Intel plans to expand investment in Viet Nam

May 30, 2022 | 09:27 am GMT+7

Intel has planned to broaden business and investment activities in Viet Nam following country's good management of the COVID-19 pandemic, said Intel CEO Patrick Gelsinger.


The Intel CEO made the above statement at a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ha Noi on May 27.

Viet Nam is an attractive destination for foreign investors as it is a dynamic economy and a promising market, emphasized Gelsinger.

Gelsinger higlighted that that Viet Nam remains a charming investment destination in the eyes of foreign investors thanks to its dynamic economy, promising market, and industrious population.

He appreciated the Government's efforts in creating favorable conditions for foreign investors, particularly its support for Intel to maintain production amid the pandemic time.

Pham who visted Intel's headquarters in California, the U.S. last May praised Intel's investment activities in Viet Nam over the past 15 years.

Intel's assembly and test factory located in Saigon Hi-Tech Park in Ho Chi Minh City became the U.S.'s biggest high tech project in Viet Nam.

Since it came into operation in 2010, the factory has generated hundreds of jobs and consolidated Viet Nam's status in the global semiconductor supply chains.  

Pham asked Intel to build a research center in Viet Nam and assist the Southeast Asian nation in building up startup and innovation ecosystem and high-quality workforce./.