Taiwanese firms highly evaluate Hai Phong’s business environment
The Hai Phong Economic Zone Authority (HEZA) on May 23 organised an investment promotion conference with the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) with the participation of leaders from nearly 50 businesses operating in the electronic manufacturing, high-tech and semiconductor industries.
Le Trung Kien (right), Head of HEZA, presents a gift to the Taiwanese delegation. (Photo: VNA)
Hai Phong (VNA) – The Hai Phong Economic Zone Authority (HEZA) on May 23 organised an investment promotion conference with the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) with the participation of leaders from nearly 50 businesses operating in the electronic manufacturing, high-tech and semiconductor industries.
As the largest business association of Taiwan (China), the TEEMA brings together more than 3,000 members.
Chairman/CEO at Wieson Technologies Co. Ltd. Chen Hung Chin, head of the Taiwanese delegation, emphasised that TEEMA member enterprises are operating in different spheres, mainly electronics, and their combined revenue makes up about 56% of industrial production value in Taiwan.
This is the third time the association has organised such field trip to the northern port city of Hai Phong to scope out its investment climate, he said, noting that Taiwanese firms highly evaluate the local business environment.
Le Trung Kien, Head of HEZA, said Hai Phong has been an investment destination for many big Taiwanese groups, and expressed his hope that their leaders will step up investment promotion activities in the city, and that TEEMA will coordinate with the authority in organising a large-scale investment promotion conference in Taiwan in September.
Kien briefed the Taiwanese side on Hai Phong’s potential, advantages, and its synchronous, modern seaport, expressway, railway and airport infrastructure that has facilitated its international integration.
Over the past years, Hai Phong has remained on the list of the leading localities in foreign direct investment (FDI) attraction, about 2.5 billion USD each year, he continued.
According to HEZA, Hai Phong has lured more than 960 FDI projects worth over 31 billion USD from 42 countries and territories so far, of them 65 are invested by Taiwanese investors with total registered capital of over 2 billion USD.
🎃 Taiwanese enterprises have significantly contributed to the city’s export turnover with nearly 2 billion USD last year, and job generation there./.
Good Way Cayman Co. Ltd. from Taiwan (China) held a groundbreaking ceremony for a large-scale plant manufacturing computers and their peripheral equipment at the Lien Ha Thai Industrial Park in the northern province of Thai Binh on February 19.
The “2023 Wow! Taiwan Project - Health Tech Business Matchmaking Event” was held in Ho Chi Minh City on September 12, drawing more than 60 businesses from Vietnam and Taiwan (China) and witnessing the signing of a variety of cooperation deals.
The Dai Phong infrastructure construction company of Vietnam and JiaWei Corporation from Taiwan (China) signed a project development agreement at a ceremony in the northern province of Nam Dinh on August 14.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
