Taiwan leads foreign investors in Vietnam

With 1,940 valid investment projects, worth a total of 19.65 billion USD, Taiwan tops the list of 84 countries and territories investing in Vietnam, since the promulgation of the Foreign Investment Law in 1988.

Three quarters of Taiwanese projects are in industry and construction, numbering 1,460 projects valued at 16.2 billion USD, representing 75. The remaining mainly involve in services, agriculture, forestry and fisheries.

Taiwanese have invested in 55 provinces and cities across the country, but a majority concentrate in Dong Nai, HCM City, Binh Duong, Hai Phong, Long An, Ninh Binh, Vinh Phuc, Hai Duong and Ba Ria-Vung Tau.

According to the Foreign Investment Department, Taiwanese investment projects mainly used high technologies and state-of-the-art equipment, especially those involving in motorbike assembly, production of cement, sodium glutamate, synthetic fiber and electronic parts, farming technology, aquatic products farming and processing.

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