In January, Intel Corporation announced a further $475 million in Intel Products Vietnam (IPV). This new investment comes in addition to Intel’s $1 billion investment to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP), that was first announced in 2006. This takes Intel’s total investment in its Vietnam facility to $1.5 billion.
Kim Dental, Vietnam’s largest private dental care platform, has recently raised $24 million in a series B round. The investment was led by ABC World Asia, a private equity fund dedicated to investing across Asia, seeded by Temasek. Proceeds from the round, which saw the participation from existing backer Aura Private Equity, will support Kim Dental in expanding the delivery of affordable and reliable oral health services across Vietnam.
About 65 per cent of the UK’s import taxes were erased as soon as the agreement took effect from December 31, and the rest will be eliminated in the course of the next 10 years. Meanwhile, 81 per cent of Vietnam’s import taxes on UK goods will be cut and the remainder will be steadily removed in the next seven years.
According to Ho Chi Minh City People’s Committee, more foreign businesses are developing projects at Saigon Hi-tech Park (SHTP) in District 9 to become suppliers for Samsung Electronics’ CE Complex (SEHC) in the city.
With new stricter and stronger measures to control COVID-19, Vietnam is ensuring safety for industrial zones as a way to prevent possible disruption in the local production and supply chains.
The process of finding a suitable location for business establishment, different legal procedures in each country and the time it takes to build a factory may have a significant impact on the operation of an enterprise.
