Intel seeks domestic suppliers

“We planned to purchase material from domestic companies with the main aim of optimising production costs,” said the manager of the company’s purchasing department, Nguyen Hoai Huong.

Huong said that one production line was already operational, and three more would be put into operation by the end of this year.

Consequently, the plant’s productivity would increase and demand for materials would rise, she added.

According to Huong, Intel was struggling to find a domestic company that could supply the more complex products the company needed for production.

Huong added that although Intel had 55 domestic suppliers, most were joint-ventures or foreign direct investment companies, and her company was eager to find genuine domestic alternatives.

Intel Products Viet Nam opened at the end of last year with a total investment capital of US$1billion.