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The expansion is in addition to the semiconductor giant's over US$1 billion investment to develop IPV, Intel’s chip assembly and test manufacturing facility at the Saigon Hi-Tech Park in HCMC, which was first announced in 2006. This takes Intel's total investment in Vietnam to over US$1.5 billion. … [Read more...] about Intel invests additional US$475 million in Vietnam

IPV is the largest assembly and test manufacturing facility in the Intel assembly and test network. It has more than 2,700 employees and serves customers around the world. IPV is one of 10 manufacturing sites that Intel has globally and remains the largest US high-tech investment in Vietnam. … [Read more...] about Intel injects additional $475 million into Vietnam facility

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

Hanoi (VNA) - Deputy Prime Minister and Foreign Minister Pham Binh Minh on January 27 sent a congratulatory message to newly-appointed US Secretary of State Antony Blinken. In the message, Minh spoke highly of Blinken’s contributions to the promotion of the Vietnam-US relationship over the years. He affirmed that Vietnam attaches importance to and hopes to strengthen the bilateral relationship in a practical, stable, and long-term direction based on the principle of respecting international law as well as each other’s independence, sovereignty, territorial integrity, and political institutions. Minh also expressed a hope that the foreign ministries of Vietnam and the US continue to work closely together, thus contributing to further deepening the Vietnam-US comprehensive partnership, especially in the fields of economy, trade, investment, and COVID-19 response. Earlier, on January 25, he also cabled a message of congratulations to US National Security Advisor Jake … [Read more...] about Congratulations to newly-appointed US Secretary of State

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