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Intel continues to scale up its investment in Vietnam

The Vietnamese Prime Minister suggests Intel continue to expand investment and production in Vietnam, in the direction of high technology and clean technology application.

Intel will continue to scale up its investment in Vietnam, Patrick Gelsinger, CEO of Intel Corporation said at a reception hosted by Prime Minister Pham Minh Chinh on May 27.

 Patrick Gelsinger, CEO of Intel Corporation (L) and Prime Minister Pham Minh Chinh. Photo: quandoinhandan.vn

The CEO assessed Vietnam as an attractive destination for investors thanks to a dynamic economy, potential market and many cooperation opportunities in areas that Intel has strengths such as manufacturing, research and development.

Gelsinger thanked the Vietnamese Government for supporting the company to develop in Vietnam in the past time and hoped Intel and other high-tech enterprises would receive more supports to do business effectively in Vietnam. The US firm has been investing in Vietnam for 15 years.

For his part, Prime Minister Pham Minh thanked Intel for trusting Vietnam's investment environment and deciding to expand business in Vietnam, participating in the process of building the digital economy and society in Vietnam, in line with Vietnam's development priorities and the relationship between Vietnam and the US.

The Prime Minister suggested that Intel continue to invest in Vietnam, not only for expanding production but for in-depth investment, in line with the policy of the Vietnamese Government of  attracting investment in high technology and clean technology, thereby, contributing to the development of digital economic infrastructure with high-quality human resources.

The Prime Minister asked the US firm to support Vietnam in developing an ecosystem of innovation, start-ups, and increase labor productivity, build a basic research center for long-term business in Vietnam; helping Vietnam diversify its supply chains. 

The Vietnamese government stands ready to support companies, including foreign-invested enterprises like Intel, to conduct business effectively in Vietnam, he underlined.