HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam
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Footwear sector further penetrates global supply chain
Hanoi (VNA) - Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19. Vietnamese companies have proved their capacity in research and development (R&D) and design, according to Chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO) Nguyen Duc Thuan. Signs show that Vietnam is further penetrating into the leather-footwear supply chain, he said, as the design and R&D processes rake in high added value for products. The domestic supply of materials for the sector now represents 60 percent. Local businesses can take the initiative in producing soles and moulds, as well as packaging and labelling. This is attributable to their activeness in manufacturing materials locally, Thuan added. In particular, the Gia Dinh Footwear JSC has set up industrial clusters to attract investment in … [Read more...] about Footwear sector further penetrates global supply chain
Work begins on communal house for Vietnamese-Cambodians in Kampot
On the same day, the Vietnamese General Consulate in Preah Sihanouk presented 50 gift sets of 15 kg of rice each to disadvantaged families in Kampot, to help them enjoy the upcoming Lunar New Year (Tet) holiday. Hundreds of Vietnamese-Cambodians have joined Vietnamese-Khmer language classes arranged by Kampot authorities since 2008./. … [Read more...] about Work begins on communal house for Vietnamese-Cambodians in Kampot
Traditional tea losing flavor for young Vietnamese
Teashop owner Vu Thien Tan in Hanoi began her first short-term teamaking course two years ago and has so far taught over 400 students, most of them born in the 1990s. By setting up a Facebook page, she has been able to reach a niche group of youths who are willing to put down their smartphones for some cultural experiences. … [Read more...] about Traditional tea losing flavor for young Vietnamese
21 provinces to reward women with two kids before 35
The fertility rates in many southern cities and provinces have significantly dropped in recent years. The average fertility rate of the localities mentioned above is just 1.5-1.6 children per woman of reproductive age. Particularly, HCMC’s fertility rate in 2019 and 2016 was just 1.39 and 1.24 children per woman, respectively, the lowest in the country. … [Read more...] about 21 provinces to reward women with two kids before 35