Taiwanese investors ready to invest in Vietnam

September 09, 2022 | 17:53

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A delegation of nine Taiwanese investors made a business trip to Vietnam to survey investment opportunities in many cities and provinces and intensify bilateral cooperation.

Nine Taiwanese investors look for investment opportunities in Vietnam

Nine Taiwanese investors worked with the leadership of Nam Dinh People's Committee. Photo: baonamdinh.com.vn

In the first trip of Taiwanese businesses to Vietnam since pandemic-induced lockdowns, a delegation from the island looked for investment opportunities across the country. They operate in semiconductors and electronic production for aviation, batteries, finance and several other sectors.

The business trip ran from September 4 to 10 and covered Hanoi, Bac Ninh, Quang Ninh, Haiphong, Nam Dinh, Thai Binh, and Ho Chi Minh City. Along with meeting local leaders, they also visited several industrial zones (IZs) to conduct field surveys.

In the first eight months, Taiwan was the seventh-largest foreign investor in Vietnam, with total registered investment capital of over $780 million.

Nguyen Manh Linh, deputy director of Dai Phong JSC – the developer of Dai Phong and Phu My IZs in the northern province of Nam Dinh told VIR, “After the working session, several enterprises stated that they would come back to My Thuan IZ for further discussions, one of which wants to build a research and development centre in our IZ.”

The leaders of the localities are committed to creating favourable conditions for Taiwanese investors to invest in Vietnam.

In the first eight months, Taiwan was the seventh-largest foreign investor in Vietnam, with a total registered investment capital of over $780 million.

Last month, Taiwan-based Hon Hai Precision Industry, better known as Foxconn, issued plans to lease 50.5ha of land in Quang Chau Industrial Park in the northern province of Bac Giang to develop a new project, with an investment of $300 million.

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