A
$200-million electronic-chip production plant should be classified as a key
national project, the HCM City People's Committee has decided.
The proposal for national status was submitted
by Sai Gon Industry Corporation (CNS), which was assigned to design a plan as
well as work on the facility.
Le Manh Ha, the vice chairman of the HCM City
People's Committee, endorsed the proposal on February 21.
As a key national project, the plant will
receive favourable investment conditions.
Ha asked the corporation to identify the major
consumption markets and to conduct research on appropriate application
technology and human resources for the project.
CNS is one of the city's most powerful
corporations operating in key industrial fields such as mechanical engineering,
electronics, information technology, chemicals and commercial services. The
chip production plant, the first to be built in Vietnam, is expected to be
located in HCM City's Hi-Tech Park.
The project's strategic goal is to pave the
way for the development of an electronic chip design while meeting the domestic
demand of the products, according to Dang Ngoc Hung, CNS deputy general
director.
Vietnam's demand for imported chips has
increased significantly over the past decade, according to a survey by market
research firm In-Stat.
VIR/VNA
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