Taiwanese firms rush Vietnamese footwear sector
Taiwanese firms are increasing capital investment in the Vietnamese footwear sector to benefit from Vietnam’s new free trade agreements, including the Trans-Pacific Partnership, the EU-Vietnam FTA, and the Vietnam-Korea FTA. On July 25, Taiwanese-owned Chinli My Phuoc One Member Co., Ltd. held the ground-breaking ceremony of its $50 million shoe sole production factory in the southern province of Binh Duong’s My Phuoc 2 Industrial Park. Recently, Vega Balls Manufacturing Co., Ltd., a leading producer of sports balls with production facilities located in Taiwan, Thailand, and Vietnam, has been licensed to invest in the northern province of Quang Ninh. The 32,400 square metre factory is Vega Balls’ second project in Vietnam.
