On the morning of September 18, 2023, Viettel Construction and the Taiwan-Vietnam Association of Economic, Cultural and Educational Development Enterprises had a meeting and discussed opportunities for production and investment cooperation in the Vietnamese market.
Attending the ceremony, on Viettel Construction's side, there was the appearance of Mr. Pham Dinh Truong - General Director; Mr. Nguyen Thai Hung - Deputy General Director of the Corporation, along with Center Directors and Heads of Departments of Agencies.
Mr. Pham Dinh Truong – CEO of Viettel Construction (left position)
On the side of the Taiwan-Vietnam Association of Economic Development, Culture and Education Enterprises, there was the participation of Ms. Ngo Pham Tran - President of the Association; Mr. Huang Yuan Te - General Director of Nu-wa Group; Mr. Chen Kuan Cheng - General Director of Voltronic Power; Mr. Lin Chin Chang - Chairman of the Board of Directors of Easten Ever International.
Accordingly, Viettel Construction and the Taiwan-Vietnam Association of Economic, Cultural and Educational Development Enterprises have agreed to have in-depth discussions on cooperation:
- Viettel Construction combines Taiwanese businesses in Vietnam in constructing and installing solar power systems at potential factories.
- Viettel Construction participates as the main contractor to build factories and workshops for Taiwanese businesses in Vietnam.
- Linking Taiwanese businesses to research and OEM ICT products, storage batteries,...
Ms. Ngo Pham Tran - Chairwoman of the Taiwan-Vietnam Association for Economic Cultural and Educational Development
Speaking at the ceremony, Ms. Ngo Pham Tran shared that Viettel Construction is a reputable unit in Vietnam, promoting cooperation between the association and Viettel Construction will help Taiwanese businesses have more advantages when joining. enter the Vietnamese market. At the same time, Viettel Construction can also link and use advanced technologies that Taiwanese businesses possess in industries such as ICT, smarthome, high-tech agriculture,...
Mr. Chen Kuan Cheng - CEO of Voltronic Power (middle)
Taiwan-Vietnam Association for Economic Cultural Education Development was established in 2016, and in November 2019, it was licensed by the Ministry of Foreign Affairs of Vietnam to establish a branch in Vietnam. Currently, the association has a total of more than 300 members who are Taiwan's leading electronics and technology corporations, operating with 5 main committees: Technology, Health, Agriculture, Trade and Education.
In recent years, there has been a trend of Taiwanese businesses choosing Vietnam as a place to invest and produce due to its favorable geographical location and cultural similarities. In addition, Vietnam has stable bilateral and multilateral political relationships with many countries, which is an important factor for organizations to invest.
According to statistics from the Ministry of Planning and Investment, Taiwan has continuously poured investment money into Vietnam in recent years. In 2022 alone, Taiwan will invest about 1.35 billion USD in Vietnam with 86 new projects, ranking 6th among the total economies investing in Vietnam.
In the first 4 months of 2023, Taiwan has invested about 594.48 million USD in Vietnam with 50 new projects. Of which, newly registered capital reached about 328.17 million USD; The value of capital contribution and share purchases reached about 142.30 million USD.
As of April 20, 2023, cumulative total investment capital from Taiwan into Vietnam reached 37.01 billion USD with a total of 2,959 projects. With this amount of capital, Taiwan currently ranks 4th in the list of economies investing the most in Vietnam.
Cumulative total FDI capital from Taiwan into Vietnam from 2017 to present. Source: Ministry of Planning and Investment (Photo source: CafeF)
In terms of investment, Taiwan's investment projects are most concentrated in the field of processing and manufacturing industries, accounting for more than 80% of total registered investment capital; Second is the construction sector; Next is the real estate business sector. The rest are other industries.
According to investment area, Taiwan currently has investments in more than 55 provinces and cities of Vietnam. Ha Tinh is the leading locality in Taiwan's investment capital in Vietnam with a total investment capital of more than 11 billion USD, accounting for 30% of accumulated total investment capital.
Ranked second is Binh Duong with total investment capital of more than 6 billion USD, accounting for more than 16% of accumulated total investment capital. Ranked third is Dong Nai with a total investment capital of more than 5 billion USD, accounting for more than 13% of the total accumulated investment capital. Next is Ba Ria - Vung Tau, Long An, City. Ho Chi Minh…
In recent years, investment capital from Taiwan into Vietnam has changed significantly, continuously rising in ranking position, increasing in scale, changing in form, field, expanding in geographical area. . If in previous periods Taiwan's capital flow only focused on the fields of hotels, restaurants and small-scale consumer goods production, then recently there has been a strong shift, changing Significant changes in the investment sector.
The cooperation between Viettel Construction and the Taiwan-Vietnam Association of Economic, Cultural and Educational Development Enterprises will be an opportunity to combine the strength of 11,000 employees in providing solutions for Taiwanese businesses when entering Vietnam. enter the Vietnamese market. At the same time, it will be an opportunity for Viettel Construction to apply modern technology, perfecting the product and service ecosystem in the journey to improve the quality of life of people across the country.