Intel's manufacturing presence puts Viet Nam on hi-tech map
Intel has invested US$1.5 billion into Viet Nam so far, including the last announced investment of US$475 million in January 2021, Vice President of Intel Viet Nam Kim Huat Ooi told VGP in a recent interview.Intel has invested US$1.5 billion into Viet Nam so far, including the last announced investment of US$475 million in January 2021, Vice President of Intel Viet Nam Kim Huat Ooi told VGP in a recent interview.
Kim stressed: "Viet Nam continues to be an important part of Intel's global manufacturing operations and the tech giant is pleased to have supported the development of Viet Nam's broader technology industry ecosystem and workforce over nearly two decades of operations there, and we look forward to continuing to do so".
Currently, the Viet Nam factory is producing the latest generation of client products, Raptor Lake processors and the upcoming Meteor Lake processors, accounting for over 50% of the assembly and testing output, according to the Vice President.
IPV is not about one-off investments but been doing to make Viet Nam competitive as a regional player to bring a more complete eco system to the Southeast Asian country, said Kim.
Vice President Kim also said Intel has helped Viet Nam to create an ecosystem that is vibrant and resilient and to do that Intel is working hand and glove on up skilling the workforce, enhancing the education system, ensuring the Government has the knowledge about best in class sustainability practices and helping the Government focus on bringing the best in class in terms of using blockchain and technology to enhance the flow of goods with a project with Viet Nam General Department of Customs.
Regarding Viet Nam's business environment, Vice President Kim shared that Viet Nam's stable socio-political environment, the availability of a young and talented workforce, as well as excellent location essentially in the center of Asia have made it easier for Intel to continue investing in the country.
"All of these aspects help drive Viet Nam's overall business and technology production potential. Intel's manufacturing presence here has clearly put Viet Nam on the hi-tech map and shown that the country has all the necessary infrastructure and policies in place to support advanced manufacturing operations", said Kim./.