Intel increased investment capital into Vietnam to 1 billion USD

The investment license will be handed over to Intel Products Vietnam Co., Ltd. on November 10 by the HCM City People's Committee. This is the first adjustment of the license, since this enterprise received "operation" certificate earlier this year.

Under the new Investment Law, this Intel license is issued by the HCM City Hi-tech Park Management Board, not the Ministry of Planning and Investment's responsibility.

Deputy Minister of Vietnam Ministry of Planning and Investment Nguyen Bich Dat granted the project investment license in Vietnam to Intel Corporation.( Photo: Dang Vy )

Initial information shows that, in addition to increasing investment capital, all other activities of this giant technology equipment manufacturing corporation in Vietnam remain unchanged.

Intel Products Vietnam Co., Ltd. was licensed for the first time by the Ministry of Planning and Investment on February 21 under license 2552 / GP, in the form of 100% foreign capital investment. Total initial investment capital is 605 million USD, legal capital is 106 million USD.

The company is allowed to produce complete Intel products during the 50-year investment period in HCM City's Hi-Tech Park. The foreign partners participating in the project are Intel Asia Holding Limited, Hongkong, contributing USD 106 million.

According to the investment license, Intel VN must pay corporate income tax of 10%, be entitled to an exemption of 4 years and a 50% reduction for the next 9 years.

Intel VN is building an Assembly and Test Manufacturing factory in the HCM City Hi-Tech Park. The initial investment for the project is US $ 300 million, which is expected to double.