<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/14/410904_IMG_5230.jpg" alt=""></figure></td></tr><tr><td>Chips designed by the HCM City University of Technology under VNU-HCM. — VNS Photo Nguyễn Diệp</td></tr></tbody></table></figure>Nguyễn DiệpHCM CITY — The development of the outsourced semiconductor assembly and test (OSAT) industry in Việt Nam needs more Government support policies to solidify the country’s position in the global semiconductor supply chain, attendees heard at a forum held in HCM City on March 14.The semiconductor advanced packaging forum was organised at the Việt Nam National University-HCM City (VNU-HCM), with the participation of many local and foreign universities, businesses and experts in OSAT.The forum focused on discussing the development, workforce demands and technology of the OSAT industry in the country.As a crucial stage in the global semiconductor supply chain, the OSAT industry not only generates significant added value but also plays a pivotal role in the development of the semiconductor sector.Speaking at the event, chancellor of VNU-HCM Vũ Hải Quân said Việt Nam has significant potential to develop an advanced OSAT industry.“However, to become a crucial link in the global semiconductor supply chain, we must thoroughly understand the workforce and technological demands of the packaging and testing phase,” he said.It also needs to make strategic investments in developing training programmes, faculty teams, teaching and research facilities, and fostering collaboration among key stakeholders, such as the government, universities, and businesses.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/14/410835_55849.jpg" alt=""></figure></td></tr><tr><td>Chancellor of VNU-HCM Vũ Hải Quân gives a speech at the forum held on March 14. — VNS Photo Nguyễn Diệp</td></tr></tbody></table></figure>VNU-HCM has fulfilled its mission as the core driver in workforce development and building a research and innovation ecosystem closely linked to businesses.Since 2023, the university proactively developed a programme to position itself as a leading training and research centre for semiconductor technology in Asia.It has also launched key initiatives to enhance the quality of education and research, including developing a talent training programme for IC design and semiconductor technology at undergraduate, master's, and doctoral levels, as well as short-term certificate programmes.It is preparing for the establishment of the VNU-HCM Semiconductor Research Institute (VSRI) to serve as a hub for research and industry collaboration.It has strengthen partnerships with top universities and technology giants such as Purdue University, Intel, Synopsys, and NVIDIA, fostering hands-on training and applied research programmes while also investing in specialised laboratories to support practical training and research in IC design, testing, and packaging; and planning a national shared laboratory system, enhancing infrastructure for semiconductor research and development.With these efforts, VNU-HCM is committed to shaping a highly skilled workforce and solidifying the country’s position in the global semiconductor supply chain.This event is expected to provide valuable insights to help outline a clear roadmap for the development of the OSAT sector in particular and the semiconductor industry in the country as a whole in the future.Võ Văn Hoan, deputy chairman of the municipal People’s Committee, affirmed the critical role of the semiconductor industry in driving the economic and technological development of the city and the nation, as well as the important role of VNU-HCM in training high-quality human resources in the industry.The city is actively implementing Việt Nam's semiconductor industry development strategy and the semiconductor industry workforce development programme until 2030, with a vision toward 2050.“This is an important step to implement the city’s goal of becoming a leading high-tech hub in the region," he said.“However, in order to reach this goal, it requires the joint efforts of businesses, universities, research institutes, technology experts and investors,” he said.VNU-HCM not only is a pioneer in semiconductor workforce development, but also plays a crucial role in implementing this goal.He asked the university to focus on improving the quality of training and promoting cooperation with businesses to provide high-quality human resources for the development of the new industries, including chips and semiconductors.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/14/410906_IMG_5223.jpg" alt=""></figure></td></tr><tr><td>Exhibition booths showcased businesses in the semiconductor industry at the forum held at VNU-HCM on March 14. — VNS Photo Nguyễn Diệp</td></tr></tbody></table></figure>Trần Kim Chung, chairman of CT Group, said CT Group always identifies technology and innovation as strategic pillars in its development journey due to CT Group's sustainable strengths in the field of scientific research and the Group's creative culture.In the context of Industry 4.0, the semiconductor industry plays a very important role in many high-tech fields.Last year, the world sold more than 1 trillion chips, equivalent to 125 chips per person, higher than any other technology product, and the growth rate continues to be double-digit every year.Việt Nam has about 70 million people under 35 years old with high learning and self-study ability. The country is always in the top 10 in the world in mathematics.The trend of diversifying the supply system in the global semiconductor industry today and the special geopolitical position of the country creates a great opportunity for this solid triangle (called the Sustainable Triangle - S3).The Vietnamese Government has put forward very practical strategies for the semiconductor industry.Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation and national digital transformation, promotes the development of the semiconductor industry, and is a driving force for domestic enterprises to invest and develop.The National Assembly has also passed Resolution No. 193/2025/QH15 on piloting several special mechanisms and policies to create breakthroughs in the development of science, technology, innovation, and national digital transformation, creating many favourable conditions for the development of technological industries."We hope that the Government will quickly promulgate a combined Circular - Decree to shorten the time and progress of implementing Resolution 57 and Resolution 193," he said.CT Semiconductor also proposed support from the municipal People's Committee to offer it conditions equivalent to those of FDI enterprises, including land leases in high-tech park and other conditions that are and will be applied to FDI businesses.At the event, VNU-HCM signed MoUs with CT Group and Minghsin University of Science and Technology on cooperation in the field of semiconductors.The event also featured exhibition booths showcasing businesses in the semiconductor industry. — VNS

The development of the outsourced semiconductor assembly and test (OSAT)&nbsp;industry in Việt Nam&nbsp;needs more&nbsp;Government support&nbsp;policies to&nbsp;solidify&nbsp;the country’s&nbsp;position&nbsp;in the global semiconductor supply chain, attendees heard at a forum held in HCM City on Friday (March 14).

Việt Nam’s OSAT industry needs stronger policy support to thrive in global market

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/13/410334_5110006031702428_vna_potal_bo_xay_dung_tap_trung_trien_khai_nha_o_xa_hoi_giai_doan_2021_-_2030_7271079.jpg" alt=""></figure></td></tr><tr><td>The Mê Linh Social Housing Area in Hà Nội has been completed and put into use. VNA/VNS Photo Tuấn Anh</td></tr></tbody></table></figure>The development of social housing remains a key government priority to ensure social security and boost economic growth. However, progress is lagging due to administrative delays and challenges in accessing preferential credit for developers.The objective of the project approved on April 3, 2023 by the Prime Minister is to "build at least one million social housing units for low-income groups and industrial park workers between 2021 and 2030", averaging over 100,000 units per year.Experts and businesses have called for special policies to accelerate progress and meet targets.According to the Ministry of Construction, from 2021 to 2024, only 103 projects with 66,755 units have been completed nationwide, reaching just 6.2 per cent of the target of about 1,062,200 units by 2030.On average, more than 30 projects with about 22,250 units have been completed per year. In 2024 alone, 28 projects with 21,874 units were completed.However, by the end of 2024, progress remained behind schedule by around 230,000 social housing units, which will have to be carried over into the 2025-2030 period.Deputy Minister of Construction Nguyễn Văn Sinh said the target for 2025 was to complete 100,000 social housing units. As of March, 37 out of 63 provinces and cities had announced 90 social housing projects, with total disbursements exceeding VNĐ2.8 trillion (US$109.9 billion).Sinh proposed that the Prime Minister assign the Ministry of Construction to study and pilot a special mechanism and policies for social housing development to resolve existing obstacles in the sector.Streamlining the processThe development of social housing projects remains hindered by lengthy administrative procedures.According to Đậu Minh Thanh, chairman of the Members’ Council of the Housing and Urban Development Corporation (HUD), which has completed and handed over around 3,500 social housing units, the procedures and timeline for developing such projects remain lengthy.From the initial investment approval to contract signing with an investor, a social housing initiative takes nearly 300 days. Additional steps, including project formulation, appraisal, investment approval, construction design approval, and project initiation, require at least another 300 days. Even under the most favourable conditions, it takes over 500 days to break ground on a social housing venture under current regulations.“This prolonged timeline discourages investors, as social housing projects typically have relatively low profit margins,” Thanh said.To address these challenges, he recommended preferential policies and streamlined regulations, including direct contractor selection for qualified investors, eliminating unnecessary bidding procedures, and expediting approvals.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/13/410335_5110006198309845_vna_potal_bo_xay_dung_tap_trung_trien_khai_nha_o_xa_hoi_giai_doan_2021_-_2030_7271053.jpg" alt=""></figure></td></tr><tr><td>A resident learns about social housing at Yên Phong Industrial Park in Bắc Ninh Province. VNA/VNS Photo Tuấn Anh</td></tr></tbody></table></figure>Representatives from the Urban Infrastructure Development Investment Corporation (UDIC) also proposed a fast-track approval mechanism and prioritising social housing projects in key investment categories to speed up implementation. UDIC reported that it had successfully reduced project timelines for social housing developments, such as the Hạ Đình Urban Area in Thanh Trì, Hà Nội. Instead of the original 36-month timeline, the project is now being completed within 24 months.The Viglacera Corporation, which is currently developing 10 social housing projects with a total of 17,200 units, also noted inefficiencies in the approval process. A representative proposed that pre-approved projects with finalised designs and pricing should not require bidding, allowing for direct assignments to qualified developers to accelerate progress.A representative from Vingroup, which has committed to building 500,000 social housing units by 2030, also called for granting local authorities the power to directly select contractors and investors. He suggested allowing parallel processing of administrative procedures to shorten project timelines."If the Government, banks and businesses work together, we can not only meet our targets but also deliver results more efficiently and with greater social impact," he said.Access to fundingSeveral businesses reported difficulties in accessing funding due to procedural barriers and challenges in proving project feasibility.Lê Hoàng Châu, chairman of the HCM City Real Estate Association, proposed that the Việt Nam Bank for Social Policies provide preferential loans for social housing investors. He also urged the State Bank of Việt Nam (SBV) to guide commercial banks in implementing the VNĐ145 trillion ($5.69 billion) credit package and lowering lending rates.A UDIC representative noted that large-scale credit packages often faced complicated appraisal procedures and lengthy processing times, making it difficult for businesses to access preferential capital.SBV Governor Nguyễn Thị Hồng said it was crucial to assess housing demand and available resources in each locality. She suggested that Project 06 of the Ministry of Public Security could help identify individuals in need of housing, classified by ownership, purchase, or rental needs.For businesses, Hồng called for supportive policies on land tax, interest rates, investor selection, and procedural simplifications to encourage greater investment in the sector.Highlighting risk management, she noted that banks primarily mobilise short-term deposits, while housing projects would require long-term financing. She said that balancing liquidity was crucial to financial stability, meaning bank capital should supplement rather than drive social housing development.To address funding challenges, Hồng proposed allocating state budget funds through entrusted loans from banks and establishing a dedicated housing fund managed by banks, allowing for longer loan terms and lower interest rates.She added that under SBV's two ongoing programmes, including the VNĐ145 trillion credit package and a special loan programme for individuals under 35 years old, banks had been urged to take responsibility in implementing the Government’s directives. These programmes would offer preferential interest rates as low as 1-3 per cent, significantly lower than standard rates."Currently, nine banks have committed to providing VNĐ45-55 trillion in loans, with terms of up to 15 years at interest rates 1-3 per cent lower than usual," Hồng said.With a strong commitment to addressing bottlenecks, Prime Minister Phạm Minh Chính issued a series of directives at the March 6 conference on social housing development. He instructed authorities to review the current 10 per cent profit margin for social housing projects, considering potential adjustments while ensuring efficiency and timely implementation.To ensure funding reaches the right beneficiaries, Chính ordered the establishment of a National Housing Fund by March 2025. He also mandated the approval of priority housing beneficiaries based on an integrated national population database to ensure transparency and fairness.Additionally, he highlighted the importance of public-private partnerships, land tax incentives, and lower interest rates to attract more businesses to the sector. Local budgets would also be allocated through the Việt Nam Bank for Social Policies, alongside land clearance and the development of a clean land fund to accelerate implementation.The Prime Minister stressed the urgent demand for social housing, urging authorities to take proactive action. He reaffirmed that social housing development was not just an economic task but a political mission, where every policy must be centred around the people. VNS

To overcome challenges, experts and businesses have recommended implementing special policies to accelerate progress and achieve the set goals.

Special mechanisms needed to accelerate social housing

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/13/406491_5093143178909853_vna_potal_truong_dai_hoc_su_pham_ky_thuat_hung_yen_dao_tao_nguon_nhan_luc_chat_luong_cao_7264169.jpg" alt=""></figure></td></tr><tr><td>Training high quality workers at Hưng Yên Province's University of Technology and Education. VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI - After nearly four decades of reform, Việt Nam has emerged as a middle-income country and is pushing forward with industrialisation and modernisation.The nation's socio-economic development strategy for the 2021-30 period set a target of achieving an average social labour productivity growth rate of at least 6.5 per cent a year, marking a significant shift from quantity-based to quality-driven growth.According to Dr Trần Hậu Ngọc, deputy chairman of the Commission for Standards, Metrology, and Quality of Việt Nam, labour productivity is the decisive factor in determining the economy’s competitive edge, amid international integration and fierce competition.Data from the commission’s Việt Nam Productivity Institute revealed that while productivity growth slowed during 2020-23 due to COVID-19 impacts and global political instability, Việt Nam maintained an impressive average productivity growth rate of 5.6 per cent annually from 2016 to 2023. This placed Việt Nam among the leading nations in Asia for productivity growth, outpacing regional peers such as Singapore (3.3 per cent), Malaysia (2.6 per cent), Thailand (2.6 per cent), the Republic of Korea (3.8 per cent), and Japan (0.2 per cent).Secretary-General of the Asian Productivity Organisation (APO), Dr Indra Pradana Singawinata, pointed out that Việt Nam faces several challenges in its development process, including human resources shortages, limited management capacity and modest R&amp;D investment. However, he emphasised Việt Nam's strong foundational advantages such as industrious population, political and social stability, and robust economic development trajectory until 2030 and 2045.While acknowledging the country's significant progress in boosting labour productivity, Associate Professor Dr Vũ Minh Khương from the National University of Singapore warned that the current growth rate falls short of the nation's potential. He stated that without substantial acceleration in productivity growth, Việt Nam will struggle to achieve the status of becoming a high-income nation by 2045.Legal frameworks neededIndra Pradana Singawinata recommended Việt Nam capitalise on its advantages, build human resources development policies while enhancing connections between research agencies and enterprises regarding research and innovation activities. He stressed that the country should improve national productivity in accordance with the new social environment and devise effective support programmes.Meanwhile, Ngọc said that the Government has issued and carried out multiple mechanisms, policies and strategies to boost productivity, including the national programme to support businesses in improving productivity and product quality and the master plan for productivity improvement through science, technology and innovation for 2021-30. In addition, labour productivity is envisaged to become an important driver for rapid and sustainable growth under the national programme on improving labour productivity until 2030.Most recently, the Politburo issued Resolution No. 57 on breakthroughs in science, technology, innovation and national digital transformation, setting specific targets in increasing the total factor productivity (TFP) contribution to economic growth to over 55 per cent.With a view to achieving the target, it is necessary to strengthen institutional frameworks, Ngọc said, adding the draft law on standards and technical regulations and another bill on product quality will be submitted to the National Assembly for approval at its upcoming session in May. VNS

Dr Indra Pradana Singawinata, Secretary-General of the Asian Productivity Organisation (APO), pointed out that Việt Nam&nbsp;faces several challenges in its development process, including human resources shortages, limited management capacity and modest R&amp;D investment.

Việt Nam boosts national productivity for economic growth

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/3/7/409426_5106153455077520_state%20budget%20disbursement.png" alt=""></figure></td></tr><tr><td>The Cao Lãnh-An Hữu expressway is being built in the southern province of Đồng Tháp. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — The disbursed investment from the State budget is estimated at VNĐ37.9 trillion (US$1.48 billion) in February, up 36.5 per cent from the same period last year, reported the General Statistics Office (NSO) under the Ministry of Finance.The sum comprises VNĐ5.5 trillion from the central budget and VNĐ32.4 trillion from local budgets, respectively growing 20.1 per cent and 39.8 per cent.The NSO said that after the Lunar New Year (Tết) holiday, ministries, sectors, and localities have focused on accelerating the investment projects funded by the State budget.As a result, the disbursed investment from the State budget during the first two months of 2025 stood at around VNĐ73.2 trillion, equivalent to 8.5 per cent of the annual plan and a year-on-year increase of 21.7 per cent.Funding from the State plays a crucial role in nationally important projects, along with the structures, areas, and sectors that other sources of capital are not allowed or interested in investing in.It serves as an important contributor to economic restructuring of the country and also helps attract investment from other sources.Meanwhile, about $2.95 billion in foreign direct investment (FDI) was disbursed in the first two months, rising 5.4 per cent from a year earlier. This is the highest FDI value disbursed during January–February over the past five years, according the GSO. — VNS &nbsp;

Authorities at all levels have focused on accelerating the investment projects funded by the State budget after the Lunar New Year (Tết) holiday.

Disbursed investment from State budget increases 36.5 per cent

TNH99 Vietnam joint stock company is a multi-sector investment management company. Currently, TNH99 focuses on media, marketing, real estate, health care, F&amp;B and trading. TNH99 Vietnam always defines the customer benefits as the core value in it’s development strategy. We have been incessantly inovating, creating new values, complying with, committing to respect and consistently enforcing the common principles of conduct that make up TNH99 culture. Each member of TNH99 Vietnam has so much enthusiasm, devotion. They understand that interests of the company as well as its customers and social responsibility are focused.TNH99 currently has over 26 subsidiaries and affiliates throughout the country. At TNH99, more than 300 employees, experienced professionals, industry-leading experts, senior advisors and an open knowledge system provide a solid foundation for sustainable development.PRINCIPLES OF OPERATIONFollowing the "for human development" philosophy, TNH99 constantly searches and researches the needs of human and social trends. With the visionary leadership and management as well as young and professional staff, we are constantly growing and affirming our brand in the fields in which we operate in the Vietnamese market.CORE VALUESPeople are the most important resource, helping to create the values and differences of TNH99. They have the knowledge, qualifications and experience that are constantly accumulated and developed.The employees of TNH99 also have the unique characteristics of the Vietnamese people and industries. They always unite, strive towards professionalism, absorb and behave appropriately in communication with customers.Besides, leadership capacity is a key factor that helps TNH99 plan and successfully implement the sustainable development goals, promote the use of advanced management systems and tools, make accurate and timely decisions.Orientation to improve social responsibility, value management is applied at TNH99 to create a culture of effective work, productivity and quality. These values ​​are shared by TNH99 leaders and staff with partners and customers.TNH99 is committed to behave and operate with the following values: Efficiency, Quality, Straightforward, Enthusiastic, Professional.QUALITY POLICY:Meet the needs and satisfy customers by the highest quality of organization and service;Regularly research, apply and develop advanced technology to improve product quality, service and competitiveness in the field of operation;Identify and provide sufficient resources to ensure effective implementation of the quality management system.DEVELOPMENT ORIENTATIONWith a joint-stock operating model, we are still consistent with the tagline "We grow business", in which the principle of human resource development is an important step, governance is an important phase and promoting corporate culture is a regular task. Oriented solutions and services of TNH99 helps businesses to create sustainable added values ​​for people.We are committed to providing the most effective and practical services for Vietnamese businesses and the world for sustainable joint development.We always keep in mind, cherish and create products that constantly meet the expectations of the business community.We behave and cooperate based on civilized values ​​while promoting the cultural identities of VietNam.

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In order to remain attractive to both customers and investors in the long run, businesses and brands must not only be strong enough in terms of technical facilities, advanced technology equipment, human resources ... but also must make efforts to build and promote their brand names and identities, in which communication plays an important role.Over the past 10 years, having a creative, experienced team and high-quality event equipment system, customers' trust, TNH99 has been successful with more than 3,000 events in various fields across the territory of Vietnam: Conferences, seminars, conventions, sports tournaments, festivals, exhibitions, fairs, etc. Those events bring great success to customers and make a strong impression as well as far-reaching effects in society.We’ll assess the situation, offer a clear perspective and guide you to consider all angles. TNH99 will help you develop a plan to ensure you are communicating with your customers, partners, public and press in an appropriate and timely manner.Whether you’re running your own business, or just starting out on your business career, you’ll need to be a great communicator! We are here to help you make a perfect communication strategy.

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THN99's restaurant chain gives À la carte diners the impression of a luxurious, modern space designed by famous architects. Each seating area, each room is designed with separate space. Strictly recruited chef team ensures excellent quality for the signature dishes requested by customers.Our restaurant also leads the way in guaranteeing our customer’s health. With slogan “Fresh food and best products used to make sure the food maintains a high quality, without recycled cooking oil and food coloring”, considerate and honest service, reasonable prices, food and safety hygiene, it attracts local and international guests.Our wine list was composed by Vietnamese and French connaisseurs and all selections were made while sampling the menu with our own Chef along with other Vietnamese chefs.Enjoying the scrumptious food, sipping a glass of passionate wine under the enormous sky while the melodious music is a kind of exciting and emotional experience that we provide for our guests.THN99 pride ourselves as the leader in bringing a quantum value leap to the F&amp;B industry. We are constantly redefining boundaries, creating novel products and services that perfectly address the needs of the F&amp;B industry.<figure class="image"><img src="http://localhost:5000/images/eugenia-clara-Q_hMTpKu5qg-unsplash_ef111_20241118084213.jpg"></figure>&nbsp;

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THN99 seamlessly brings together our strategic advisory services with our superior execution services to create meaningful outcomes for our clients.Whether you’re a real estate professional, member of a community association, or commercial property owner, we have the services, contacts, technology and know-how to guide you through the sales, leasing and management process from beginning to end, no matter your needs.Following the motto "Prestige and quality are put on the top", we always ensure the quality of prestigious products.Our team constantly change according to the general trend of the real estate market in terms of models, customer needs in order to bring customer satisfaction.Operation fields:•&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brokerage services for offices, shops, houses•&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consulting services for leasing land, factory and industrial park•&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services for rent apartments, villas, private houses for foreigners.

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We understand that health always comes first. TNH99 have prioritized improving the quality of services in the chain of companies, hospitals and clinics to meet the needs of the people. Medical staff have much experience of medical examination as well as treatment, equipment and tools for examination or treatment for patients are modern.In addition, we understand that the rapid development of IT strongly affects every aspect of human life, especially in the health sector. We have step by step created IT applications in the field of medicine with the goal of building a healthy community, in which each individual plays an active role in decisions related to his own health. We help people manage lifelong health in a smart, scientific and professional way to live a safe, long and healthy life.