Vietnam's tech sector hails Gates' visit

Seattle PI | at | by Mike

Vietnam's fledgling high-tech industry gets a major vote of confidence with the arrival Friday of Microsoft Chairman Bill Gates, whose visit says much about the country's success in establishing itself as a new player on the technology map.

Vietnam has been anxious to jump-start its high-tech sector, which got a big boost earlier this year when Intel, the world's largest chipmaker, announced plans to build a $300 million chip assembly and testing plant in the country.

"The decision of Intel a plant in Ho Chi Minh City, and now Bill Gates' visit is confirming the recognition of Vietnam's potential for IT development," said Truong Gia Binh, CEO and president of the Corporation for Financing and Promoting Technology, or FPT, the country's leading software and computer maker.