US, Vietnam launch semiconductor workforce development initiatives – Statement

Washington, Sep 11 (UNI) The United States and Vietnam have jointly launched semiconductor workforce development initiatives to bolster Vietnam’s role as a major player in the industry, according to a leaders’ statement released on Monday.

US President Joe Biden visited Vietnam from September 10-11 as part of his Asian trip that also included a stop in India for the G20 summit. In Hanoi, Biden met with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and President Vo Van Thuong, among other top officials.

“The United States and Vietnam announced the launch of semiconductor workforce development initiatives – supported by initial seed funding of $2 million from the U.S. government, in conjunction with future Vietnamese government and private sector support,” the statement said.

The two countries also committed to supporting the rapid development of Vietnam’s semiconductor ecosystem and working to improve Hanoi’s position in the global semiconductor supply chain. They also agreed to strengthen science, technology, and digital innovation cooperation, it added.

In addition, both sides agreed to facilitate the opening of markets for each other’s goods and services and address issues such as market access barriers via the Trade and Investment Framework Agreement.

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