Press conference on Integrated Circuit and application products by ICDREC

On 7 June 2017, a press conference on Integrated Circuit (IC) and application products of the Integrated Circuit Design Research & Education Center HCM City (ICDREC), which is under the Ho Chi Minh City National University, took place at Saigon Innovation Hub. The event was co-hosted by ICDREC and the Ho Chi Minh City Semiconductor Technology Association.

Mr Pham Hong Bach handed the assessment certificate over to Mr Ngo Duc Hoang under the witness of Deputy Chairman of HCM City People's Committee Tran Vinh Tuyen. (Photo:

Attending the event were the Vice Chairman of Ho Chi Minh City People's Committee, Mr Tran Vinh Tuyen and Vice Chairman of the City’s Committee for Overseas Vietnamese, Mr. Nguyen Truong Nhan, together with representatives from the Institute of Science and Technology Assessment - Ministry of Science and Technology, The City’s Department of Science and Technology and Semiconductor Technology Association.

At the press conference, the Organizers have announced the appraisals of 21 microchip products constructed by ICDREC and funded by the Ministry of Science and Technology and the City’s IC Industry Development scheme in the 2013-2020 period.

According to Mr. Pham Hong Bach, representative of the Institute of Science and Technology Assessment, the appraisal process was conducted by invited IC experts and the Price Management Department of the Ministry of Finance. The appraisal was done objectively and the accuracy rate is relatively high (with a margin of error of 10%). After the appraisal process, the Institute announced that the intellectual property of ICDREC was about 290 billion VND, the value of technology transfer was 68.8 billion VND and the value of production and supply was around 30.9 billion VND. The appraisal will help the products gain better market value, attract investors, facilitate transfer technology and accelerate the development of the IC industry of Ho Chi Minh City.

In his congratulatory speech, Mr. Tran Vinh Tuyen, Vice Chairman of Ho Chi Minh City People's Committee emphasized that, for their survival, IC products must be commercialized. Therefore, ICDREC and its affiliated companies should endeavor to promote the commercialization of these products even better which finally helps the City’s IC industry to thrive too. ICDREC has been researching and producing many applicable technology products with the support and advice of experts, especially overseas Vietnamese, for many years. Prof. Dr. Dang Luong Mo, a Vietnamese Japanese, is currently the direct consultant for ICDREC.



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