Hung Yen prioritises Taiwanese semiconductor enterprises to invest in IP No. 5

May 24, 2024 | 15:27

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A business delegation from the Taiwan Electrical and Electronic Manufacturers' Association (China) on May 22 came to the northern province of Hung Yen to seek investment opportunities.

Hung Yen prioritises Taiwanese semiconductor enterprises to invest in IP No. 5

The meeting between Hung Yen provincial People's Committee and the business delegation from Taiwan (China). (Photo: baohungyen.vn)

Hung Yen - A business delegation from the Taiwan Electrical and Electronic Manufacturers' Association (China) on May 22 came to the northern province of Hung Yen to seek investment opportunities.

At the meeting, Chairman of the Hung Yen Provincial People's Committee Tran Quoc Van reviewed the socio-economic situation, transport infrastructure, education and training and the implementation of industrial parks in the province.

Van also introduced potential ways to attract investment to Industrial Park No. 5.

“Currently, Industrial Park No. 5 is completing its infrastructure very quickly, so it is able to meet businesses wishing to invest in the industrial park. The province's policy also wants to reserve Industrial Park No. 5 for Taiwanese semiconductor businesses," he said.

Currently, the province has 30 Taiwanese investment projects, with strengths in supporting industrial production for the world's leading corporations in industries such as computers, medical equipment and electronic components.

Earlier, the Taiwanese business delegation visited Industrial Park No. 5 located in Xuan Truc commune and Quang Lang communes of An Thi district and Nghia Dan commune of Kim Dong district adjacent to a road connecting two major highways.

With an area of nearly 200 hectares, the industrial park has currently attracted 12 investment projects, including 10 Taiwanese enterprises with registered capital of about 150 million USD.

Spotlight on socioeconomic development in Hung Yen

Hung Yen province, over 60km northwest from Hanoi, has secured laudable socioeconomic development as it continues to exceed the state revenue budget target in only nine months of 2023. It is listed among the top 10 localities nationwide in terms of foreign investment attraction.

Sharply increasing FDI capital flows to Hung Yen

By October, Hung Yen was home to nearly 2,200 investment ventures with a cumulative registered capital of over $20 billion, including 536 foreign-invested projects valued $6.76 billion. For the first time, this pushed it into the top 10 localities in terms of foreign direct investment (FDI) attraction in the country.