Vietnam is the top destination for Taiwanese (Chinese) businesses.
The trend of investment from Taiwan (China) into Vietnam is increasing, most large electronic corporations such as Foxconn, Wistron, Qisda, Pegatron, Compal, Quanta… have invested in Vietnam.
New wave of investment from Taiwan (China)
On the afternoon of April 8, DVL IPT Investment and Trade Promotion Joint Stock Company coordinated with the World Taiwan Trade Council (WTCC) to organize the Vietnam-Taiwan Business Forum and the Investment Promotion International Exhibition. Vietnam-Taiwan investment and trade 2024.
This is an activity on the sidelines of the second Interdisciplinary Council and Supervisory Conference, session 30 of the World Taiwan Trade Association, taking place on April 8 and 9 at the National Convention Center (Hanoi).
Speaking at the Forum, Deputy Minister of Planning and Investment Tran Duy Dong emphasized that the World Taiwan Trade Association has chosen Hanoi as the venue for events of global Taiwanese (Chinese) businesses. Expressing special interest in Vietnam and the desire to promote economic cooperation and investment of Taiwanese (Chinese) businesses and investors.
The conference, with the participation of Taiwanese (Chinese) business delegates from around the world, will certainly create a boost for the new wave of Taiwanese (Chinese) investment in Vietnam. next time.
Informing investors attending the Forum, Deputy Minister Tran Duy Dong said that Vietnam is currently focusing on attracting foreign investment selectively, aiming at quality, efficiency, technology and environmental protection. school; Vietnam also focuses on developing high-quality human resources associated with science and technology, innovation, especially in the fields of high technology, AI and semiconductor industry .
Taiwan (China) is a large economy with a high level of technology with most large businesses investing in Vietnam. Therefore, to promote investment cooperation from Taiwan (China) in the coming time, Vietnam calls on Taiwanese (Chinese) businesses to invest in the fields of science and technology, semiconductor electronics, and innovation. innovation , which prioritizes the enterprise ecosystem of the semiconductor industry. This is also an area in which Taiwanese (Chinese) businesses have strengths.
Besides, Vietnam also wants Taiwanese (Chinese) businesses to increase technology transfer, increase high labor investment, create conditions for Vietnamese businesses to access technology, and improve production capacity. export; We recommend that Taiwanese (Chinese) businesses associate with qualified Vietnamese businesses to link global supply chains and pay attention to workers’ lives in addition to complying with legal regulations.
Cooperation opportunities in the semiconductor industry
Also at the Forum, Chairman of the Taiwan Working Committee (China), Chairman of the Vietnam Confederation of Commerce and Industry (VCCI) Pham Tan Cong commented that Taiwan (China) is one of the investors. important in Vietnam.
In 2023, global FDI capital flows tend to decrease, but Taiwanese (Chinese) FDI capital into Vietnam doubles, reaching more than 2 billion USD. This shows that the trend of investment from Taiwan (China) into Vietnam is increasing, Taiwanese (Chinese) investors are present in most provinces and cities of Vietnam.
Chairman of the Taiwan Working Committee (China) Pham Tan Cong also pointed out encouraging signs in the cooperation between the two sides: currently, the majority of large electronic corporations in Taiwan (China) such as Foxconn, Wistron, Qisda, Pegatron, Compal, Quanta… have all invested in Vietnam.
In addition, Taiwanese (China) investment over the past 30 years has had a qualitative change, shifting from labor-intensive industries such as textiles, garments, leather shoes, and wooden furniture to other industries. high-tech electronics. Taiwan (China) has the world’s leading semiconductor industry while Vietnam also aims to develop the semiconductor industry and participate in the regional and global technology supply chain. Therefore, the opportunity for cooperation between the two sides in this field is extremely huge.
Lawyer Nguyen Hong Chung, Head of the Organizing Committee emphasized: The Vietnam-Taiwan Business Forum and the 2024 Vietnam-Taiwan Investment and Trade Promotion International Exhibition are held at a time when Vietnam celebrates its anniversary. 35 years of foreign investment.
The event aims to connect Taiwanese (Chinese) businesses to explore opportunities, invest and do business in Vietnam, help Vietnamese localities promote and introduce their potential strengths to businesses and investors. from Taiwan (China).
Especially through the Investment and Trade Promotion Exhibition, Vietnamese businesses and nearly 1,500 Delegates from 176 Member Associations in 72 countries around the world attending the event have the opportunity to meet and learn about each other. Understand market information, connect supply and demand of goods, and promote investment.
In the current international economic and geopolitical context, Taiwanese (Chinese) businesses are very interested and continue the trend of expanding investment and business cooperation with Vietnam.
In 2023, investment capital from Taiwan (China) into Vietnam will reach 2.2 billion USD, an increase of 4 times compared to 2022. Accumulated to date, Taiwan (China) currently ranks 4th/145 countries. Countries and territories investing in Vietnam with nearly 3,200 projects and total registered capital of more than 39.5 billion USD and is Vietnam’s 5th largest trading partner.
