Chinese investors have been ramping up their presence in Vietnam in recent years, with a surge in investments that shows no sign of abating.
VOV.VN - Tech giant Foxconn Interconnect Technology (FIT) of Taiwan (China) has unveiled that its subsidiary New Wing Interconnect Technology Co., Ltd recently acquired a 25% stake in Goertek Electronics Vietnam in an effort to expand its production footprint in Vietnam.
Vietnam's foreign direct investment (FDI) attraction has shown a positive start in the first month of 2025, sparking hopes for a significant influx of investment in the coming time.
Vietnam has opened its doors to major firms for decades and is expected to have even greater business opportunities under the Trump 2.0 administration, according to the US-based website forbes.com.
Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.
VOV.VN - Samsung Display (SDV) of the Republic of Korea will pour US$1.8 billion into a project to manufacture screens and electronic components in Yen Phong Industrial Park of northern Bac Ninh province, Vietnam.
Vietnam boasts potential to attract investments in pioneering industries, and solutions are needed to materialise such opportunities, insiders have said.
Vietnam has a prime opportunity to lead in attracting technological "eagles".
Vietnam has solidified its position as the most attractive investment destination for Taiwanese companies in Southeast Asia and globally, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam-Taiwan business forum in Hanoi on April 8.
The number of new enterprises and those resuming their operation this month reached 27,335, up 5.5% year-on-year, and more than 1.3 times higher than the average figure in the 2018-2023 period, statistics show.