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
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Finance sector contributes decisively to national achievements: Official
Hanoi (VNA) - The national finance sector has recorded important developments and made decisive contributions to the country’s achievements, according to member of the Party Central Committee and Minister of Finance Dinh Tien Dung. Addressing a discussion within the framework of the 13th National Party Congress on January 27, Dung said the financial sector has implemented the policy of e-government development towards a digital government and digital economy, and promoted IT application and development. Businesses now basically conduct all tax declarations, tax payments, tax refunds, and customs procedures via digital platforms. The restructuring of the State budget and public debt in the 2016-2020 period helped strengthen national finances while mobilising more resources for COVID-19 prevention and control, supporting the national economy to avoid recession, helping Vietnam become one of the few economies posting positive growth in 2020, and creating an important foundation … [Read more...] about Finance sector contributes decisively to national achievements: Official
VN-Index falls under 1,100 points as many big stocks hit the maximum daily loss
According to a daily report from MB Securities SJC, the domestic stock market fell for second consecutive session on selling pressure to book profits. Without a leading stock group, the market fell from the morning session and just lightly recovered when stocks went down to supportive zones that attracted cash inflows for bottom purchasing. … [Read more...] about VN-Index falls under 1,100 points as many big stocks hit the maximum daily loss
