Vietnam is facing a loss of multi-billion-dollar investments from major companies like Intel Corp and LG Chem Ltd due to a lack of investment incentives, according to a document from Vietnam’s Ministry of Planning and Investment. Intel had planned to invest $3.3 billion in Vietnam but requested cash support, which the country did not offer, … Read more
According to a document from Vietnam’s investment ministry reviewed by Reuters, the country has lost out on investments totaling billions of dollars from companies like Intel and LG Chem due to insufficient investment incentives. Intel, for example, had proposed a $3.3 billion investment project in Vietnam but asked for 15% cash support, leading them to … Read more
Vietnam is experiencing a loss of billions of dollars in investments from major multinationals like Intel and LG Chem due to a lack of sufficient investment incentives, according to a document from the country’s investment ministry. Intel had proposed a $3.3 billion investment in Vietnam and requested 15% “cash support,” but ultimately decided to move … Read more
Vietnam has lost out on potential investments from technology giant Intel and South Korean chemical company LG Chem due to a lack of attractive incentives, according to a Ministry document. The document states that both companies had expressed interest in investing in Vietnam to produce electronics and batteries, respectively. However, they ultimately decided against it … Read more