Pham TaN CONg

Taiwanese investment over the past 35 years has undergone a qualitative change, shifting from labour-intensive industries such as textiles, leather, and wood in the 1990s to electronics and high technology.

Major Taiwanese electronics corporations such as Foxconn, Wistron, Quisda, and Pegatron have all invested in Vietnam, signalling positive cooperation between the two economies.

In recent years, despite global economic difficulties, economic, trade, and investment relations between Vietnam and Taiwan have continued to grow. While global investment trends are declining, investment from Taiwan and Vietnam saw a significant increase in 2023 compared to 2022. This indicates

that Taiwanese investment in Vietnam will continue to trend upwards in the coming years.

Vietnam’s economy has maintained a high growth rate for nearly 40 years and continues to show bright prospects. Vietnam’s GDP scale in 2023 ranked among the top 40 in the world, international trade scale ranked among the top 20, and Vietnam consistently ranks in the top 10 globally in attracting foreign direct investment. Vietnam’s business environment is consistently a focus for improvement to provide the best conditions for investors.

Vietnam is also currently considered a crucial link in the trend of global production and supply chain shifts, especially in high-tech electronics. The government’s direction towards digital transformation and building a green economy is also a positive factor that foreign investors in Vietnam can leverage.n