Tuesday, 7 November 2006

Intel in Vietnam

The Wall St Journal reports today that Intel has received permission to increase its initial investment in Vietnam to up to $1 billion. The original license, granted in February, was for $605 million - it is using this to build a chip manufacture and testing plant in Ho Chi Minh City, scheduled to open next year.

In 2005, computer and electronic equipment exports from Vietnam rose 34% to $1.44 billion, while imports of computers and electronics rose 26% to $1.7 billion.

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