Taiwan

Vietnam is currently Foxconn’s largest production hub in Southeast Asia.

CEBR’s report estimated by 2035, Vietnam’s nominal GDP is estimated at US$1.59 trillion from the current US$341 billion, a nearly 5-fold increase in a 15-year span.

Foxconn plans to roll out full-scale production in Vietnam and receive the benefits of the recently-signed RCEP.

Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on.

Vietnam’s aviation authority would give permission for airlines to resume flight routes to six major markets namely South Korea, China, Japan, Taiwan, Laos and Cambodia.

These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple.

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.

Vietnam’s market share in US apparel imports is now equal to that of China, which was the largest supplier of products for fashion companies in the US just seven months ago.

Hanoi holds numerous advantages in attracting foreign direct investment (FDI), but the important issue would not be the quantity, but the quality of investment.

Vietnam has repatriated its citizens from Taiwan and Japan several times.