Vietnam pledges more energy security as chip race heats up

Hanoi acknowledges pressure from rival investment destinations Malaysia and India

20240509 Vietnam semiconductor

Vietnam is keen to attract high-level chip investment amid a historic shift in global tech supply chains. (Nikkei montage/Source photos by Reuters and Getty Images)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnam plans to secure sufficient energy supplies for chip and other technology companies, a state official told Nikkei Asia, acknowledging the difficult competition with neighbors like Malaysia for semiconductor investments.

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