Vietnam Backtracks After Touting $3.3 Billion Intel Investment
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Vietnam’s commercial hub Ho Chi Minh City announced an effort to court a $3.3 billion investment from Intel Corp., only to amend much of its original statement to remove mentions of the US chipmaker.
The government on late Tuesday posted a notice about how it was courting that mega-investment from Intel, which could boost the city’s 2023 foreign direct investment to $7.4 billion. Late Wednesday morning, it revised that statement to strike Intel’s name and reduced that projected total to as much as $4.5 billion.