Investment from China’s Taiwan in Vietnam is expected to surge in the coming time with the territoriy’s “Look South” policy, a business executive has said.
Director-General of the Taipei Economic and Cultural Office in HCM City Liang Guang Chung (Photo: giadinhvatreem.vn)
HCM City (VNA) ღ– Investment from China’s Taiwan in Vietnam is expected to surge in the coming time with the territoriy’s “Look South” policy, a business executive has said.
Speaking at a workshop held in Ho Chi Minh City on September 23, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said two-way trade has developed strongly to surpass 13 billion USD in 2015, of which over 2.1 billion USD was Vietnam’s export value.
Two-way trade this year stood at 7.1 billion USD as of July.
China’s Taiwan is one of the leading investment partners of Vietnam with 2,500 projects worth more than 32 billion USD.
In 2015, Vietnam welcomed over 438,000 Taiwanese tourists and 300,000 in the first seven months of this year.
Taiwan is also one of the most popular destinations for Vietnamese travellers with over 150,000 visitors over the past time.
Director-General of the Taipei Economic and Cultural Office in HCM City Liang Guang Chung said Taiwan is focusing on developing MICE (meetings, incentives, conferences and exhibitions) tourism services.
He added that there is great potential for cooperation in the field between Taiwan and Vietnam.
At the workshop, participants studied Taiwan’s incentives for MICE and medical care tours, procedures to get visa to Taiwan and preferential health care cost at Taiwanese hospitals.-VNA
The 20th Vietnam-Taiwan Joint Business Council Meeting took place on October 15 in Ho Chi Minh City to promote trade and investment cooperation between the two sides.
An increasing interest in the Vietnamese market has been noticed among Taiwanese investors, Director General Berton B.C. Chiu of the Department of Investment Services under the Ministry of Economic Affairs, Taiwan (China) said to Dau Tu (Investment Review).
The 2015 Vietnam-Taiwan forum for digital technology was held on July 7 in Ho Chi Minh City to discuss the era of digital economy with a focus on cloud banking services and e-commerce.
Economic and trade cooperation between Vietnam and Taiwan (China) has strongly expanded in recent years, with two-way trade in 2015 hitting 13 billion USD.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Director-General of the Taipei Economic and Cultural Office in HCM City Liang Guang Chung (Photo: giadinhvatreem.vn)
