China’s Taiwan to boost investment in Vietnam

Director-General of the Taipei Economic and Cultural Office in HCM City Liang Guang Chung (Photo: giadinhvatreem.vn)

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./.

Source: VNA