Announcing the US International Technology Innovation and Security (ITSI) Fund in Vietnam

On September 11, in Hanoi, the announcement ceremony of the US International Technology Innovation and Security (ITSI) Fund in Vietnam took place, organized by the National Innovation Center in coordination with the US Department of State , the US Embassy in Vietnam and Arizona State University.

Minister of Planning and Investment Nguyen Chi Dung speaks at the event

Minister of Planning and Investment Nguyen Chi Dung and US Ambassador to Vietnam Marc Knapper attended the event.

Speaking at the event, Minister of Planning and Investment Nguyen Chi Dung said that this announcement ceremony is a practical and meaningful activity to celebrate the first anniversary of the establishment of the Comprehensive Strategic Partnership for peace , cooperation and sustainable development between Vietnam and the United States. This is also an important milestone in the roadmap for implementing the project "Developing human resources for the semiconductor industry to 2030, with a vision to 2050" that the Ministry of Planning and Investment has researched, developed and submitted to the Prime Minister.

Scene of the announcement ceremony

“In addition to cooperation activities in training and human resource development, Vietnam and the United States have agreed to make innovation and high technology, especially the semiconductor industry, an important pillar in the bilateral cooperation relationship,” the Minister of Planning and Investment stated.

According to the leader of the Ministry of Planning and Investment, the announcement ceremony not only marks the beginning of a new training program with international standards on packaging and testing of microchips for lecturers and students of universities in Vietnam, but also an important step in the journey of gradually mastering technology by Vietnamese people in the semiconductor industry - an important solution to promote a breakthrough in the value of Vietnamese people in the socio -economic development strategy.

Event attendees

Expressing sincere thanks to the US Government and all partners who have contributed to the success of this initiative, Minister Nguyen Chi Dung called for the support of businesses, research institutes, and universities from the US and Vietnam.

“Let's seize this opportunity with determination. Let's join hands to create a favorable environment for innovation, including the semiconductor industry, where bold ideas are nurtured and Vietnam's policies in developing the semiconductor industry are realized. The presence and full participation of the ecosystem's actors in today's program clearly shows that: "If you want to go fast, go alone, if you want to go far, go together", the head of the Ministry of Planning and Investment emphasized.

Established under the US CHIPS Act of 2022, the ITSI Fund is designed to enhance semiconductor capacity and the resilience of the semiconductor supply chain worldwide.

Vietnam is one of eight strategic countries selected for this initiative, along with Costa Rica, Mexico, Panama, Indonesia, the Philippines, Kenya and India. The US Department of State has awarded Arizona State University $13.8 million to promote talent development and develop public policy recommendations in these countries.

MR. PHUONG

Source: https://www.sggp.org.vn/cong-bo-quy-doi-moi-sang-tao-va-an-ninh-cong-nghe-quoc-te-itsi-cua-hoa-ky-tai-viet-nam-post758327.html