Vietnam among the best choices for Taiwan (China) investors
(VOVWORLD) - A recent article posted by Digitimes Asia said, Vietnam, along with Thailand, is considered the top choice for suppliers in Chinese Taiwan who plan to move into Southeast Asia to meet growing consumer demand.
 A textile company in Hung Yen province (Photo: Pham Kien/VNA) |
The article said manufacturers choose to build new production bases in Vietnam and Thailand because of their transport infrastructure. Being able to transport goods via their road networks will make up for incomplete local supply chain ecosystems.
Supply chains in Vietnam and Thailand are nearing completion after years of effort, the article said. Demand in recent years has been largely for automotive and home appliance parts, rather than ICT devices and applications. This has allowed component suppliers to better connect with Thailand's local industry. But Vietnam and Thailand are both ideal choices for Taiwan-based suppliers foraying into Southeast Asia, followed by Malaysia, Indonesia, and the Philippines, the article said.