Textile

Vietnam top choice for Taiwanese investments, minister claims

11 Apr '24
1 min read
Vietnam top choice for Taiwanese investments, minister claims
Pic: Adobe Stock

Insights

Deputy minister of Planning and Investment Tran Duy Dong claimed in 2023, investment capital from Taiwan into Vietnam marked four time increase compared to 2022 even as Taiwan currently ranks fourth out of 105 countries in terms of investing in Vietnam.

He maintained this at the commencement of the Vietnam-Taiwan Business Forum and the Vietnam-Taiwan Trade and Investment Promotion 2024 International Exhibition held recently at the National Convention Center.

Organised by DVL IPT Investment and Trade Promotion Joint Stock Company in collaboration with the World Taiwan Trade Council (WTCC), the event attracted leaders from ministries, branches, experts, and businesses involved in industrial park infrastructure, logistics, production facilities, distributors, and export businesses nationwide.

Notable participants included Deep C Industrial Park, Green Ipark Industrial Park, Bao Minh Industrial Park, Hoa Phat Industrial Park, Vigracera, BIDV Bank Tay Ho branch, Hop Luc Construction Company, and DVL Ventures ecosystem.

Tran Duy Dong emphasised the positive and deepening economic cooperation between Vietnam and Taiwan, highlighting Vietnam’s emergence as a leading investment destination for Taiwanese businesses.

With nearly 3,200 projects and total registered capital exceeding $39.5 billion, Taiwan ranks fifth in bilateral trade, showcasing its significant investment presence in Vietnam.

Fibre2Fashion News Desk (DR)