Vietnam’s technology giant Viettel investing $1.3 billion in a semiconductor fabrication plant in Hanoi made a major contribution to the capital city’s high-tech investment attraction of $588.2 million in the first half of 2026.
In a statement on Wednesday regarding, the Hanoi Hi-Tech Parks and Industrial Zones said the key investment in semiconductor-electronic in the city in the period was Japan’s Meiko pouring additional $190 million. The high-tech park management board also said production-business revenue of enterprises in the area reached $6.7 billion, up 109.3 percent year-on-year.
Viettel declined to confirm the $1.3 billion figure in an exchange with TNGlobal.
The Viettel factory conducted its groundbreaking ceremony in January 2026, spanning 27 hectares. It is designated as national infrastructure for chip research, design, testing, and production.
Viettel is targeting 32-nanometre chip technology, with trial production planned for the end of 2027. By end-2027, Viettel aims to complete construction, receive technology transfer, begin trial production.
Vietnam currently has approximately 6,000 semiconductor engineers. The government has set a target of 50,000 chip design engineers by 2030 under the National Semiconductor Human Resource Development Program.
According to Viettel’s 2025 annual financial disclosure, the group’s total revenue reached VND223 trillion ($8.92 billion), surpassing the annual plan by 8.5 percent. Post-tax profit came in at approximately $1.79 billion, exceeding the plan by 11.4 percent%. Tax payments to the state totaled $1.69 billion, versus a plan of $1.65 billion, or 2.7 percent higher.
Vietnam’s semiconductor sector has so far recorded foreign direct investment (FDI) of $14.2 billion across 241 projects.
Major investments in the country include Intel’s cumulative investment of over $4 billion in Ho Chi Minh City, Hana Micron’s $930 million investment in Bac Ninh province, Amkor Technology’s $1.6 billion advanced packaging plant in Bac Ninh province, and Samsung planning to invest billions of USD in Thai Nguyen province.
Vietnam records foreign investment $14.2B in semiconductor, to further attract big tech