HCMC - Japan’s Tokuyama Corporation announced at the Vietnam-Japan Cooperation Forum in Hanoi that it will build a polysilicon plant in Vietnam to support semiconductor production.

The Vietnam–Japan Cooperation Forum was held on the afternoon of April 28 at the Government Office in Hanoi, co-chaired by Vietnamese Prime Minister Pham Minh Chinh and his Japanese counterpart Ishiba Shigeru. At the forum, Vietnamese and Japanese businesses shared cooperation and investment plans to realize the shared vision on science, technology, innovation, digital transformation, and green transition, reported the Vietnam News Agency. Tokuyama, a global leader in semiconductor-grade silicon, announced plans to develop a manufacturing facility to support the semiconductor industry in Vietnam. “Given Vietnam’s policy priorities for semiconductor industry development, we have decided to build a polysilicon plant in Ba Ria–Vung Tau Province,” a Tokuyama representative said. Meanwhile, Truong Gia Binh, chairman of FPT Corporation, said that last week Sumitomo Corporation and SBI Holdings agreed to partner with FPT to build an AI facility with NVIDIA in Japan. At the forum, Japanese Prime Minister Ishiba Shigeru described Vietnam as an attractive destination for Japanese businesses, citing its 100-million population and a skilled, abundant workforce. The potential for Vietnam–Japan cooperation is boundless, and Japan wants to strengthen ties and build a long-term partnership with Vietnam, he said. Japan will support Vietnam in training and developing its workforce, including accepting 250 PhD researchers in semiconductors. The Japanese leader pledged to help Vietnam advance its high-tech industries, cut carbon emissions, and build a polysilicon plant—an essential component of semiconductor manufacturing. PM Pham Minh Chinh said that amid global challenges, semiconductors, high technology, innovation, clean energy, green growth, and the circular economy will be key to fast and sustainable development for both countries. He emphasized that Vietnam is improving its investment climate based on the “three transparencies”: open institutions, seamless infrastructure, and a smart workforce.