Vietnam remains attractive destination for Taiwan investors
Following the first wave of investment in the 1990s, a second wave from Taiwanese companies to Vietnam is taking place with a focus on electronics and hi-tech fields.
Following the first wave of investment in the 1990s, a second wave from Taiwanese companies to Vietnam is taking place with a focus on electronics and hi-tech fields.
The Vietnamese government hopes multinationals, including Intel, to support Vietnamese enterprises in joining global value chains.
Year to August 20, 1,797 new projects have been approved with total registered capital of US$9.73 billion, up 6.6% in capital and down 25.3% in the number of project year-on-year.
State firms that have completed the privatization process are expected to float shares on local bourses and create space for more foreign investors to invest in the local stock market.
The issue was raised at a conference held between Vietnamese government agencies and major Japanese enterprises in Vietnam to address their issues.
The nationwide distancing order in the first 15 days of April was one of the key factors leading to GDP growth in the second quarter at just 0.36% year-on-year.
By fulfiling certain criteria, some foreign investors would receive special treatment, said Minister of Planning and Investment Nguyen Chi Dung.
This resulted in a total of 9,853 foreign-invested projects in the country’s industrial parks and economic zones with total registered capital of US$197.8 billion to date.
While a number of supporting policies are in place, the effectiveness of some programs is not up to expectation, said Minister of Planning and Investment Nguyen Chi Dung.
In the first five months of 2020, industrial parks and economic zones drew 390 foreign projects worth US$4.3 billion.