This year, Vietnam has approved more than 100 Taiwan-funded factories, with an average investment of no less than 40 million US dollars per unit. Light Knowledge
Among them, there are many major projects in Taiwan, including Foxconn, NVIDIA, and Lite-On Technology. It has formed a scale, which shows that Taiwan-funded enterprises are speeding up the pace of investment transfer to Vietnam. The relocation of these companies will not only have a certain impact on the economy and employment of Guangdong and Jiangsu provinces, but also mean that Vietnam's position in the global industrial chain will rise.
From this phenomenon, we can find that Vietnam is gradually becoming the preferred investment destination for more Taiwan-funded enterprises. It is highly likely that there are multiple reasons behind this new shift. Vietnam's labor costs are relatively low, which is conducive to reducing production costs.
Vietnam** implements a series of preferential policies for foreign-funded enterprises to attract greater investment. Finally, Vietnam has a better geographical location than other Southeast Asian countries to facilitate product exports and international **.
Since the loss of Taiwan-funded enterprises may damage the status of China's manufacturing industry, this trend change may have a certain impact on China's manufacturing industry. But at the same time, it also provides Vietnam with more opportunities for development. With the expansion of Vietnam's economic scale, Vietnam's position in the global industrial chain will also be further improved, and it is an international manufacturing center that deserves more attention.