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Intel to invest $300m in Vietnam

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Filed: K-1 Visa Country: Vietnam
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Intel to invest $300m in Vietnam

Vietnam is South-East Asia's fastest growing PC market

US computer chip firm Intel is to build a $300m (£172m) factory in Vietnam.

It will be based in the Saigon Hi-Tech Park outside Ho Chi Minh City and will initially employ about 1,200 people.

It is believed to be the biggest investment yet by a US company in Vietnam, and will raise the country's profile as a hi-tech business location.

The plant will package chips into devices and test them before shipping them on. Intel has similar sites in China, Malaysia and the Philippines.

Expansion plans

Intel chairman Craig Barrett said the factory was only the first stage of his company's investment in the country.

The company already has a programme to provide computer training to more than 30,000 Vietnamese teachers and is helping the government set up wireless computer access to rural areas of the country.

The Vietnamese factory is part of a $6bn worldwide expansion programme Intel is rolling out this year.

Vietnam has been one of Asia's fastest growing economies in recent years, and has been trying to diversify its economy by attracting hi-tech investors.

But it has been criticised for its poor infrastructure, too much bureaucracy and widespread corruption.

Vietnam is opening up to world markets

It is currently negotiating to join the World Trade Organization and has taken steps to reform and open up its markets.

"We will do our utmost to create all the most favourable conditions possible so that projects like Intel will be successful," said Deputy Prime Minister Nguyen Tan Dung at an official ceremony to hand over Intel's investment licence.


K1____Timeline

California processing center

Consulate: HCMC

I-129F sent ----------------------------------09/20/2005

NOA 1 (receipt)------------------------------09/27/2005

NOA 2 (approved)----------- ---------------12/12/2005

Package received by NVC------------------12/23/2005

Package left NVC----------------------------12/30/2005

Received by consulate----------------------01/04/2006

Recieved instructions (pkt 3)---------------01/27/2006

Date completed instructions (pkt 3)-------02/28/2006

Date recieved appointment letter (pkt4)--03/23/2006

Interview Date-------------------------------04/24/2006

Recieved visa--------------------------------04/27/2006

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Filed: Country: Vietnam
Timeline

They might save a little bit of money on labor by putting it there.


20-July -03 Meet Nicole

17-May -04 Divorce Final. I-129F submitted to USCIS

02-July -04 NOA1

30-Aug -04 NOA2 (Approved)

13-Sept-04 NVC to HCMC

08-Oc t -04 Pack 3 received and sent

15-Dec -04 Pack 4 received.

24-Jan-05 Interview----------------Passed

28-Feb-05 Visa Issued

06-Mar-05 ----Nicole is here!!EVERYBODY DANCE!

10-Mar-05 --US Marriage

01-Nov-05 -AOS complete

14-Nov-07 -10 year green card approved

12-Mar-09 Citizenship Oath Montebello, CA

May '04- Mar '09! The 5 year journey is complete!

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