Vietnam has approved the issue of a licence to Intel Corp., the world’s largest microchip maker, to build a $ 605 million plant to produce chips and computer parts in a deal that officials hope could help draw more investors. The licence would be handed over formally at a ceremony in Ho Chi Minh City on Feb. 28. Intel unit in Hong Kong would run the $ 605-million project, which will make Intel Vietnam’s first major foreign investor in the high technology field. The plant is expected to be built at Saigon Hi-Tech Park in Ho Chi Minh City, Vietnam’s commercial centre, and output would be for export.

Vietnam has approved the issue of a licence to Intel Corp., the world’s largest microchip maker, to build a $ 605 million plant to produce chips and computer parts in a deal that officials hope could help draw more investors. The licence would be handed over formally at a ceremony in Ho Chi Minh City on Feb. 28. Intel unit in Hong Kong would run the $ 605-million project, which will make Intel Vietnam’s first major foreign investor in the high technology field. The plant is expected to be built at Saigon Hi-Tech Park in Ho Chi Minh City, Vietnam’s commercial centre, and output would be for export.