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Vietnam is quick changing into a key manufacturing hub for main US tech corporations.
US massive techs in Silicon Valley comparable to Intel, Apple, and Google have expressed their plans to additional increase operations in Vietnam.
Prime Minister Pham Minh Chinh at Intel’s headquarter. Supply: VGP
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The view was shared throughout Prime Minister Pham Minh Chinh’s go to to those firms’ headquarters on Could 17.
Intel’s Company Vice President and Common Supervisor of Manufacturing and Operations Keyvan Esfarjani in a gathering with Chinh careworn the very important position of Vietnam in its provide chains.
In January 2021, Intel introduced an extra funding of $475 million in Intel Merchandise Vietnam (IPV), the biggest meeting and check manufacturing facility within the Intel meeting and check community.
Based on Esfarjani, the agency has up to now fulfilled the primary section of its funding commitments.
Esfarjani famous Intel Vietnam final yr gained the best prize when it comes to high quality throughout the group, which showcases the standard of the workforce and the significance of Intel Vietnam.
Given the nation’s high-quality infrastructure community and human assets, Esfarjani stated Vietnam stays a possible funding vacation spot for tech corporations all over the world.
Within the coming time, international demand for semiconductors is ready to rise together with developments in new applied sciences and massive information.
Intel expects to diversify its provide chains by investing in several nations amid rising international uncertainties, he added.
Prime Minister Chinh congratulated Intel’s constructive enterprise efficiency in Vietnam and the world and thanked the corporate for its energetic contribution to the economic system, exports, job creation, and growth of native provide chains.
Chinh known as for Intel to additional increase funding in Vietnam’s localities past Ho Chi Minh Metropolis.
“On the muse of stable Vietnam-US relations, Intel’s funding in Vietnam is a great selection,” Chinh added.
PM Chinh at Intel’s headquarter.
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In a gathering with Apple CEO Tim Cook dinner, Chinh stated Vietnam considers commerce, funding, and finance amongst key pillars to push for Vietnam-US complete partnership.
“The Authorities is dedicated to creating a good, clear enterprise atmosphere primarily based on market rules, making certain utmost favorable circumstances for US firms and buyers doing enterprise in Vietnam,” Chinh stated.
Chinh added Apple’s merchandise have now turn out to be well-liked on the earth, together with in Vietnam.
“The inevitable rise of the digital economic system globally means extra alternatives for Apple,” he stated.
Chinh expressed his delight as Vietnam has additional built-in into the worldwide provide chains, together with the meeting of a number of Apple merchandise, calling for the agency to additional increase its presence in Vietnam and shortly flip the nation to be one in all its key markets in Asia.
Tim Cook dinner thanked the Vietnamese Authorities for supporting Apple’s operation within the nation.
He famous the corporate needs to increase its provide chains in Vietnam and combine native corporations into the manufacturing chains.
Tim recommended Apple would think about elevating the variety of Vietnamese distributors and a better fee of Vietnamese parts in its merchandise.
On this course of, Tim anticipated extra incentives from the Authorities to advertise US companies, particularly hi-tech firms, to come back to Vietnam.
At current, key suppliers of Apple, together with Pegatron, Foxconn, and Wistron, are working 31 manufacturing vegetation in 14 provinces/cities in Vietnam with over 160,000 workers, specializing in producing digital parts for Apple.
PM Chinh at Google.
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In the meantime, Google has been helping the Vietnamese Authorities in well timed offering info to the general public throughout the pandemic, in addition to within the preparation course of for financial restoration post-Covid-19.
A consultant of Google stated it expects to proceed contributing to Vietnam’s financial growth and sustainable digital ecosystem.
On the assembly, Chinh highlighted the partnership between Google and Vietnam over time, in addition to new tasks within the nation.
PM Chinh and Vietnam’s high-ranking delegation at Google.
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“That is significantly important as Vietnam accelerates complete digital transformation, seen as a brand new driving power for the nation’s industrialization and modernization,” Chinh stated.
The prime minister recommended Google help Vietnam within the digitalization means of native companies, together with the event of digital authorities, economic system, and society.
Hanoi Instances
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