Intel Vietnam will create thousands of new high tech jobs and help boost the national export revenue with its newly opened USD1billion factory.
On October 29, Intel Corporation made in official announcement that the opening of a new, USD1billion assembly and test factory in Ho Chi Minh City was now fully operational.
The Intel Vietnam Assembly and Test factory (Intel Vietnam) is the first of its kind in Vietnam and also Intel’s newest and largest assembly and test factory worldwide. It is hoped that it will draw supplier companies to Vietnam and generate hi-tech breakthroughs in the Southeast Asian country.
Since becoming operational in mid-2010, the 46,000 square-metre factory in the Saigon Hi-tech Park (SHTP) has exported the first-ever “made-in-Vietnam” chips used for laptop and mobile devices to Intel’s customers across the world.
At the launching ceremony, Deputy Prime Minister Hoang Trung Hai said, “The inauguration of the assembly and chip test plant is a significant event and that assists our goal in accelerating economic transformation led by technology-intensive industries. Intel is also a committed partner with the Vietnam government in modernising the national education system.”
Paul Otellini, President and CEO of Intel Corporation, said global customers of Intel will use products of Intel Vietnam to make technology which can help improve the world. This new facility will also help double Intel Corporation’s assembly and test capacity.
“This 1-billion dollar factory is a bold demonstration of bringing our technology vision and hands-on commitment to support Vietnam’s information and communications technology strategy to increase global competitiveness,” Otellini highlighted.
Intel's factory in Saigon Hi-tech Park
At the inaugurating ceremony, President of the Ho Chi Minh City People’s Committee, Le Hoang Quan, affirmed that the city will do its best to help hi-tech projects in general and the Intel project in particular to effectively operate, increasing the competitiveness of Intel on the world market.
Speaking with DTiNews, Than Trong Phuc, Former General Director of Intel Vietnam shared, "Although I was an initiator of the assembly and test project, I am personally stunned by the current scale of the factory. This success is thanks to great efforts of Intel staff in Vietnam and support by the local authority and industries.”
Chu Hao, former Deputy Minister of Science and Technology and Former Deputy Head of Hoa Lac Hi-tech Park management board in Hanoi, who gave support to the Intel project, said, “The Vietnamese government has built two hi-tech parks; each has three main targets of hi-tech industries, research and development and human resource training. Despite being set up after Hoa Lac Hi-tech Park, the SHTP has achieved considerable successes in all three of those areas, particularly the hi-tech industrial development category.”
Answering a question about the majority of large-scaled hi-tech projects in Vietnam being invested in by foreign firms, Hao explained that, “Lack of capital and qualified human resources are the biggest barriers for Vietnam’s hi-tech development.”
He noted that Vietnam should prioritise technology-intensive projects, while cutting off export-oriented material manufacturing projects, assembling projects and offshore processing projects.
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