Taiwanese investment in Vietnam

Labour cost for qualified work force is becoming increasingly expensive in China's big cities nowaday...
Taiwanese investors (whom are known to be quite stingy) came in Shanghai in the early days to hire cheap managers. With 2000 to 3000 RMB/month (200-300 €) you could find someone valuable, 5000 RMB/month was enough for a top engineer, and 10 000-15 000 RMB/month (1000-1500 €), was a top management salary.
Those days are gone... Shanghainese are becoming more and more demanding, and the salaries proposed by HK and western corporations now outweight what the Taiwanese are ready to concede...
So, in a very Chinese pragmatic way, the Taiwanese are going elsewhere. Where? Vietnam ! Investments are on the way. More and more direct flights, etc.

Check those links on the subject :

• Taiwan is largest investor (China Post)
• The view from Taiwan (Blog)
• Taiwanese banks invest too (Vietnam Investment Review)