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Fastener World Leads Taiwan Companies to Visits Sheh Fung’s Vietnam Factory
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2024-08-05
Fastener World organized a Vietnam investment delegation consisting of more than 40 reps from Taiwan fastener companies to visit Sheh Fung Screws’ Factory in Vietnam on Aug. 5th.
When the delegation arrived in Ho Chi Minh City yesterday, Sheh Fung kindly invited them to join a grand welcome dinner on the same night. The atmosphere was cordial and lively, and Sheh Fung President Terry Tu, General Manager Kent Chen, and important senior executives, who attached great importance to the visit, attended to warmly welcome the delegation. In order to make every guest feel at home, during the dinner, Sheh Fung also specially assigned their company staff at each table to interact and exchange business cards with the visiting guests and share with the guests all kinds of experience in setting up factories in Vietnam in a relaxing atmosphere, making every guest feel Sheh Fung's heartfelt preparations and strong hospitality.
This morning, the delegation took a bus to Sheh Fung’s factory and the Industrial Park for a visit and listening to detailed briefings. Sheh Fung is a professional manufacturer of construction screws in Taiwan, with more than 50 years of experience in innovative R&D and dominating the industry with its unique painting technology. Sheh Fung's one-stop process planning, systematic and data-based management, and successful transformation of industrial intelligence have also won the favor and recognition of many international supply chain partners. Sheh Fung spent NT$1.2 billion on establishing a new factory in Phan Thiết City of Southern Vietnam, which occupies an area of 20 hectares and has been officially put into operation since January 2024, hoping to replicate the success of its Taiwan HQ to the new factory in Vietnam and capitalize on the advantages of the local raw material supply chain and Vietnam's production hinterland, so as to make Sheh Fung's future development in Southeast Asia and the global market more flexible and competitive. (Please stay tuned to Fastener World Magazine for more details on the factory visit!)
In addition to the factory visit, the delegation also met with the management rep of the Industrial Park where Sheh Fung's factory is located today. The rep of the Industrial Park, Sheh Fung’s Sales Assistant VP Rita Su, and KPMG rep successively briefed the guests in detail about the outline of the Industrial Park, Sheh Fung's valuable experience in setting up a Vietnam factory, and the solutions to tax problems and problems Taiwanese companies may encounter if they want to set up factories in Vietnam. The rep of the Industrial Park hoped that the visit and the informative presentations would help the guests have a comprehensive understanding of setting up factories in Vietnam and market development, and more importantly, stimulate the strong desire of more Taiwanese manufacturers to invest in Vietnam, and hoped that with more Taiwanese manufacturers coming to invest in Vietnam, an important industry cluster of fasteners, similar to the "Screw Industry Cluster" of Gangshan (Kaohsiung, Taiwan), could be created in Vietnam, thus achieving mutual benefits and a win-win situation. At the meeting, Sheh Fung’s staff on-site also prepared delicious desserts and exquisite souvenirs to make every guest feel their hospitality.
Some Taiwanese companies joining the delegation told Fastener World that the visit to Sheh Fung's factory and the Industrial Park was very fruitful for them, and they also learned a lot from their valuable experience in setting up factories and investing in Vietnam through the briefing. They are very grateful to all Sheh Fung’s staff for their generous arrangement and hospitality, and also look forward to the next few days of the visit to have a fuller understanding of the Vietnamese market.
匯達參訪團
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越南投資
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胡志明市
Fastener World delegation
Sheh Fung Screws
invest in Vietnam
factory setup
Ho Chi Minh City
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