Ministry document reveals Vietnam’s failure to secure Intel and LG Chem investments due to incentive shortages

Ministry document reveals Vietnam’s failure to secure Intel and LG Chem investments due to incentive shortages

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