Vietnam and Taiwan actively promote investment and trade

DNHN - Currently, major Taiwanese electronics corporations such as Foxconn, Wistron, Qisda, Pegatron, Compal, Quanta, etc. have all invested in Vietnam. This is considered a positive sign for the cooperative relationship between the two sides.

The economic cooperation and investment trade relationship between Vietnam and Taiwan (China) is progressing positively and increasingly deeply in many different fields. Deputy Minister of Planning and Investment Tran Duy Dong highly appreciated the development level of this relationship at the Vietnam - Taiwan Business Forum and the 2024 Vietnam - Taiwan International Investment and Trade Promotion Exhibition, which took place on the afternoon of April 8.

The forum attracted the participation of many businesses operating in the field of industrial park infrastructure, industrial clusters, factories, warehouses, logistics, suppliers, manufacturing facilities and export enterprises from all over the provinces and cities of Vietnam. Mr Tran Duy Dong also said that in 2023, the investment capital from Taiwan into Vietnam reached 2.2 billion USD, four times higher than in 2022.

According to information from the Ministry of Planning and Investment, the total number of investment projects from Taiwan has now reached nearly 3,200 projects, with a total registered capital of over 39.5 billion USD. Taiwan also ranks 4th out of 105 countries and territories investing in Vietnam and has become Vietnam’s 5th largest trading partner.

Mr Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), highly appreciated the contribution of Taiwanese enterprises to the economic transformation and development of Vietnam over the past 35 years. He also emphasised the change in the investment sectors of Taiwan in Vietnam, from labour-intensive industries such as textiles, footwear and wood products, to high-tech and electronics industries as they are today.

Currently, major Taiwanese electronics corporations such as Foxconn, Wistron, Qisda, Pegatron, Compal, Quanta, etc. have all invested in Vietnam. This is considered a positive sign for the cooperative relationship between the two sides. Fields such as high technology, electronics industry, semiconductor industry, green economy, digital economy, circular economy, innovation and renewable energy are expected to continue to create many win-win cooperation opportunities for businesses in both Vietnam and Taiwan in the domestic market as well as the global market.

P.V