Foxconn's New Strategic Phase in Vietnam: Emphasizing Management and Talent Upgrade
Foxconn's Vietnam head, Chau Nghia Van, highlighted a new phase of strategic investment at the FDI Connect Forum. With $5.7 billion total investment in Vietnam, the company proposes five key areas for industrial upgrade, including quality digitization and local supply chain integration.
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- 📰 Published: April 25, 2026 at 14:41
- 🔍 Collected: April 25, 2026 at 15:01 (20 min after Published)
- 🤖 AI Analyzed: April 25, 2026 at 15:11 (9 min after Collected)
(CNA Reporter Tseng Ting-hsuan, Bac Ninh, 25th) Foxconn Vietnam head Chau Nghia Van attended the 'FDI Connect Forum' yesterday, stating that foreign investment will collaborate with local Vietnamese enterprises to assist in industrial transformation. He proposed five major recommendations: strengthening 'quality digitization', linking FDI with local firms, product sustainability, risk management, and talent cultivation.
The 'FDI Connect Forum' was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the Bac Ninh provincial government on the 24th, inviting enterprises from South Korea, China, Taiwan, Singapore, and Europe to discuss Vietnam's tech transformation.
Chau shared insights on 'upgrading Vietnamese enterprises into tier-one suppliers of the FDI value chain.' He noted that Foxconn is increasing investment in Bac Ninh via Fuhong Precision Component by approximately $39.4 million, signaling a new stage in its long-term strategy. Since 2007, Foxconn has invested $5.7 billion across 27 projects in 7 provinces, creating 130,000 jobs.
Chau proposed five suggestions for Vietnam's industrial upgrade:
First, 'quality digitization' to catch up in technical capability. Second, mechanisms to link FDI with local suppliers. Third, green environmental standards for entering the international stage. Fourth, enhancing resilience and risk management in logistics and production. Fifth, talent cultivation to provide skilled personnel with an international perspective.
He emphasized that the localization rate of foreign companies will gradually rise, boosting the local supply chain and contributing to Vietnam's goal of becoming a regional high-tech manufacturing and innovation center.
The 'FDI Connect Forum' was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the Bac Ninh provincial government on the 24th, inviting enterprises from South Korea, China, Taiwan, Singapore, and Europe to discuss Vietnam's tech transformation.
Chau shared insights on 'upgrading Vietnamese enterprises into tier-one suppliers of the FDI value chain.' He noted that Foxconn is increasing investment in Bac Ninh via Fuhong Precision Component by approximately $39.4 million, signaling a new stage in its long-term strategy. Since 2007, Foxconn has invested $5.7 billion across 27 projects in 7 provinces, creating 130,000 jobs.
Chau proposed five suggestions for Vietnam's industrial upgrade:
First, 'quality digitization' to catch up in technical capability. Second, mechanisms to link FDI with local suppliers. Third, green environmental standards for entering the international stage. Fourth, enhancing resilience and risk management in logistics and production. Fifth, talent cultivation to provide skilled personnel with an international perspective.
He emphasized that the localization rate of foreign companies will gradually rise, boosting the local supply chain and contributing to Vietnam's goal of becoming a regional high-tech manufacturing and innovation center.