STARTBOARD visited HCMC Taipei Economic and Cultural Office
Thank you Economic Secretary and Director General have shared with us a lot of interesting stories.
Also thank you Mr.Nguyễn Tiến Thành, Project Manager of Taiwan Desk Vietnam for helping us arrange the meeting.
STARTBOARD is looking forward to collaborating with more Vietnam entrepreneurs.
The Vietnam Economic and Cultural Office in Taipei established its presence in Taiwan in 1992 and since then there has been a significant development in Vietnam-Taiwan relations especially in trade, economic, art and cultural and tourism fields. In the area of trade, we have witnessed a substantial growth. Last year, Vietnam-Taiwan trade exceeded US$2.6 billion. There are over 30,000 Taiwanese investors including 900 small and medium enterprises in Vietnam.
An increase of 50 percent in investments from Taiwan was recorded for the period Jan to June this year compared to the same period of last year. Vietnam exports to Taiwan are agricultural and daily commodity products while Taiwan exports to Vietnam are raw materials and machinery . Vietnam offers numerous investment incentives and will continue to be one of Taiwan’s most favorite investment destinations over the years. Vietnam is one of the most attractive places for investors in Asia. Simple processing make it easy for investors to invest.
With a population of 78 million people, an area nine times that of Taiwan, Vietnam offers an abundant labor force and low monthly wages. Vietnamese are hard working people and able to adopt flexibly. Since 1993, Vietnam and Taiwan has signed four agreements namely: protection of Taiwan investors in Vietnam, prevention of double taxation, agricultural and fishing cooperation, research and development, and labor. The two countries have signed an economic accord to further strengthen bilateral trade and economic cooperation.
Taiwanese investors ranked the second biggest investor in Vietnam and include light and medium industry, in manufacturing as well as in the service industry such as hotel, resorts and entertainment field.