HCM City Party Secretary Dinh La Thang on Tuesday paid a Tet (Lunar New Year) visit to Intel Products Viet Nam at the Sai Gon Hi-Tech Park in District 9.

Speaking with the company management, he hailed the contributions made by Intel to the city’s economic development.

Its exports account for more than 12.4 per cent of the city’s total exports, he said.

Its labour productivity is around 100 times the average of that of foreign companies at the Sai Gon Hi-Tech Park, he said.

He also praised Intel for its assistance to the Ministry of Education and Training and universities in train high-quality human resources.

Sherry Boger, general director of the company, said Intel is using the newest technologies and manufacturing three fourths of Intel Group’s all major products.

In the past it only produced chips for desk computers but now produces and creates various technology products for tablets, mobile phones, wireless networks and others, she said.

It has 1,332 employees and 39 per cent of them are female, she said.

After 10 years in Viet Nam Intel exported products worth US$4.56 billion last year, up nearly 100 times from the $56 million in its first year.

Thăng said the company should review its first investment phase to begin the second phase soon.

He suggested it should set up a research centre, help develop HCM City into a smart city and set up an innovation fund to train high-quality human resources for itself and the city.

He also asked the firm to help Vietnamese firms participate in its and its parent’s supply chain.

“The city will create all the conditions required for IPV to develop its second phase as well as apply new technologies in production.”  

VNS