Vietnam is a top target for CHIPS Act aid funds, U.S. says

Country urged to seize the opportunity as supply chains shift from China

20240128 us vietnam secretary

U.S. economic envoy Jose Fernandez says problems with renewable energy are holding back billions in chip investment in Vietnam. Here he meets Vietnamese Planning and Investment Minister Nguyen Chi Dung. (U.S. Embassy Hanoi)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Washington is prepared to pump funds into Vietnam's chip sector to shore up supply chains and wants the country to "take advantage" of its bid to reduce reliance on China, a visiting U.S. envoy said.

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