With analysts having predicted Vietnam’s economy would rebound by late this year, Taiwanese investors wouldsoon boost investment in Vietnam , a business conference in Ho Chi MinhCity heard on Aug. 10.
About 40 Taiwaneseenterprises specialising in sectors including electronics andelectronic components, automobiles and computers were at the conferenceorganised by the Chinese International Economic Cooperation Associationand the Vietnam Chamber of Commerce and Industry.
With Taiwanese investors interested in doing business in Vietnam , theassociation organised annual trips for them to study the investmentclimate, said delegation head Richard Tang.
Arthur Ting, chairman of CT&D Group which runs three projects inVietnam , encouraged Taiwanese firms to invest in a country he said wasideal for investment.
Tang urged Vietnam to quickly improve its infrastructure, train highlyskilled workers and clear land to better meet foreign investors’demands. When this was done, more and more investors would come, hesaid.
Phan Huu Thang, director of the Foreign Investment Agency, said Vietnamwould implement open policies and improve its foreign investmentpolicies to catch investment flows when the global financial crisisended.
Thang said he wanted Taiwanese investors to comply with Vietnamese lawswith more focus on improving conditions for workers.
As of last month, Taiwan had invested in more than 2,000 projects inVietnam at a total capital cost of 21.2 billion USD. In terms ofproject numbers, Taiwan ranked top among the 84 countries andterritories investing in the country and second on value.
Dong Nai, HCM City , Binh Duong, Long An and Ha Tinh were among the 10provinces to attract the majority of Taiwan-invested projects.
Taiwanese investors have contributed to Vietnam ’s economic developmentas the majority of their projects used advanced technologies, Thangsaid.
Trade between the countries had significant growth in recent few years,reaching more than 8 billion USD in 2007 and 9.7 billion USD last year.Of the total, 1.4 billion USD came from Vietnamese exports.
The global crisis was blamed for exports to Taiwan falling 28.5 percentto 386 million USD during the first five months of this year./.
About 40 Taiwaneseenterprises specialising in sectors including electronics andelectronic components, automobiles and computers were at the conferenceorganised by the Chinese International Economic Cooperation Associationand the Vietnam Chamber of Commerce and Industry.
With Taiwanese investors interested in doing business in Vietnam , theassociation organised annual trips for them to study the investmentclimate, said delegation head Richard Tang.
Arthur Ting, chairman of CT&D Group which runs three projects inVietnam , encouraged Taiwanese firms to invest in a country he said wasideal for investment.
Tang urged Vietnam to quickly improve its infrastructure, train highlyskilled workers and clear land to better meet foreign investors’demands. When this was done, more and more investors would come, hesaid.
Phan Huu Thang, director of the Foreign Investment Agency, said Vietnamwould implement open policies and improve its foreign investmentpolicies to catch investment flows when the global financial crisisended.
Thang said he wanted Taiwanese investors to comply with Vietnamese lawswith more focus on improving conditions for workers.
As of last month, Taiwan had invested in more than 2,000 projects inVietnam at a total capital cost of 21.2 billion USD. In terms ofproject numbers, Taiwan ranked top among the 84 countries andterritories investing in the country and second on value.
Dong Nai, HCM City , Binh Duong, Long An and Ha Tinh were among the 10provinces to attract the majority of Taiwan-invested projects.
Taiwanese investors have contributed to Vietnam ’s economic developmentas the majority of their projects used advanced technologies, Thangsaid.
Trade between the countries had significant growth in recent few years,reaching more than 8 billion USD in 2007 and 9.7 billion USD last year.Of the total, 1.4 billion USD came from Vietnamese exports.
The global crisis was blamed for exports to Taiwan falling 28.5 percentto 386 million USD during the first five months of this year./.
