Intel Vietnam factory likely to export three billion products this year
VOV.VN - With the total export value of Intel Vietnam factory reaching 50 billion over the past decade, it is anticipated to export a further three billion products by the end of the year.
This information was unveiled by representatives of Intel Vietnam during a celebration ceremony and dialogue on key milestones on Intel Products Vietnam during the 2010 to 2020 period.
With the opening of the US$1.04 billion investment project in Saigon Hi-Tech Park 15 years ago, Intel has gone on to develop a world-class high-tech manufacturing factory featuring the latest cutting-edge technologies in the nation, thereby opening up a wealth of opportunities for both Intel and Vietnam to prosper moving forward.
Kim Huat Ooi, vice president of Intel Corporation Manufacturing and Operations and General Manager of Intel Products Vietnam, revealed that the Intel factory recorded a gross export value of US$50 billion between 2010 and the end of 2020, with two billion product units being exported as of March, 2020. For this year, it is anticipated to have exported 2.6 billion products by late March.
Ooi added that despite being negatively impacted by the COVID-19 pandemic, the factory’s export value reached over US$13 billion, making up approximately 70% of the Saigon Hi-Tech park’s export value and 30% of the southern city’s total export value.
At present, the Intel factory has invested a total capital of over US$1.5 billion in the country with 2,700 talented employees working at the factory. The majority of its employees have been trained in line with Intel's system and has several people holding key leadership positions in the company both nationally and regionally.
Intel’s recent investment of US$475 million has contributed to elevating the Vietnamese position in terms of manufacturing capacity and has also helped Intel Vietnam apply fresh technologies for the purpose of creating a favourable investment environment for foreign-invested enterprises in the country.
He also expressed his belief that the nation will become an attractive investment destination for FDI businesses which operate within the high-tech sector. Through the support of local authorities and partners, Intel can become both a major investor and a long-term, responsible partner capable of making great contributions to Vietnamese economic growth.
