Vietnam-Taiwan business forum held in Hanoi
Hanoi (VNA) – Vietnam has solidified its position as the most
attractive investment destination for Taiwanese companies in Southeast Asia and
globally, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam-Taiwan business forum in Hanoi on April
8.
Investment from Taiwan (China) in Vietnam surged in
2023, reaching 2.2 billion USD, a fourfold increase from the previous year.
This impressive growth placed Taiwan as the fourth largest investor in Vietnam,
out of 105 countries and territories, with nearly 3,200 projects valued at over
39.5 billion USD. Additionally, Taiwan has become Vietnam's fifth largest
trading partner.
Dong commended Taiwanese enterprises for their
contributions to Vietnam's economic development. He highlighted their role in
fostering technology transfer, increasing the use of locally-produced
materials, and upskilling the Vietnamese workforce. These efforts, he noted,
contribute significantly to the establishment of robust global supply chains.
Pham Tan Cong, Chairman of the Vietnam Chamber
of Commerce and Industry (VCCI) and Chairman of the Taiwan Affairs
Committee, pointed out the extensive presence of major Taiwanese electronics
conglomerates like Foxconn, Wistron, Qisda, Pegatron, Compal and Quanta in
Vietnam, saying that this
is a promising signal for cooperation between the two sides.
On the occasion, the Vietnam-Taiwan (China)
2024 international investment and trade promotion exhibition kicked off on
April 8 and runs until April 9. The event, co-organised by DVL IPT Investment
and Trade Promotion JSC and the World Taiwanese Chambers of Commerce (WTCC),
provides a platform for networking and collaboration among businesses across various
sectors.
Nguyen Hong Chung, General Director of the DVL
IPT Investment and Trade Promotion JSC, said the event takes place during a
pivotal year - Vietnam marks its 35th anniversary of attracting foreign
investment. Over the past three and a half decades, Taiwan (China) has emerged
as a key partner, ranking fourth in foreign direct investment (FDI) with nearly
40 billion USD, and fifth in overall trade, with two-way trade of
almost 25 billion USD./.