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Intel plans to expand investment in Vietnam

The Saigon Times

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HCMC – Intel will expand its business and investment activities in Vietnam in the future, Intel CEO Patrick Gelsinger said at a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi yesterday, May 27.

The Intel CEO said that Vietnam is an attractive destination for foreign investors as it has a dynamic economy, a promising market, an industrious and creative workforce, in addition to favorable conditions for foreign investors.

During the public health crisis, the country demonstrated its exemplary management of the Covid pandemic, helping Intel maintain production.

Intel decided to scale up its business and investment in Vietnam, focusing on hi-tech, eco-friendly, and tightened cooperation with Vietnamese businesses. This is aimed at achieving more significant success for the two sides and contributing to the digital transformation and development of the investment ecosystem in Vietnam.

The Intel leader stressed that Vietnam has great opportunities to deeply integrate into the regional and global supply chains and digital ecosystem. He thanked the Government for supporting Intel to advance, expecting that it would continue offering optimal conditions for Intel and other hi-tech firms.

PM Chinh praised Intel’s investment activities in Vietnam over the past 15 years.

The Government leader suggested Intel continue its investment in Vietnam and support Vietnam in developing a digital, innovative, and startup ecosystem, as well as building a research center in Vietnam.

The prime minister asked the ministries and relevant agencies to create favorable conditions for Intel to quickly complete its investment procedures in Vietnam in line with the prevailing regulations.

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