Investing in VN: Intel chose the right place and time

The Financial Times (UK) on November 13 has just stated that Vietnam 's plan to strive to become an economic force has added a boost when the American microchip manufacturer Intel decided. invest US $ 1 billion to build a product assembly and inspection factory in Ho Chi Minh City.

This investment is more than three times the amount of investment of 300 million Intel announced in February, and is currently the largest investment of a US company in Vietnam.

Brian Krzanich - ( Photo: Intel )

This prestigious British newspaper quoted the vice president of Intel's assembly and testing division, Brian Krzanich, " Intel chose the right location and time when deciding to invest in Vietnam. ".

The information was announced when the US House of Representatives prepared to vote through the Regulation on Permanent Normal Trade Relations (PNTR) for Vietnam, and in the context of the World Trade Organization (WTO). Load Vietnam as a member.

These events further confirmed Vietnam's integration into the world economic development trend, after nearly two decades of Vietnam successfully implementing socialist-oriented economic reforms.

The newspaper quoted Sriyan Pietesz, JPMorgan's head of Vietnam research, saying: " Vietnam is entering the center of Asian economies ." With an average annual GDP growth of 8%, Vietnam is currently the second fastest growing economy in Asia, after China and has 82 million people, the second largest in the East - South Asia, after Indonesia.