KBVISION, Intel increased investment in Vietnam

Vietnam is very successful in controlling the COVID-19 epidemic in 2020, despite facing many difficulties, but still achieving the top growth in the world, and large enterprises in the US tend to top invest more here.

On the sidelines of a seminar in early 2021, we had the opportunity to interview Mr. Nathan Korus, Country Manager of KBVISION Group International about his views on the Vietnamese economy in 2021 as well as the direction of CCTV industry.

“2021 will definitely be a successful year for the Vietnamese economy. KBVISION and other US businesses investing in Vietnam are very confident in that. The Government of Vietnam has responded quickly, decisively and effectively.” We forecast that by 2021, Vietnam’s economy will grow by 6.7% despite challenges of the recovery of top export markets such as the US and Europe.

Mr. Nathan Korus, Country Manager (Vietnam) of KBVISION Group International

This year we will also continue to face many difficulties, but the Vietnamese government and business community have shown an excellent ability for 2020 with a staggering growth of 2.91%. . A figure that is beyond the predictions of experts at the World Bank.

The economy is developing well, foreign investment has increased, many industries show signs of recovery, leading to an increase in demand for CCTV. The growth rate is expected to be 25%.

“This year’s trend will be IP. We have already seen the advantages of IP in terms of quality and functionality. With the lower cost, IP will gradually replace analog.” Mr. Nathan Korus emphasized

KB.One, the wifi IP camera line for home use, is also confident that Nathan will grow strongly this year with the advantages of price, functionality and convenience.

Another US company, Intel recently announced its investment of nearly half a billion USD in Intel Products Vietnam (IPV), its largest global electronic chip assembly and testing site within 17 months. by. Intel says IPV will focus the investment on 5G products and core processors.

This is an expansion move to help the company “adopt more complex technologies”, as well as diversify its production into other products, outside of its flagship product, the central processor of the computer (CPU). ).

Intel Products Viet Nam (IPV) factory in Ho Chi Minh City High-Tech Park

Intel has poured $ 1 billion into Vietnam since 2006 and has increased by $ 475 million over the past 17 months.

This is considered a step forward in the middle of the COVID-19 pandemic. While neighboring countries still had to close their economies, Vietnam was able to largely open up its operations. This allows Intel to increase production by 30% in the first half of 2020 from a year earlier.

“By the end of 2020, Intel Products Vietnam has brought over 2 billion products to global users. We are extremely proud of this milestone, which is why we continue to invest in our facilities and teams. According to Mr. Kim Huat Ooi – IPV General Director.

Mr. Nguyen Anh Thi – Head of Management Board of SHTP (Ho Chi Minh City Hi-Tech Park) said: “We highly appreciate Intel Vietnam’s decision to expand investment, especially in the difficult situation of COVID translation. -19, most domestic and foreign-invested enterprises are seriously affected.

The increase in investment by KBVISION and Intel in Vietnam will be an opportunity for Vietnam to grow stronger and more stably in the coming years.