PM Nguyễn Tấn Dũng attends ceremony to raise Intel Product Vietnam investment to US$1b
13:56 | 11/11/2006
VNGOVNet – In the afternoon of November 10, at the office of the HCM City People’s Committee, Prime Minister Nguyễn Tấn Dũng attended the ceremony to award the amended investment license to Intel Product Vietnam and to scale up its investment to US$1 billion. Intel Product Vietnam is a Vietnam arm of Intel, the world's largest chip maker. Present to the ceremony were Vice President Trương Mỹ Hoa; Deputy Chairman of the Government Office Nguyễn Xuân Phúc; top officials of the HCMC Party Committee and People’s Committee; Mr. Marine, the US Ambassador to Vietnam, Mr. Brian Krzanich, Vice President of Intel Corp.; and many domestic and foreign reporters.

At the ceremony, Mr. Brian Krzanich, Intel Vice President and General Manager for Product Assembly and Testing, declared the expansion of Intel Product Vietnam's factory (Mega Project) in HCMC’s Saigon High-tech Park at a cost of US$1 billion. The plant's area will increase to over 300,000 m2 with the floor area  being 46,000 m2. This seventh and also the largest facility of  Intel global system of semi-conductor chip assembly and testing is expected to come into operation in 2009, generating more than 4,000 jobs. The products will be provided throughout the world. Mr.  Brian Krzanich also congratulated the Vietnamese Government and people on the country’s accession to WTO.

 

In his speech, PM Nguyễn Tấn Dũng warmly welcomed the Intel Corp. to invest in Vietnam. He said the launching of the Mega Project and the Corp's increased investment capital will encourage the foreign business community to put stakes in Vietnam, contributing to the country’s economic development, especially in IT and communication areas. The PM was convinced that the project will fare well given the fact that Vietnam is engaging itself deeper in international integration, enjoying social and political stability and boasting a rich pool of young and quality workforce. PM Nguyễn Tấn Dũng hailed foreign investors choosing Vietnam as their destination. He also urged Vietnamese partners, authorities and enterprises to afford active support to and cooperation with foreign companies. In the process of integration, Vietnamese enterprises should make use of their partnership with foreign partners to learn from them. He said the Government always encourages and creates good conditions for intellectuals, scientists, and experts, both Vietnamese and foreign, to work with each other and apply scientific and technological advances to the process of industrialization and modernization in Vietnam.

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