Pegatron makes a bigger investment plan into Vietnam

 

Pegatron Corporation (Chinese: 和碩聯合科技股份有限公司) is a Taiwanese electronics manufacturing company that mainly develops computing, communications, and electronic components for branded vendors. Pegatron has a big manufacturing company in Cat Hai, Hai Phong, Vietnam. This year Pegatron decided to expand investment into Vietnam to make their manufacturing scale bigger.

Besides Pegatron, there are many successful factories transferred to Vietnam like Goertek, Foxconn, Luxshare, Winstron. That many big names choose Vietnam as the promising destinations shows a lot of meanings. On one hand, this proves that Vietnam is proving a safe and ideal place for investment. When many countries are struggling with Covid, Vietnam still has impressive development and tries all means to help factories keep stable manufacturing. On the other hand, this will strengthen the belief of many other foreign investors in Vietnam. In the next few years, Vietnam is expected to continue to get the wave of investment from other countries.

The relocation of foreign companies to Vietnam make chances but challenges as well to Vietnam. The local authority needs to try harder to catch up with the pace of development, to adjust policies to foreign investment, to ensure the right for the local labor. Besides, to join a big supply chain, of course, Vietnam need to upgrade the quality of fundamental infrastructure to facilitate import and export. Many complex procedures need to be reformed to save the time, and to improve efficiency.

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