Taiwan

The US is satisfied with the progress made by Vietnam in addressing the former’s concern over trade issues.

A Taiwan submarine was deployed to take part in a drill near the Spratly islands of Vietnam.

The US Treasury of Department would continue its enhanced engagement with Vietnam.

Disbursement of the foreign capital inflow rose by 6.5% to US$4.1 billion during the January-March period.

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.