Vietnam's ability to train a skilled workforce will be a crucial anchor for keeping foreign companies investing in Vietnam.

The country has gradually developed into a semiconductor manufacturing hub for the growth of the chip manufacturing sector.

The collaboration is part of a continued effort from Vingroup to work with global top-tier suppliers who can aid with manufacturing development, smart services, and electric vehicle initiatives.

The Vietnamese Prime Minister suggests Intel continue to expand investment and production in Vietnam, in the direction of high technology and clean technology application.

The norther province of Thai Nguyen could meet the firm’s requirements in terms of infrastructure.

The success of Samsung and Intel has led to other tech giants, such as Google and LG, shifting their supply chain to Vietnam.

Investment projects by US companies have been instrumental to the development of Vietnam, helping local firms further integrate into global supply chains, said VCCI Chairman Vu Tien Loc.

The Vietnamese government hopes multinationals, including Intel, to support Vietnamese enterprises in joining global value chains.

Thanks to the skilled workforce, the increasingly better production infrastructure and the favorable high-tech investment attraction policy, Intel continues to pour investment capital in Vietnam.