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HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam

Tra Vinh (VNA) - The Mekong Delta province of Tra Vinh will dredge its 18 main irrigation canals that run a total of 162 km in the next four years at a cost of 387 billion VND (16.7 million USD) to improve the supply of water for irrigation during the dry season.  The money will come from the Government and the province. The canals provide freshwater to the major agricultural districts of Cang Long, Cau Ke, Tieu Can, Chau Thanh, Cau Ngang, and Tra Cu and Duyen Hai town. The dredging will increase their capacity and help prevent the severe shortage of freshwater caused by saltwater intrusion during the dry season in recent years. Pham Minh Truyen, Director of the province Department of Agriculture and Rural Development, said over the past four years the province had been severely affected by climate change, especially in the dry season, including impacts on agriculture and people’s lives. Saltwater intrusion caused damages worth more than 1.1 trillion VND (47.5 million … [Read more...] about Tra Vinh to dredge irrigation canals to better cope with dry season

Hanoi (VNA) - Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19. Vietnamese companies have proved their capacity in research and development (R&D) and design, according to Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Nguyen Duc Thuan. Signs show that Vietnam is further penetrating into the leather-footwear supply chain, he said, as the design and R&D processes rake in high added value for products. The domestic supply of materials for the sector now represents 60 percent. Local businesses can take the initiative in producing soles and moulds, as well as packaging and labelling. This is attributable to their activeness in manufacturing materials locally, Thuan added. In particular, the Gia Dinh Footwear JSC has set up industrial clusters to attract investment in … [Read more...] about Footwear sector further penetrates global supply chain