Chipmakers among 15 US firms eyeing $8 billion Vietnam investment: US official

HANOI: Fifteen U.S. companies, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country’s progress on renewable energy rules, a senior U.S. official said on Friday.

Vietnam is seeking to attract chipmakers and wants to boost its renewable energy sector but it has so far struggled to adopt rules that would allow the expansion of its solar and onshore wind industry and the development of offshore wind farms of which it has none now.

“They are prepared to invest as much as $8 billion,” U.S. undersecretary for economic growth and the environment Jose Fernandez told a press briefing in Hanoi, when asked if U.S. companies wanted to invest in Vietnam.