Taiwan's Wintex Group plans to lease more than 10ha of land and warehouse space in northern Bac Giang province's Quang Chau Industrial Zone for the manufacture of touch screens.
The company inked an agreement with the zone's investor Sai Gon – Bac Giang Industrial Park Co, an affiliate of Kinh Bac Urban Development Co, on Dec. 12 in Hanoi.
The project, which has an initial investment of 150 million USD, is expected to begin operation in the middle of next year and create 30,000 jobs.
A stable political environment and favourable geographic location (close to China), as well as support from local authorities and the local young population are decisive factors, said Hyley H Huang, Wintex's chairman.
He predicted that Vietnam’s northern region will attract further substantial foreign investment in the near future.
Taiwanese foreign direct investment in Vietnam now totals 22.83 billion USD, said the Ministry of Planning and Investment's Foreign Investment Agency.
Major Taiwanese conglomerates, including the Hon Hai Group and Compal Electronics Co, now have a solid presence in the country.
Vietnam is a favourable investment destination because of its rich natural resources and stable political and economic environment, said Huang Teh-hsiu, president of the Taiwanese Chamber of Commerce in Hanoi./.
The company inked an agreement with the zone's investor Sai Gon – Bac Giang Industrial Park Co, an affiliate of Kinh Bac Urban Development Co, on Dec. 12 in Hanoi.
The project, which has an initial investment of 150 million USD, is expected to begin operation in the middle of next year and create 30,000 jobs.
A stable political environment and favourable geographic location (close to China), as well as support from local authorities and the local young population are decisive factors, said Hyley H Huang, Wintex's chairman.
He predicted that Vietnam’s northern region will attract further substantial foreign investment in the near future.
Taiwanese foreign direct investment in Vietnam now totals 22.83 billion USD, said the Ministry of Planning and Investment's Foreign Investment Agency.
Major Taiwanese conglomerates, including the Hon Hai Group and Compal Electronics Co, now have a solid presence in the country.
Vietnam is a favourable investment destination because of its rich natural resources and stable political and economic environment, said Huang Teh-hsiu, president of the Taiwanese Chamber of Commerce in Hanoi./.
