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Nike and Intel Widen Their Businesses in Vietnam

In the meeting between Mr Nguyen Quoc Cuong, Vietnamese Ambassador and two Directors of Nike and Intel Corporation in America, both corporations reconfirm that if their business situations in Vietnam are stable and well developed, they are planning to expand the market in the near future.

They said that they had received a lot of support and assistance from both local authority and government agency. Also, they were extremely appreciated reasonable efforts of Vietnamese government after recent disturbances caused during demonstrations by workers and local people against China’s illegal act of placing its oil rig in Vietnam sea areas. Thanks to government support, FDI enterprises could easily overcome difficulties and recover their operation in short time. Nike hopes that when TPP Agreement has been adopted,  it will create more good opportunities for them to broaden their business in Vietnam. At the present, Nike already set up one of their two factories manufacturing shoe based in Vietnam. In addition, all Nike shoes designed for football players using in World Cup 2014 would be made in Vietnam.

(Source: vov.vn)

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