Vietnam’s Economic Statecraft in the Global Chip Race

Vietnam is making significant moves to enhance its semiconductor sector as part of its broader economic strategy amid the global chip race. The push includes substantial investments aimed at developing local capabilities in this critical technology sector. This initiative is crucial as global reliance on semiconductors intensifies, and countries vie for dominance in this high-stakes industry. While the long-term success of Vietnam's efforts remains uncertain, this move underscores the country's ambition to secure a competitive edge in the tech-driven global economy.