, and Japan are among the largest importers of
semiconductors in the world. Meanwhile, Taiwan and South Korea are among the largest
exporters. Export and import growth have continued to trend upward since 2019, although the
growth rate in 2022 has somewhat declined due to reduced demand for application
devices.semiconductors in the world. Meanwhile, Taiwan and South Korea are among the largest
exporters. Export and import growth have continued to trend upward since 2019, although the
growth rate in 2022 has somewhat declined due to reduced demand for application devices.
Semiconductor import of some countries (Bil USD)

China USA Germany France Japan
2019 2020 2021 2022
Semiconductor export of some countries (Bil USD)

Taiwan South Korea
2019 2020 2021 2022
Source: WSTS, HOUSELINK calculation
06
3. Policies and directions of some countries

and economic groups around the world
The Unites States: Europe
In August 2022: Approval of the CHIPS and “EU Chip Act”, which includes up to 43 billion
Science. USD in targeted support for the semiconductor
sector of Europe.
Act:
• Promoting domestic production, investment.
Japan
• Reducing the United States' reliance on
gradually diminishing foreign sources, mainly In November 2021: approval of a 6.8 billion USD
from East Asian countries. funding package for domestic semiconductor
In October 2022: The new regulations from investment activities.
the Bureau of Industry and Security (BIS) under In November 2022: proposal of an additional 8
the US Department of Commerce, are notable billion USD for a joint research center with the
for: United States.
• Restricting AI chip access, Design limitation,
Constraining the ability to produce advanced
chips, Restricting the capability to produce India
equipment mainly from China’s access.
Friend-shoring policy: aimed at deepening the In December 2021: the Indian government
economic ties of the United States with some launched a 10 billion USD semiconductor
friendly economies to reduce the risk of supply incentive package.
chain disruptions.
China
In August 2023: China has implemented

policies restricting the export of rare metals for-
semiconductor production.
Plan to roll out its largest financial support
package in five years, worth over 1 trillion yuan
Several other countries such as Taiwan, South (143 billion USD).
Korea, Mexico, and Canada have also designed
and implemented special incentive packages
for the chip and semiconductor manufacturing
industry.
07
SOME ACTIVITIES/ PLANS OF BIG COMPANIES IN THE WORLD
Samsung Electronics
850 million USD investment in Vietnam to

produce semiconductor components at Samsung
Electro-Mechanics Vietnam factory in Thai Nguyen.
Inaugurate the Research and Development
Center in Hanoi in December 2022.
Apple
Its suppliers: Foxconn, Pegatron, Goertek have

moved some production out of China to reduce risks
due to trade tensions and supply shortages.
Dell
Plan to stop using China-made chips by 2024.

Ask suppliers to reduce the amount of other
made-in-China components.
Ask product assemblers and suppliers of other
components to help prepare capacity in countries
beyond China, such as Vietnam.
08
4. Value-added semiconductor industry

by activity and region
In terms of value-added aspects within the semiconductor industry production chain:

The United States is leading, particularly in some specialized activities such as R&D, EDA & Core IP,
chip design, equipment manufacturing, and more.
A concentration of certain activities in the semiconductor production chain in the Asian region,
especially in East Asia, with prominent countries like China, South Korea, Taiwan, and Japan.
Value added in the semiconductor industry by activity and region(%)
EDA & Core IP
Mostly fabless
Logic
Mosly IDM
Memory
Hybrid (fab-lite)
DAO
Design subtotal
Equipment
Materials
Wafer fabrication
Packaging, assembly & test
Overall
USA EU China South Korea Japan Taiwan Other

Source: SIA
09
ht ps:/ www.nsbluescope.com/vn/
II.
The Macroeconomic
Economy Of Vietnam’s
Impact On Attracting
Investment In The
Semiconductor Industry
10
1. Vietnam’s Growth Domestic Production
In 2022, Vietnam achieved the highest GDP Growth rate. In 2023, GDP growth has been forecasted to
decline. GDP in Q2/2023 has improved compared to Q1 this year (3.32% and 4.14% accordingly).
GDP growth by quarter

GDP growth (total) Agriculture, Forestry and Fisheries Industry and construction Service
Source: GSO
Vietnam’s economy is projected to grow between 5.34% and 6.46%

(across three different growth scenarios).
Targets Scenario 1 Scenario 2 Scenario 3
GDP growth (%) 5,34 5,72 6 ,46
Average inflation (%) 3,43 3,87 4,39
Export growth (%) -5,64 -3,66 -2,17
Balance of trade (billion USD) 9,1 10,3 6,8
Source: CIEM (7/2023)
11
2. Industrial Production Index (IIP)

and Purchasing Managers Index (PMI)
The PMI (Purchasing Managers Index) has consistently recorded levels below 50 points since
March until the present. However, starting from June, the PMI has gradually increased
compared to the previous months and this trend continued into July. This shows that industrial
production is showing positive signs of recovery.
Vietnam’s IIP (Industrial Production Index) has also begun to witness a good recovery from June
this year.
IIP for the Months of 2023

Total (%YoY) Total (%MoM) Manufacturing processing (%YoY)
January February March April May June July August
PMI for the months of 2023
January February March April May June July August
Source: GSO, S&P Global
12
3. Vietnam’s chip and semiconductor

import-export situation
The United States is Vietnam’s largest semiconductor export market (approximately over 3 billion
USD in 2021).
In June 2023, Vietnam ranked fourth among Asian countries exporting semiconductors to the
United States, following China, Japan and South Korea. Vietnam has the potential to attract
investment projects in the semiconductor industry.
Vietnam export market semiconductor device 2021 (million USD)
USA China Canada Korea Japan

Source: OEC
Top 10 Asian countries exporting semiconductors to the United States

June/2023
Ch
ina
Jap
an ore
a
tna
m
Ind
ia wa
n
iland ysia apore esia
th K Vie Tai Tha Ma
la g Ind
on
Sou Sin
Source: Tradingeconomics
13
https:/ pebsteel.com/en/
III.
Some Direct Factors
Affecting The
Attractiveness
Of Semiconductor
Investment
14
1. Vietnam’s Investment Promotion Policies
Investment incentive policies:
Land lease incentives for

Corporate income tax incentives Personal income tax incentives
investments in High-Tech Zones
Land rent exemption for 15 years A preferential tax rate of 10% for A 50% reduction for each
from the date of the land lease 15 years from the date of being individual working directly in the
decision. granted the Certificate of High-Tech economic zone.
enterpise.
If investing in CNC, a preferential
tax rate of 10% is enjoyed for 30
years.
CIT exemption for 4 years, 50% CIT
reduction for 9 years.
Import and Export tax incentive policies:
Raw materials, supplies and components that are not domestically produced for
the project’s production will be exempt from import and export taxes.
Imported goods for the purpose of creating fixed assets for eligible investment
subjects as stipulated by investment laws, including:
The Resolution Draft of the National Assembly on the pilot application

of investment support policies in the field of high technology”:
Support for many activities of investors, such as: training, human resources, R&D, etc.
15
In 2022: Vietnam ranked 6th place in rare

2. Abundant raw earths production but ranked 2nd in top 5
materials supply and countries that have the largest rare-earth

reserves in the world.
government policies Rare earth deposits in Vietnam are

concentrated mainly in the Northwest Region.
Vietnam need establish and promote the
cooperation between domestic companies and
foreign companies for the best performance in
rare earth mining, production and processing
to solve and improve the weakness and
challenges related to mining and processing
technology.
Top 5 countries with the largest rare earth reserves in the World in 2022
(Thousand tons)
-
-
China Vietnam Brazil Russia India
Source: HOUSELINK research
16
3. Focus on the investment and development

of Vietnam’s infrastructure
3.1/ Advantages of geographical location and

transportation infrastructure
Vietnam is located at the gateway to Southeast Asia
Vietnam has a favorable geographical position for connecting with major economic
centers around the world such as China, India, Japan, South Korea, Europe, and the
United States. With its long coastline and contiguous land borders with many countries,
Vietnam serves as the gateway to the sea for many Southeast Asian nations in particular
and Asia in general. With a system of 34 seaports along its coastline, including
deep-water ports like Hai Phong Port, Cai Lan Port, Saigon Port, Danang Port, and more,
Vietnam has a well-established maritime infrastructure.
Paracel Islands
Spratly Islands
Source: marinetraffic
17
The expressway system and ring roads are focused on development

and implementation
Source: Ministry of Transport, HOUSELINK Research

18
3.2/ Advanced clean room design and construction

techniques
DESIGNING CLEANROOMS WITH SANDWICH PANEL:

IMPORTANT FACTORS FOR INVESTORS TO KEEP IN MIND
In addition to improving transportation infrastructure, modern construction techniques have also

been successfully applied in Vietnam to meet the highest requirements of Investors. Among them is
clean room construction technology - one of the critical components for electronics factories in
general and semiconductor factories in particular. In Vietnam now, Sandwich Panel, with
outstanding advantages, is considered a specialized material and the top choice, as well as a
strategic trend for businesses in sustainable construction.
WHY SANDWICH PANEL IS PREFFERED IN CLEAN ROOM CONSTRUCTION?
The clean room market is expanding rapidly and at the same time, setting very strict technical
requirements and standards for supporting industries and products. In particular, the Sandwich
Panel plays an important role in determining clean room quality for the following reasons:
1 Good thermal insulation: The Sandwich Panel is made of two layers of material along
with a layer of insulation in the middle. Therefore, it has better insulation than other
building materials, which saves energy and heat maintenance costs in construction areas.
-
2 High flexibility: The Sandwich Panel can be cut and designed in different sizes and shapes,
which optimizes their use in construction.
3 Good bearing capacity: The Sandwich Panel has better bearing capacity than other
building materials, especially in harsh environmental conditions such as wind, storm, and
high humidity.
4 Easy and fast installation: The Sandwich Panel is designed to be installed quickly and
easily, saving construction time and labor costs.
5 Durability and ease of maintenance: The Sandwich Panel has a long service life and
requires less effort for maintenance than other building materials, which reduces
maintenance and repair costs in the long run.
The clean room market is expanding rapidly and at the same time, setting very strict technical
requirements and standards for supporting industries and products. In particular, the Sandwich
Panel plays an important role in determining clean room quality for the following reasons:
19
THE ROLE OF ALLOY-COATED STEEL FOR CLEAN ROOM SANDWICH PANEL
Alloy-coated steel is used to form the protective surface layer for the exterior of the panels. This
material must meet the general bearing capacity, durability, corrosion resistance, and chemical
resistance. Especially in the Electrical and Electronics industry, the cleanliness requirements of the
factory environment need to be paid attention to meet standards such as ISO 14644-1, ISO 22000,
GMP, or SSOP. This need requires the alloy-coated steel materials to have corresponding
technologies to satisfy the criteria of dust clean - antistatic and microbiological clean - antibacterial.
https://colorbond.vn/san-pham/ton-colorbond-for-panel-clean-room/
Currently, there are product lines that are developed exclusively for clean room Sandwich Panel
https://colorbond.vn/en/san-pham/colorbond-for-panel-steel-clean-room/
application, typically COLORBOND® for Panel | Clean Room from BlueScope.
This special product offers antistatic capabilities on the finished surface to meet the anti-dust
needs and strict cleanliness standards of clean rooms in the electronics industry.
20
For clean rooms that need to satisfy microbiological cleanliness requirements, the product has
S.T.A.R.Vi proprietary technology that kills up to 99.9% surface bacteria and inhibits the devel-
opment and proliferation of bacteria, both Gram (-) and (+). The antimicrobial effect of
https://colorbond.vn/en/san-pham/colorbond-for-panel-steel-clean-room/
COLORBOND® for Panel | Clean Room was tested by the SGS Center compliant to JIS
Z2801:2010 (Japanese Standard).
Besides the criteria of cleanliness, the alloy-coated steel materials need to ensure the quality of the
protective layer for the project’s long life and sustainable beauty. Integrating the most advanced
ht ps:/ www.colorbond.vn/en/san-pham/technology-activate/ 4-layer plating technology, COLORBOND®
ACTIVATE™ https://colorbond.vn/en/san-pham/colorbond-for-panel-steel-clean-room/
for Panel | Clean Room helps ensure the
durability of the project with corrosion resistance, even in harsh conditions.
Lớp sơn phủ super Polyester cao cấp

với công nghệ kháng khuẩn S.T.AR.Vi
Premium supper polyester ﬁnish coat
with S.T.A.R.Vi antibacterial technology
Lớp xử lý bề mặt và lớp sơn lót

Pre-treatment & Primer coating
Thép mạ công nghệ

ActivateTM (100g/m2)
Alloy coated steel with
ActivateTM technology (100g/m2)
Lớp xử lý bề mặt và lớp sơn lót

Pre-treatment & Primer coating
STICK+ FOAM
FORMULA Lớp sơn mặt sau Stick+ Foam
tạo bám dính tối ưu
Stick+ Foam backer coat for
optimal layer adhesion
Lớp cách nhiệt

Insulation Foam
Not only solves the "antibacterial" requirement, the product also has Stick+ Foam backer
coating specially formulated for sandwich panel application, providing optimal adhesion for the
insulation layer. At the same time, the low gloss surface (only 25%) of the product helps to
reduce glare and defects on the surface, creating a flatter feel and look when compared to
conventional high gloss products (45% - 60%).
21
4. Vietnam’s participation in Economic

and Trade Agreements
Vietnam is one of the most open economies in Asia 16

signed FTAs
ACFTA AKFTA AJCEP VJEPA

Effective from 2003 Effective from 2007 Effective from 2008 Effective from 2009
AIFTA AANZFTA VCFTA VKFTA

Effective from 2010 Effective from 2010 Effective from 2014 Effective from 2015
AHKFTA EVFTA
Full effect for all member Effective from
VN – EAEU FTA CPTPP countries from 01/08/2020
Effective from 2016 Effective from 30/12/2018, 12/02/2021
effective in Vietnam from
14/1/2019
UKVFTA RCEP VIFTA ATIGA

Officially effective Effective from Officially signed on Effective from
from 01/05/2021 01/01/2022 25/07/2023 17/05/2010
22
From early 2023, Vietnam has received, worked, and organized high-level meetings with association and
countries’ Authorities on semiconductor cooperation issue. Accordingly, the countries affirmed their
comprehensive strategic partnership with Vietnam, while strengthening cooperation between semiconductor
industry enterprises.
Jan’2023 Jun’2023 July’2023
Semiconductor Industry South Korean President U.S. Treasury Secretary

Association (SIA) Yoon Suk-Yeol Janet Yellen
Sep’2023 Sep’2023
U.S. President Vietnam Prime Minister

Joseph R.Biden Pham Minh Chinh
visited U.S. and worked with big
semiconductor companies
23
5. Labor sources
Labor is the biggest challenge in the semiconductor
industry according to assessments by companies in
the global supply chain. The shortage of skilled
labor has led to intense competition for high-tech
talent in many countries, not for a particular
country.
Vietnam is currently still in the golden population
period with the labor participation rate in 2022
reaching 68.5%. Vietnam’s labor force can be
considered abundant, ranking just after India and The labor export in the electronics-semiconductor
Indonesia with 56 million people. The number of industry is also a potential high-skilled labor source that
technically skilled personnel in Vietnam averages businesses can refer to and use for the short term. They
over 5,000 individuals and constitutes around are all skilled and experienced laborers, especially
10%-11% of the total labor force. since they are familiar with the working style and
environment of semiconductor factories/companies.
Total labor force (million people)
India Indonesia Vietnam Thailand Malaysia Singapore
Source: Worldbank
Number of technical qualified employees
Advanced technical expertise (Thousand people)

Mid-level technical expertise (Thousand people)
Rate of workers with technical expertise/total labor
2018 2019 2020 2021 2022
Source: GSO
24
SOME TYPICAL PROJECTS
Project type
Location
Warehouse
Thai Nguyen
ht ps:/ w w.nsbluescope.com/vn/ Location Nghe An
Investor GOERTEK VINA CO.,LTD
Project scale 20,000 m2 Material COLORBOND® steel (walling)
& ZINCALUME® steel (roofing)
Contact
https://indupaint.vn/
iNDU PAINT
VIET NAM STAR ., JSC Contact https://www.nsbluescope.com/vn/
NS BLUESCOPE VIETNAM LIMITED
(024) 33 76 79 79 1900 59 99 88 (+84) 28 3821 0066
[email protected] [email protected]
WAREHOUSE 1,2,3 OF VAPCO INTERNATIONAL GOERTEK VINA FACTORY
COMMERCIAL LIMITED COMPANY
hthttptps:s/:/inindupai
dupanitn.vt.n/vn/
Project type
Location
Factory
Thai Nguyen
htps:/w w.nsbluescope.com/vn/ Location Quang Ninh
Investor HONG HAI GROUP - FOXCONN

Project scale 15,000 m2 Material BLUESCOPE steel (roofing & walling)
Contact
iNDU PAINT
VIET NAM STAR ., JSC
Contact https://www.nsbluescope.com/vn/
(+84) 28 3821 0066
(024) 33 76 79 79 1900 59 99 88 [email protected]
[email protected]
PILMICO GROUP 'S FACTORY FOXCONN FACTORY
25
https://atad.vn/
IV.
Current Status Of The
Semiconductor Supply
Chain In Vietnam
26
1. The semiconductor supply chain

has diversified in recent years
The number of semiconductor industry projects invested in Vietnam is not much, mainly in the field
of chip & software design. From 2015 up to now, the project type has been diversified with the
entering of other work types, as: simple chip and diode manufacturing, and raw materials projects.
Plant manufacturing projects tend to increase, especially in H1 of this year. Projects in the industry
have continuously invested in Vietnam through the years (even in two years 2020 and 2021).
Vietnam is one of the top countries in the list of investment locations thanks to macroeconomic
stability, the investment and high determination of the government and businesses in developing the
high-tech electronics industry, a moderate foreign policy and especially a marked improvement in
infrastructure and labor resources in recent years.
Projects inveted in Vietnam through years
97 04 05 06 07 08 10 11 12 13 14 15 16 17 18 19 20 21 22 23
19 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Semiconductor Supply chain in Vietnam (by work type)
Packaging testing Research and Materials, raw Chip production, Chip design,
processing development semiconductor electronic diode chip software
materials from semiconductor
material
Source: HOUSELINK Research
27
2. Projects located in all three regions,

U.S. and Korea are the top two
investment countries
The semiconductor projects are in all three regions, mainly in the South and the North.
U.S. ranked 1st in the top investment country in Vietnam.
In recent years, some countries such as Korea, Taiwan, China, India and Hong Kong
have started to invest in more semiconductor projects in Vietnam
Project allocation by region
Central
South
North
Top investment countries by project numbers
***** *****
*****
*****
*****
USA
*****
28
3. The industry supply chain has a different

concentration of investment locations
depending on the work types
The North is currently attracting investment in a variety of project work types compared to other
regions. With the advantage of a complete electronics supply chain and abundant human
resources in the electronics industry, manufacturing projects are also more concentrated in this
region than in the other two regions. Besides, the North is also the location for design projects,
R&D, etc. Prominent projects in the North are Samsung's manufacturing and R&D projects.
Most projects in the South are chip design. Intel's chip assembly and pilot factory project in the
Hochiminh Hi-Tech Park. The Central region currently only attracts a few projects in terms of design
and raw materials.
In term of investment country, the United States involve in design, raw materials, and packaging &
testing work mainly. With the increasingly tightening relationship between Vietnam and the United
States, Vietnam is considered a country with great potential in attracting investment projects in the
semiconductor industry from this country. Other countries have different investment orientation in
semiconductors in Vietnam
Semiconductor supply chain by region

Packaging testing processing Research and development Materials,raw semiconductor materials
Chip production electronic diode and semiconductor material Chip desing, chip software
North
Central
South
Semiconductor supply chain by investment countries

*** *** *** USA *** *** *** *** ***
Chip desing, chip software
Chip production electronic diode and

semiconductor material
Materials,raw semiconductor materials
Packaging testing processing
Research and development

29
SOME TYPICAL PROJECTS
Project type Electronic Investment type FDI

https://atad.vn/ https:/ pebsteel.com/en/
Project scale 2500 ton Project type Industrial Project - Factory
Location Dong Nai Province, Vietnam Project scale 30,000 m2
Location Dinh Vu – Cat Hai Economic Zone,
Investor Platel Vina
Hai Phong City
Contractor https://atad.vn/
ATAD STEEL STRUCTURE CORPORATION
Contractor https://pebsteel.com/en/
PEB STEEL BUILDINGS CO., LTD
Contact +84 28 3926 0666 [email protected] Contact (+84) 908 883 531
Platel Vina Project SEMICONDUCTOR MANUFACTURING PLANT [email protected]
Project type Electronic Investment type FDI

https://atad.vn/ https:/ pebsteel.com/en/
Project scale 10,000 m2 Project type Industrial Project - Factory
Location HCM, Viet Nam Project scale 49,000 m2
Investor FPT Location Honai Industrial Park, Dong Nai Province
Contractor https://atad.vn/
ATAD STEEL STRUCTURE CORPORATION Contractor https://pebsteel.com/en/
PEB STEEL BUILDINGS CO., LTD
Contact (+84) 908 883 531
Contact +84 28 3926 0666 [email protected]
[email protected]
FPT Project PRECISION COMPONENT MANUFACTURING PLANT
30
V.
Industrial Real Estate
Supply In Vietnam
31
1. Overview of Industrial parks in Vietnam are distributed

throughout various provinces and cities, especially
the industrial real in the Red River Delta region, North Central Coast,
along the central coast, and the Southeast region.
estate situation Occupancy rates in the North and the South is quite
high, especially in the North and the South.
Most industrial parks have convenient locations,
near highways, seaports, and airports.
Map of industrial parks in Vietnam
Average occupancy rate by region
Paracel Islands
South North Central

Spratly Islands
32
2. Readiness of the industrial real estate

supply in Vietnam
According to HOUSELINK's Industrial Park survey information, the remaining available land area is
about 35.2 thousand hectares, mainly in the South. With the least remaining land area, the North
needs to accelerate the planning and quickly replenish supply.
Exclude the new IPs that have not yet been put into operation
North
Central
South
*Information on new industrial parks in the three regions has not been compiled.
33
Buy the detail of report, please contact us! htps:/marketinsgCONTACT
ht. ouselink.vn/en/report/en/i vestment-report-vietnam-chip-semiconductor-industry-20 3-712.htm
The report is sponsored by:
iNDU PAINT
VIET NAM STAR ., JSC. ht ps:/ w w.nsbluescope.com/vn/ https://www.nsbluescope.com/vn/
https://atad.vn/ https://atad.vn/
ATAD STEEL STRUCTURE CORPORATION
ht ps:/ pebste l.com/en/ https://pebsteel.com/en/
PEB STEEL BUILDINGS CO., LTD.
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ing in the most honest and highest quality manner. We commit to follow the highest possible standard of professional ethics.
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INVESTMENT REPORT | Summary

I. OVERVIEW OF THE GLOBAL SEMICONDUCTOR CHIP MARKET

01. Overview of the semiconductor chip market 04

THE MACROECONOMIC ECONOMY OF VIETNAM’S IMPACT ON

01. Vietnam’s Growth Domestic Production 11

SOME DIRECT FACTORS AFFECTING

01. Vietnam’s Investment Promotion Policies 15

CURRENT STATUS OF THE

01. The semiconductor supply chain has diversified in recent years 27

V. INDUSTRIAL REAL ESTATE SUPPLY IN VIETNAM

01. Overview of the industrial real estate situation 32

1. Overview of the semiconductor chip

Semiconductor market size worldwide 2013 - 2023

2021 Chip global market share

FDI in the semiconductor sector by destination country, 2003-2022

Source: FDIintelligence, HOUSELINK calculation

2. The situation of semiconductor

Semiconductor import of some countries (Bil USD)

2019 2020 2021 2022

Semiconductor export of some countries (Bil USD)

2019 2020 2021 2022

Source: WSTS, HOUSELINK calculation

3. Policies and directions of some countries

The Unites States: Europe

In August 2023: China has implemented

SOME ACTIVITIES/ PLANS OF BIG COMPANIES IN THE WORLD

850 million USD investment in Vietnam to

Its suppliers: Foxconn, Pegatron, Goertek have

Plan to stop using China-made chips by 2024.

4. Value-added semiconductor industry

In terms of value-added aspects within the semiconductor industry production chain:

Value added in the semiconductor industry by activity and region(%)

EDA & Core IP

Packaging, assembly & test

USA EU China South Korea Japan Taiwan Other

1. Vietnam’s Growth Domestic Production

GDP growth by quarter

Vietnam’s economy is projected to grow between 5.34% and 6.46%

Targets Scenario 1 Scenario 2 Scenario 3

GDP growth (%) 5,34 5,72 6 ,46

Average inflation (%) 3,43 3,87 4,39

Export growth (%) -5,64 -3,66 -2,17

Balance of trade (billion USD) 9,1 10,3 6,8

Source: CIEM (7/2023)

2. Industrial Production Index (IIP)

IIP for the Months of 2023

January February March April May June July August

PMI for the months of 2023

January February March April May June July August

Source: GSO, S&P Global

3. Vietnam’s chip and semiconductor

Vietnam export market semiconductor device 2021 (million USD)

USA China Canada Korea Japan

Top 10 Asian countries exporting semiconductors to the United States

1. Vietnam’s Investment Promotion Policies

Investment incentive policies:

Land lease incentives for

Import and Export tax incentive policies:

The Resolution Draft of the National Assembly on the pilot application