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Coronavirus

Intel and foreign businesses in Vietnam fear harsh COVID measures

Companies in Ho Chi Minh City worry restrictions will discourage investment

Customers bracing for tighter COVID-19 restrictions starting Monday search for food on near-empty shelves at a supermarket in Ho Chi Minh City, Vietnam August 21, 2021.    © Reuters

HANOI -- Leading U.S. chipmaker Intel and other foreign companies operating in Vietnam have expressed concerns that prolonged stringent COVID-19 countermeasures in Ho Chi Minh City could discourage investment, as Hanoi prepares to deploy troops in the southern commercial hub to enforce restrictions.

Representatives of foreign companies met with authorities in Ho Chi Minh City, the country's largest city which has become the epicenter of the nation's worst outbreak. In response to the spiraling case, the central government has announced strict measures in the city that will start Monday and run until at least Sept. 15.

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