Vietnam's chip diplomacy aims to position the country as an alternative chip manufacturing hub to China, particularly in the United States. The power dynamics evolving around semiconductors are being reshaped as middle powers in the Indo-Pacific and beyond seek technological autonomy and self-reliance in critical technology domains. Vietnam's approach includes focusing on building a strong base in ATP, attracting global investments in local companies for ATP, and building a local supplier base in the country.
The signs of growing global confidence in Vietnam's potential to emerge as an alternative chip manufacturing hub to China are apparent, particularly in the United States.
With an ambitious goal to enter the middle-income bracket by 2030 and to become a developed country by 2045, Vietnam sees innovation and digital transformation as 'golden keys' to unlock the doors to its new phase of development. In February, US President Donald Trump made a landmark decision that the United States' would remove Vietnam from the export control list, where it had been placed alongside China and Russia since the Cold War years.
Vietnam's chip diplomacy is hoping for a big win in talks to set up a research and development and semiconductor training centre in the country with ASML, the world's sole manufacturer of the Extreme Ultraviolet Lithography technology. To this end, Hanoi's 'chip diplomacy' has been both persistent and tactful while seeking to ease the way for Vietnam to realise its ambitions
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