Not so good morning Vietnam, as government announces, then buries. news of Intel investment
The Vietnam government appears to have jumped the gun by announcing a potential $3.3 billion investment by Intel.
On Tuesday, the government of Vietnam reported 2023 foreign direct investment in the country’s capital, Ho Chi Minh City, had reached $7.4 billion. In the announcement, city official Pham Tuan Anh indicated the $7.4 billion figure was contingent on the success of a multi-billion dollar deal with Chipzilla, plus a more stable socio-economic and inflation situation.
The next morning, written mentions of Intel had disappeared from the site and foreign direct investment totals had been reduced – to between $4.1 and $4.5 billion.posted on the country's Central Economic Commission website.and began production in 2010. It's Intel's largest chip packaging and testing factory and represents an investment of $1.5 billion.
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