Foreign investment pours into hi-tech
Ha Noi (VNA) - Foreign investors have been pumping more money into Viet Nam's hi-tech sector.V-Caps, which comprises a group of US Silicon Valley investors, decided to invest 200 million USD into a new chip packaging plant in Ha Noi's Hoa Lac High-tech Park.
According to Stanford Garret, one of V-Caps seed investors, the investment decision was not a result of the country's low-cost labour force, but rather than the knowledge and creativity of the work force that gave them an edge over the competition.
In mid-July, US investor Global Equipment Services (GES) announced it will pour 36 million USD into the construction of a high-tech centre in Ho Chi Minh City's High-tech Park. The centre is expected to become operational by September, 2008 and will employ about 500 local engineers.
Malaysia's Ge-Shen Corp Bhd, which already operates in Viet Nam, plans to invest an additional 4.3 million USD to expand its business in the country over the next two years.
Meanwhile, Taiwan's Chunghwa Telecom is planning to cooperate with the military-owned telecom supplier Viettel to provide information technology and communication services.
Another group, Titanium International, will collaborate with the Viet Nam Institute of Training and Application Technology to apply face recognition technology for major educational institutions.
According to experts, it is the country's open commitments to WTO integration in the high-tech sector and its fast growing economic development that has made the country a destination for foreign investors.-Enditem
được đăng bởi kude.punny @ 09:09
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