Vietnam, particularly Hanoi, shows promise as a semiconductor production hub in Southeast Asia. With robust government support, strategic location, and infrastructure development, it attracts major players like Samsung and Nvidia. Despite its current focus on assembly and testing, Vietnam aims to climb the value chain by enhancing design and packaging capabilities. Tax breaks, industry grants, and initiatives to address the engineer shortage demonstrate commitment to growth. Hanoi’s trajectory in the semiconductor industry will be influenced by global trends, technological advancements, and geopolitical dynamics.