Investment opportunities in vietnam

“The increased investment decision from Intel means a great deal to us and proves Intel’s great confidence in the local workforce and the stable investment environment in Vietnam, Ho Chi Minh City, and SHTP in particular. We will continuously provide our best support to Intel operations and look forward to welcoming more US investors and consider Intel’s expansion and new investment in Vietnam, particularly in SHTP as a great success story,” said Thi. … [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

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

Hanoi (VNA) – India’s e-newspaper Times of India on January 26 ran an article about the 13th National Congress of the Communist Party of Vietnam, spotlighting Prime Minister Nguyen Xuan Phuc’s speech at the congress opening. The article quoted the Vietnamese PM as saying that the congress is taking place at a time of complicated regional and international developments and global challenges such as climate change, natural disasters and pandemics. In that sense, Vietnam’s 13th National Party Congress comes at a historic time not only for Vietnam but also for the Indo-Pacific region as a whole, it said, adding that there are multiple challenges and opportunities. Having made tremendous economic progress over the last 15 years, Vietnam’s policy of “Doi Moi” (Renewal) has not only raised prosperity for the Vietnamese people but also significantly bolstered the country’s regional and international position, it said. In fact, most … [Read more...] about Indian e-newspaper highlights Vietnam’s role in region

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