Posted on 11/10/2006 5:30:07 AM PST by kellynla
HO CHI MINH CITY (Reuters) -- Communist-run Vietnam handed Intel Corp., the world's largest chipmaker, a license to treble its investment there to $1 billion, a week before President Bush is due to visit.
In February the California-based firm announced it would put $300 million in Vietnam to assemble and test microchips that power computers and mobile phones, the biggest investment in the country by a U.S. company.
The World Trade Organization formally invited Vietnam to become the 150th member. CNN's Anjali Rao reports (November 7)
Next week, Vietnam's thriving economy will be on show when Hanoi hosts the Asia-Pacific Economic Cooperation (APEC) leaders' week and hundreds of company executives.
Pham Chanh Truc, chairman of the Saigon High-Tech Park management board, handed the license to Rick Howarth, general manager of Intel Products Vietnam, on Friday at a ceremony in Ho Chi Minh City, Vietnam's commercial center.
Earlier this week, the World Trade Organization (WTO) formally approved Vietnam's membership, making Vietnam its 150th member.
(Excerpt) Read more at money.cnn.com ...
Just a little something to show Intel's appreciation for the sacrifices of all America's Viet Nam veterans including the hundreds of POW's & MIA's on Veteran's Day tomorrow.
All paid some, some paid all.
Semper Fi,
Kelly
After the disaster of this week is this supposed to be good news? Well let's all stand up and cheer Intel's bringing jobs to Vietnam !!!
John Kerry managed to get his cousin into Vietnam with his business.
This was right after Kerry he betrayed his country and fellow soldiers. Look for Democrat Senators Kerry and Harkin to attend the Daniel Ortega celebration and have another photo op.
i don't know about that. Defeating communism with captalism have always been the goal, seem like we're winning
Although I appreciate your sentiments, Communism is collapsing in Vietnam. The only people who believe in it are the ignorant hicks who sit on the Politburo in Hanoi.
There are innumerable benefits to making Hanoi live up to the legal standards of the West, which is what is now in process.
Oh, put a way the hatchet. Vietnam is not our enemy. Vietnemese people love America. The communist monster has been mostly neutered. We are now fighting the Islamofascists.
They WILL sell us the rope to hang them.....who said dat?
Communism can't survive when the Vietnamese people see that with capitalism they can buy electric rice cookers. The best way to wage war is to defeat the enemy without fighting. Marx never could compete with the Sears catalog.
And if anyone wants to lay blame for the Vietnam War they need look no further than Truman, Eisenhower, Cronkite, Kennedy, LBJ and last but not least that freakjob MacNamara.
"We are now fighting the Islamofascists."
Believe it or not, so is Vietnam...in a small way.
To make a very long story short, in 2003 the immigration police at Chau Doc caught a number of Arabs trying to illegally cross the border from Cambodia into Vietnam.
This was just about the same time that Hambali was being pursued in Thailand (he was actually hunkered down in Phnom Penh for a few months), and the Cambodian government was deporting Arab teachers from a madrassa which was finally closed.
In September 2003 - just after he was caught - the Bangkok Post reported that Hambali had planned to bomb Koh San Road, Nana Plaza and Patpong, and some other places in Thailand *as well as targets in Phnom Penh and Vietnam*, presumably the embassies there.
The aforementioned arrests at Chau Doc were never reported anywhere, the whole thing "disappeared", but my suspicion is that these guys might have been affiliated with Hambali. In any case I heard the story from someone with relatives in the Chau Doc police, so it's fairly credible.
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Pictures of a vietnamese Re-Education Camp
http://www.Freerepublic.com/focus/f-news/1308949/posts
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Interesting. Thanks for posting. (ping)
Ross Perot?
"when the Vietnamese people see that with capitalism they can buy electric rice cookers"
There is now a Mercedes/BMW dealership in downtown Saigon.
"Chau Comrade Nguyen. What kind of mileage do you get in that Z4?"
Where did you serve during the Viet Nam war? Berkley? LMAO
Yes, look at how the hardline commies in Vietnam must feel at the prospect of foreign companies having property rights.
What specific actions would make it acceptable in your mind to trade with Vietnam and to do business there? After all, we do trade with Japan and Germany.
No, as I am quite sure you mean, this is NOT special! This is frightful. Time to sell any shares of (INTC) owned!!
Nancee
Have you ever even been to Vietnam? I seriously doubt it, because you are very ignorant what is going on there. Vietnam was a cold war action. We were fighting the spread of communism. We won the cold war, in case you haven't heard. Get over it. And shove you insults where the sun don't shine.
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