Stock Markets August 27, 2026 11:54 PM

Vietnam pushes Qualcomm and Samsung to scale up AI, chip and R&D investment as it seeks a tech upgrade

Hanoi urges deeper commitments in AI, semiconductors, data centres and connectivity as it pivots toward innovation-led growth

By Sofia Navarro
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QCOM

Vietnamese leaders pressed Qualcomm and Samsung Electronics to expand investments across artificial intelligence, semiconductor manufacturing and research and development during meetings in Hanoi. Officials described a national shift toward growth driven by science, technology, innovation, digital transformation and AI, and welcomed broader corporate engagement to strengthen the country’s industrial base and participation in global value chains.

Vietnam pushes Qualcomm and Samsung to scale up AI, chip and R&D investment as it seeks a tech upgrade
QCOM
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Key Points

  • Vietnam urged Qualcomm to increase investment across AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies as it transitions toward a science and technology-driven growth model - impacts technology, semiconductor and infrastructure sectors.
  • Qualcomm has an existing R&D centre in Hanoi and said it wants Vietnam to become its third-largest AI R&D hub globally - relevant to R&D and data centre development.
  • Vietnamian leaders told Samsung to remain a key partner; Samsung has invested $24 billion in Vietnam and exports from its mobile phone operations there have totaled $500 billion since production began 17 years ago, with the company indicating plans for more investment and training - affecting manufacturing, exports and supply-chain integration.

HANOI, August 28 - Vietnamese officials met senior executives from Qualcomm and Samsung Electronics in Hanoi to urge expanded spending on artificial intelligence, semiconductors and related research and development as part of an effort to reposition the country as a regional innovation centre.

At a meeting on Thursday, Communist Party General Secretary and President To Lam asked Qualcomm Chief Executive Cristiano Amon to increase investment in AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies, according to a government statement. The government said the request was made in the context of Vietnam moving toward a growth model anchored by science, technology, innovation, digital transformation and artificial intelligence, and that Hanoi welcomed additional investment in those areas.

Qualcomm was reported as saying it intends to expand its footprint in Vietnam and to develop the country as the company’s third-largest artificial intelligence research and development hub globally. The company already operates an R&D centre in Hanoi and has carried out collaboration with Vietnamese firms such as Viettel and VinSmart, the government statement said.

Also on Thursday, Prime Minister Le Minh Hung met Samsung Electronics Chief Executive Roh Tae-moon and urged Samsung to remain a strategic partner in building Vietnam’s technological capacity, strengthening its industrial base and deepening integration into global value chains, according to a separate government statement. The prime minister praised Samsung’s role in Vietnam’s industrial development and exports and described the country as one of Samsung’s most important manufacturing hubs worldwide.

The government noted that total exports from Samsung’s mobile phone manufacturing operations in Vietnam had reached $500 billion by the end of June since production began 17 years earlier. It also stated that Samsung had invested $24 billion in Vietnam to date.

Roh was quoted as saying Samsung planned additional investment and training in Vietnam, and that the company was working with the government to enable local firms to participate more fully in its global supply chain.


What officials emphasized

  • Vietnam is seeking to advance a technology-led growth model and is encouraging multinational tech companies to increase capital and R&D commitments.
  • Qualcomm aims to expand its AI R&D presence in Vietnam and already has an R&D centre in Hanoi with prior collaboration with domestic firms.
  • Samsung remains a major manufacturing partner in Vietnam, with significant cumulative exports and investment, and has indicated plans for further investment and training.

Context provided by officials and executives in the meetings

Vietnamese leadership framed the conversations as part of a wider push toward innovation, highlighting areas including semiconductors, robotics, next-generation connectivity and data infrastructure. Corporate representatives conveyed intentions to grow operations and support local engagement, while specific timelines and scales of new commitments were not detailed in the statements released by the government.

Risks

  • The government statements report intentions and plans but do not specify timelines or firm capital commitments for expanded investment, creating uncertainty about when and at what scale new projects will proceed - relevant to investment and semiconductor sectors.
  • Efforts to deepen local firms' participation in global supply chains are described as ongoing cooperation between Samsung and the government, but the precise mechanisms and extent of deeper participation are not detailed, leaving questions for local suppliers and industrial policy.
  • While officials emphasize a shift to an innovation-led growth model, statements do not provide specific milestones or guarantees for outcomes, introducing uncertainty for stakeholders in technology, R&D and infrastructure sectors.

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