Business

Conference explores trade, investment chances for Mekong Delta, Taiwanese firms

A business matching conference was held in Can Tho city recently to boost trade and investment links between the Mekong Delta and China’s Taiwan.
Conference explores trade, investment chances for Mekong Delta, Taiwanese firms ảnh 1Visitors examine products displayed at the business matching conference (Photo: VNA)

Can Tho (VNA) – A business matching conferencewas held in Can Tho city recently to boost trade and investment links betweenthe Mekong Delta and China’s Taiwan.

Local potential, strengths, investmentopportunities, and priority projects calling for investment were introduced atthe November 11 event, during which information about the Taiwanese market andits standards was also provided.

Taiwan has been a large trade and investmentpartner of Vietnam over the past years.

Between 1988 and September 2020, it poured over33.2 billion USD into 2,771 projects in Vietnam, mostly in processing,manufacturing, and construction, ranking fourth among the countries andterritories investing in the country, following the Republic of Korea, Japan,and Singapore.

Meanwhile, between 1952 and September this year,Vietnamese firms invested 68.51 million USD in 281 projects in the Chineseterritory, mainly in wholesale, retail, machinery production, and accommodationand food services.

Bilateral trade increased 19.4 percent year onyear to 19.56 billion USD in 2019, including over 15.1 billion USD of Vietnam’simports from Taiwan. The figure was over 13.4 billion USD in the first eightmonths of 2020, up 6.2 percent from a year earlier.

Nguyen Thi Phuong Linh, Deputy Director of theCan Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI), saidthere had been 1,699 foreign invested projects worth 23.03 billion USD in theMekong Delta as of the end of 2019. 

Taiwan accounted for about 13.6 percent of the totalforeign investment in the region, ranking fourth. Its businesses’ projectsoperate mainly in apparel, processing, manufacturing, and footwear industries.

Director of the Can Tho Department of Industryand Trade Nguyen Minh Toai said via the conference, his city wishes to boostcooperation to promote the export of key agricultural products of the city andthe Mekong Delta like rice, aquatic products, processed farm produce, andcanned fruit. It also hopes to maintain connectivity between foreign businessesand investors and local firms and specialised agencies./.
VNA
#business matching conference #Can Tho #Mekong Delta #Taiwan #Vietnam’s imports from Taiwan #foreign investment in the Mekong Delta #Vietanm's exports to Taiwan #updated Vietnam news #Vietnamplus #Vietnam News Agency Can Tho Taiwan (China)
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