Taiwanese Electronics Business Delegation Surveys and Explores Investment Opportunities in Nghe An

On the morning of September 27, leaders of Nghe An Provincial People's Committee received and worked with a delegation of Taiwanese Electronics and Electrical Engineering enterprises who came to survey the province's investment and business environment.

Scene of the working session between Nghe An Provincial People's Committee and Taiwanese Electronics Business Delegation. Photo: Pham Bang

NGHE AN'S INVESTMENT ENVIRONMENT IS BECOMING MORE AND MORE ATTRACTIVE AND RELIABLE

The Taiwanese business delegation to Nghe An this time includes businesses in the fields of electrical and electronic engineering, members of the Institute for Information Industry Policy Promotion, and the Taipei Economic and Cultural Office in Vietnam.

The delegation came to learn about the land potential, human resources, advantages of investment support policies of Nghe An province, especially surveying the infrastructure of the Industrial Parks: VSIP, WHA, Hoang Mai I. In addition, the delegation also learned about the mechanisms, preferential policies and investment environment, as a premise for investment activities and expanding cooperation between Taiwanese enterprises and Nghe An province.

Representative of the Foreign Investment Agency (Ministry of Planning and Investment) speaking at the meeting. Photo: Pham Bang

Speaking at the meeting, Chairman of the Provincial People's Committee Nguyen Duc Trung expressed his pleasure in welcoming the Taiwanese electronics business delegation to visit, work, survey the investment and business environment and connect with investors in Nghe An. This demonstrates the interest and trust of Taiwanese enterprises in the province's investment environment and opens up attractive opportunities for cooperation between Taiwanese enterprises and Nghe An province in the coming time. At the same time, he sincerely thanked the Foreign Investment Agency (Ministry of Planning and Investment) for supporting the Taiwanese business delegation to work and survey investment in Nghe An province.

The Chairman of the Provincial People's Committee said that Nghe An is located in the center of the North Central region, has the largest area in the country, the fourth largest population in the country, with full natural and social conditions and is likened to a miniature Vietnam. In the trend of shifting investment waves, Nghe An is identified as a potential destination for investors.

Chairman of the Provincial People's Committee Nguyen Duc Trung speaks at the meeting. Photo: Pham Bang

In recent times, a number of multinational corporations and large enterprises have invested in Nghe An on a large scale and with modern technology, contributing to job creation and the development of the province.

In the past 3 years, despite being heavily affected by the Covid-19 pandemic, Nghe An has still been trusted and invested in by investors. Nghe An has attracted many businesses to invest in the field of electronic equipment manufacturing and high-tech application fields, including 4 major projects: Ju Teng (Taiwan), Everwin (Hong Kong), Goertek and Luxshare ICT (China).

A delegation of Taiwanese electronics and electrical engineering businesses came to survey and explore investment opportunities in Nghe An province. Photo: Pham Bang

Recently, Ju Teng International Group from Taiwan started construction of the Ju Teng Electronic Product and Auto Parts Factory in Hoang Mai Industrial Park I with a total investment of 200 million USD in phase I, using about 120 hectares of land and creating jobs for 6,000 - 9,000 workers.

"These are encouraging figures and the clearest evidence of foreign investors' trust in the business investment environment, and the determination of all levels and sectors in attracting foreign investment capital," emphasized Chairman of the Provincial People's Committee Nguyen Duc Trung.

Taiwanese businesses watch a video introducing the potential, advantages, and business investment environment of Nghe An province. Photo: Pham Bang

The head of the provincial People's Committee said that Nghe An welcomes Taiwanese enterprises to invest in the province in the fields of electronics manufacturing, high technology, processing and manufacturing industry, supporting industry, renewable energy, and high-quality agriculture. "These are areas where Taiwanese enterprises have strengths and the province is committed to accompanying investors to cooperate in development, aiming for success, sustainability and high efficiency. The success of investors is also the success of Nghe An."

"POSITIVE IMPRESSIONS WITH NGHE AN'S INVESTMENT ENVIRONMENT"

Speaking at the meeting, Mr. Hua Jie Li - Vice President of Taiwan Electromechanical and Electronics Association expressed his pleasure to come to Nghe An province, the hometown of President Ho Chi Minh, to learn about investment opportunities and feel the closeness, friendliness, and thoughtful and attentive welcome of Nghe An province.

Introducing the Taiwan Electromechanical and Electronics Association, Mr. Xu Kai Li said that this is the largest industry association in Taiwan, established in 1948, currently has 3,006 members, and the association's production and export value accounts for more than 50% of Taiwan's production and export value.

Vice President of Taiwan Electrical and Electronics Industry Association speaking at the meeting. Photo: Pham Bang

The Vice President of the Taiwan Electromechanical and Electronics Association said that currently, enterprises in the association are tending to expand their investment to the Southeast Asian market, especially Vietnam. Because Vietnam has advantages in terms of labor resources and favorable geographical location in the global supply chain. For Nghe An, it is known that the province is building a highway and planning to invest in building a deep-water port, which is an important condition for investors to come to the province.

Based on the survey at VSIP and WHA Industrial Parks, working with the Provincial People's Committee, the Vice President of the Taiwan Electromechanical and Electronics Association expressed a positive impression of Nghe An's investment environment, saying that this is a good opportunity for members of the association to choose and decide to invest; at the same time, he believes in the future development of Nghe An and hopes that in the near future, more members will come to Nghe An to learn about investment opportunities.

Sharing investment experience in Nghe An province, a representative of Ju Teng International Group said: Since 2019, the Group has begun surveying about 15 industrial parks nationwide but then decided to invest in Hoang Mai I Industrial Park.

Representatives of Ju Teng International Group shared investment experiences in Nghe An province. Photo: Pham Bang

"The Group received an enthusiastic and friendly welcome from the provincial leaders, recognized Nghe An's readiness for investment conditions, as well as the attention, support, assistance, and removal of obstacles from departments, branches, and localities, so that after 9 months from the date of being granted the investment certificate, the Group started construction of the factory and is expected to come into operation in June 2023," said a representative of Ju Teng International Group.

Concluding the meeting, Chairman of the Provincial People's Committee Nguyen Duc Trung affirmed that Nghe An is always ready to welcome investors, including investors from Taiwan. After the survey, investors have gained certain understanding of Nghe An's investment environment, clearly demonstrating the attractiveness and efforts in improving the investment environment of Nghe An province.

Chairman of the Provincial People's Committee Nguyen Duc Trung presented a souvenir to the Vice President of the Taiwan Electromechanical and Electronic Enterprises Association. Photo: Pham Bang

Vice President of Taiwan Electrical and Electronics Industry Association presents souvenir to Chairman of Nghe An Provincial People's Committee. Photo: Pham Bang

Nghe An is aware that the province's efforts and commitments to improving the investment environment are only truly valuable when they bring efficiency to investors; the success of investors is the result of the success of Nghe An province in promoting and attracting investment.

In the coming time, the province will continue to invest in infrastructure, improve the investment environment to create the most favorable conditions for investors to come to Nghe An. The province will focus on key tasks that the province calls the 5 readiness: Ready land; ready essential infrastructure; ready human resources; ready to innovate, reform administrative procedures, improve the investment and business environment and ready to support investors.

Leaders of the Provincial People's Committee, departments and branches of Nghe An province took souvenir photos with the Taiwanese business delegation. Photo: Pham Bang

Chairman of the Provincial People's Committee Nguyen Duc Trung believes that the investment cooperation between investors from Taiwan and Nghe An province will be successful and achieve many good results. This is the perfect combination of financial capacity, experience, market, technology of Taiwanese enterprises with the potential, advantages and people of Nghe An province./.