New electronic chip factory in Vietnam

The Saigon Industry Corporation (CNS) released plans to build an integrated circuit factory in Vietnam, at a seminar titled “Electronic Chip Production in Vietnam” held in Ho Chi Minh City on June 30.

CNS gave an overall picture of the semi-conductor industry in the world and Vietnam in particular at the seminar. It also showed the necessity of building an electronic chip factory in Vietnam to meet with today’s industrialization and modernization. The factory will be built at an estimated cost of US$190 million.

CNS also called on the government to adopt preferential policies regarding tax and investment capital.

Nguyen Van Dua, Permanent Deputy Secretary of the HCM City Party Committee, underlined the significance of the project, which would contribute greatly to the country’s industrial development.

The seminar, hosted by CNS, drew some 60 domestic and foreign professors, experts and businesses.

CNS, which started operations in 2006, is a diversified group with key products including Craven A cigarettes, mechanical products, computers and chemicals.

By N.Nguyen – Translated by T.Huong

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