Taiwan raises manufacturing FDI in Vietnam for supply chain diversification: Savills
Taiwanese manufacturers ramped up investment in Vietnam from 2022 to 2023, indicating their seriousness in diversifying their supply chains to Southeast Asia after the pandemic, according to Savills Vietnam.
Taiwan’s newly registered manufacturing foreign direct investment (FDI) in 2023 was $1.87 billion, which is almost a staggering 8.7 times that of 2022.
In H1/2024, Vietnam attracted over $513 million in new Taiwanese manufacturing investments, with expectations of further substantial increases by the year-end when more major electronics projects complete their registrations, said John Campbell, associate director, Industrial Services Savills Vietnam.

Taiwanese manufacturing FDI, 2018-H1/2024. Source: Ministry of Planning and Investment, Savills Vietnam, 2024.
A growing number of Taiwanese manufacturers have established firm footholds in Vietnam to diversify supply chains and mitigate product risks, among them electronics giants like Foxconn, Pegatron, Compal, and Wistron.
Vietnam is ambitious to become a semiconductor hub, whilst Taiwan is renowned for its successful semiconductor industry and could therefore offer valuable expertise that Vietnam can leverage to achieve its objectives.
Northern Vietnam is expected to continue attracting Taiwanese electronics and semiconductor investments, whilst the southern region is likely to receive mid-value-added manufacturing projects.

A Foxconn factory in Bac Giang province, northern Vietnam. Photo courtesy of VOV.
Taiwanese investors favor Vietnam’s young and increasingly skilled workforce, stable business environment, competitive labor and construction costs, geographical location near source and destination markets, and its active participation in a multitude of free trade agreements.
Vietnam attracted FDI of $36.6 billion in 2023, increasing over four-fold from 2022. Taiwan was the sixth largest contributor with $2.88 billion, representing 8% of total registered FDI and up 13% from 2022.
This performance reinforced the strong economic ties and long-standing relationship between the two economies. Electronics remain the largest manufacturing industry in Taiwan in 2023.
H1/2024 Taiwanese manufacturing FDI
In H1/2024, Vietnam attracted registered FDI totaling $15.18 billion, up 13% year-on-year. Manufacturing accounted for 70% registering $10.68 billion, up a significant 26% year-on-year. Of these, 541 new manufacturing projects were registering $6.82 billion, 390 existing manufacturing projects increasing capital, and 190 projects with capital contributions and share purchases.
In terms of total registered FDI, Taiwan was the sixth largest contributor with $1.05 billion or 7% of the total, with 88 new projects registering $529.8 million, 46 existing projects increasing capital of $392.9 million, and 93 projects with capital contributions and share purchasing amounting to $129 million.
Taiwan had 39 new manufacturing projects registering $513.37 million in the first six months of the year, representing 49% of Taiwan’s total FDI during the period. Of which, 22 projects were in northern Vietnam and 17 were in southern Vietnam.
Although the North had more new Taiwanese manufacturing projects, the South received the bigger portion with $285.4 million or 56% mostly due to a significant investment of $250 million by Tripod Technology in Chau Duc Industrial Park in Ba Ria-Vung Tau province.

Largest Taiwanese manufacturing projects, H1/2024. Source: MPI, Savills Vietnam, 2024.
Of the 39 new Taiwanese manufacturing projects in H1/2024, 24 were land deals and 15 were factory deals. Land deals dominated in revenue, accounting for 92% of investment capital.
However, factory deals, comprising 38% of the total number of projects, indicate growing demand from a variety of Taiwanese manufacturers, from suppliers to large electronic conglomerates to mid-value-added industries and SMEs. These companies typically don't require large land bank and prefer shorter lease terms due to reliance on customer contracts.
This demand provides opportunities for Vietnam’s factory and warehouse developers. For example, BW Industrial Development JSC, the largest industrial rental developer in Vietnam, now hosts an impressive 18 Taiwanese tenants, including Jusda, Sable Speaker Solutions, FSP Group, and Alltop.
By province, Ba Ria-Vung Tau had the lion’s share with $264.1 million or 51% thanks to Tripod Technology Corporation. While a heavy majority of Taiwanese electronic investments move to the northern region, Tripod’s investment in Sonadezi Chau Duc Industrial Park demonstrates the potential of its southern counterpart.
Thanh Hoa followed in second place with 23% and Ha Nam held third place with 8% but had the highest number of projects with six new Taiwanese manufacturing investments.

Newly registered Taiwanese manufacturing by province, H1/2024. Source: MPI, Savills Vietnam, 2024.
By industry, electronics was in first place with four projects totaling $255 million or 50%. Wearing apparel was in second place accounting for 24% with five projects, followed by electrical equipment with 11% and seven projects. Wistron Corporation followed Tripod Technology as the second largest Taiwanese electronics manufacturing investment in H1/2024 with $24.5 million.
- Read More
Vietnam forecast to become world’s second-largest rice importer by 2025-2026
Vietnam is projected to become the world’s second-largest rice importer in 2025-2026, only after the Philippines, as the country must ramp up imports to meet export demand amid falls in domestic production, according to the latest World Agricultural Supply and Demand Estimates, released by the US Department of Agriculture (USDA).
Southeast Asia - Fri, May 16, 2025 | 11:36 pm GMT+7
The Trump Organization gets okay for $1.5 bln property project in northern Vietnam
A $1.5 billion golf, eco-tourism and urban complex proposed by a joint venture between Hung Yen Investment and Development Group and IDG Capital, which represents The Trump Organization, has received in-principle approval from the Vietnamese Government.
Real Estate - Fri, May 16, 2025 | 10:46 pm GMT+7
Vietnam's leading developer Becamex seeks to become billion-dollar company
Becamex, a leading industrial real estate developer in Vietnam, is strongly restructuring itself, attracting more private investment capital, and reducing state ownership, with an aim to become a billion-dollar company.
Companies - Fri, May 16, 2025 | 5:10 pm GMT+7
S Korea's Hanwha Energy eyes more LNG power projects in Vietnam
Hanwha Energy is keen to invest in more LNG-to-power projects in Vietnam, vice president Kim Young-Wook said in a meeting with the country's Ministry of Industry and Trade on Thursday.
Energy - Fri, May 16, 2025 | 3:32 pm GMT+7
Vietnam, Thailand elevate relations to comprehensive strategic partnership
Vietnam and Thailand have upgraded their relations from a strategic partnership, established in 2013, to a comprehensive strategic partnership.
Politics - Fri, May 16, 2025 | 12:44 pm GMT+7
Vietnam, China firms partner to develop pumped storage hydropower in Vietnam
Vietnam's Power Generation Corporation 2 (EVNGENCO2) and China's Lancang-Mekong International Company Limited (CSG-LMI) have signed an MoU on cooperation to develop pumped storage hydropower projects in Vietnam.
Companies - Fri, May 16, 2025 | 12:27 pm GMT+7
Vietnam market rebound in May: Leading stocks begin to rally
A new wave of stock market gains appears to be forming in Vietnam, opening up promising investment opportunities for both institutional and retail investors.
Finance - Fri, May 16, 2025 | 11:12 am GMT+7
Malaysia's TNB proposes partnership with Vietnam's EVN in connecting regional power grids
TNB, Malaysia's largest utility, has proposed Vietnam's state-owned utility EVN to cooperate in building a power transmission network connecting countries, including a line between Malaysia and Vietnam, via land and sea.
Energy - Fri, May 16, 2025 | 8:17 am GMT+7
New Vietnam-China int'l road transport route opens
Convoys carrying electronic components, fresh vegetables, and daily necessities departed simultaneously from Nanning in south China's Guangxi Zhuang Autonomous Region and Kunming in southwest China's Yunnan province on Wednesday morning, heading for Hanoi, the capital of Vietnam.
Southeast Asia - Thu, May 15, 2025 | 10:34 pm GMT+7
Indonesia’s rice reserve set to hit record 4 mln tons
Indonesia’s rice reserves are on track to surpass 4 million tons, setting an all-time high after reaching a new record of 3.7 million tons in mid-May.
Southeast Asia - Thu, May 15, 2025 | 10:24 pm GMT+7
China's giant Huadian Group eyes enlarging renewable energy portfolio in Vietnam
Huadian Group, a wholly state-owned company of China, is keen to further invest in Vietnam’s renewable energy sector.
Energy - Thu, May 15, 2025 | 9:40 pm GMT+7
Vietnam’s macroeconomic indicators 'broadly positive': Dragon Capital
Vietnam's macroeconomic indicators remained broadly positive, with both trade and FDI attraction performing well in the first four months of the year, write Dragon Capital analysts.
Economy - Thu, May 15, 2025 | 5:47 pm GMT+7
'How many new jobs created’ should be new KPI for local governments: VCCI leader
With a shift in thinking about the role of the private sector, local governments may soon prioritize creation of new jobs and businesses over traditional growth metrics, according to Dau Anh Tuan, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Thu, May 15, 2025 | 5:23 pm GMT+7
Herbalife’s Vietnam earnings hit $75.4 mln in Q1, exceed China tally
Herbalife, a global multi-level marketing corporation selling dietary supplements, recorded $75.4 million in net sales in Vietnam in the first quarter of 2025, according to the firm’s report.
Companies - Thu, May 15, 2025 | 5:01 pm GMT+7
Japan’s Nitto Denko to quadruple northern Vietnam plant's production capacity
Nitto Vietnam, a subsidiary of Japan’s multi-sector corporation Nitto Denko, has decided to raise the investment in its Hung Yen province-based plant by $28 million to $160 million.
Investing - Thu, May 15, 2025 | 3:58 pm GMT+7
UAE Embassy, VAFIE to jointly strengthen Vietnam-UAE business connections
The Embassy of the United Arab Emirates (UAE) in Hanoi and the Vietnam's Association of Foreign Invested Enterprises (VAFIE) on Wednesday agreed to jointly deploy specific measures to lift trade and investment ties between the two countries.
Companies - Thu, May 15, 2025 | 2:37 pm GMT+7