Taiwan fourth-largest foreign investor in Vietnam, investing US$28.66 billion
From 1988 to May this year, Taiwan businesses had invested US$28.66 billion in Vietnam, making Taiwan the fourth largest foreign investor in the Southeast Asian country, according to statistics from Taiwan’s representative office in Vietnam.
South Korea is the largest foreign investor in Vietnam, with investments of US$38.73 billion.
In second place is Japan, with US$37.65 billion, followed by Singapore, with US$33.15 billion.
In the first five months of this year, Taiwanese investment approved by the Vietnamese government totaled US$114.44 million, the seventh highest among all foreign investors.
The top six investors for the first five months of the year were South Korea (US$755.87 million), Turkey (US$660.25 million), the British Virgin Islands (US$441.79 million), Japan (US$230.26 million), Singapore (US$152.38 million) and Hong Kong (US$129.20 million). ( ) rose 2.75 percent to close at NT$63.60, Cathay Financial Holding Co. ( ) increased 1.73 percent to end at NT$53, and Mega Financial Holding Co. ( ) closed 0.72 percent higher to finish at NT$28.
Among electronics high-caps, Hon Hai Precision Industry Co. ( ) climbed 2.75 percent to close at NT$97.20, and Delta Electronics Inc. ( ) closed 3.75 percent higher at NT$166.
Foreign institutional investors bought a net NT$3.14 billion in shares on Monday.