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Intel will expand investment in Vietnam

On the afternoon of May 27, Prime Minister Pham Minh Chinh received Mr. Patrick Gelsinger, CEO of Intel Corporation at the Government headquarters.

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Receiving Mr. Patrick Gelsinger, CEO of Intel Corporation, Prime Minister Pham Minh Chinh highly appreciated Intel Corporation’s growing strength and interest and investment in Vietnam over the past 15 years. (Photo: VGP/Nhat Bac)

At the meeting, Prime Minister Pham Minh Chinh highly appreciated Intel Corporation, which is growing strongly and has interested and invested in Vietnam for more than 15 years, bringing Intel’s assembly and inspection company (Intel Products). Vietnam – IPV) in Khu Technology Ho Chi Minh City has been in operation since 2010.

This is the largest high-tech investment project of the US in Vietnam, which has contributed to the economy of the city in particular and Vietnam in general, directly and indirectly creating jobs for thousands of people. while consolidating Vietnam’s position in the global semiconductor supply chain.

The Prime Minister said that, with internal efforts and the support of friends and international partners, including the United States, Vietnam has controlled the epidemic, confidently reopened, recovered and developed. Socioeconomic. In the context of the volatile world situation, Vietnam still maintains growth, maintains macroeconomic stability, ensures large and positive balances, actively integrates deeply into the international community, and substantially integrates into the world. , efficiency, attracting foreign investment continued to prosper.

According to the latest announcement, S&P has upgraded Vietnam’s long-term credit rating to BB+ with a “stable” outlook. since the beginning of the year until now.

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Prime Minister Pham Minh Chinh presents a souvenir to Mr. Patrick Gelsinger. (Photo: VGP/Nhat Bac)

Sharing information on Vietnam’s socio-economic development and recovery program and Vietnam-US relations with areas of common interest in supply chain diversification, technology transformation, transformation digitalisation, climate change adaptation, etc., the Prime Minister suggested that Intel continue to increase investment in Vietnam in a new, more efficient and substantive period, in line with the Government’s policy in attracting investment. investment in high technology, clean technology, contributing to the process of digital transformation, digitizing the economy, responding to climate change, training high-quality human resources of Vietnam.

In particular, the Prime Minister suggested that Intel build a research center for long-term development in Vietnam, support Vietnam in developing a digital ecosystem, startup ecosystem, innovation, and investment ecosystem. …. Vietnam has great potential with a young, dynamic population and the ability to develop information technology and cooperation and investment in Vietnam will help diversify Intel’s supply chain. The Prime Minister assigned relevant ministries, branches and localities to support and create all favorable conditions for Intel, quickly implementing procedures in accordance with the law.

The Prime Minister also thanked Intel Corporation for welcoming a Vietnamese delegation to visit its headquarters in California on May 17.

Mr. Patrick Gelsinger assessed Vietnam as an attractive destination for investors with a dynamic economy. market full of potential, industrious and creative people, the Government always creates favorable conditions for foreign investors. In the recent very difficult context around the world, the Vietnamese Government has done a great job, helping Intel Vietnam to continue production and maintain the supply chain during the pandemic.

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(Photo: VGP/Nhat Bac)

Emphasizing the importance of digital transformation and semiconductor technology, as well as diversifying the supply chain in the context of the pandemic still evolving very complicatedly in many places, the Intel Director affirmed that on the basis of the success achieved If possible, the Group will continue to further expand business and investment activities in Vietnam in the new period in the direction of high technology, environmentally friendly, strengthen close cooperation with Vietnamese enterprises, achieve achieve even greater successes, benefiting both sides, especially contributing to the digital transformation process and building an investment ecosystem in Vietnam.

Emphasizing that Vietnam has great opportunities in the coming decade to participate more deeply in regional and global supply chains and digital ecosystems, Mr. Gelsinger thanked and wished that the Government would continue to take policies to create favorable conditions for Intel and high-tech enterprises to do business effectively.

During his recent business trip to the United States, Prime Minister Pham Minh Chinh visited and worked with many large technology corporations such as Intel, Google, Apple, Microsoft… to promote investment in Vietnam, especially in the field of technology. high-tech sector, digital transformation…

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