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Subject: Taiwan-Vietnam Economic Relati...
Content: Taiwan-Vietnam Economic RelationsTradeTaiwan and Vietnam share a close and steadily growing bilatera...

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Taiwan-Vietnam Economic Relations

Source:First Bilateral Trade Division
Revise Date:2020-05-29

Taiwan-Vietnam Economic Relations

Taiwan and Vietnam share a close and steadily growing bilateral trade relationship.

According to statistics from our Customs Administration, bilateral trade between Taiwan and Vietnam totaled US$16 billion in 2019, for an increase of 10.9% over 2018, making Vietnam our 7th largest trading partner. Meanwhile, Taiwan became Vietnam’s 6th largest trading partner.
According to statistics from the Ministry of Planning and Investment in Vietnam, from 1988 to February 2020, Taiwan’s FDI to Vietnam amounted to US$32.44 billion, making Taiwan Vietnam’s 4th-largest source of FDI. Taiwan’s major investments in Vietnam are in processing , manufacturing , architecture, real estate, and etc.
According to statistics from our Investment Commission, up to 2019 Vietnam has invested around 63 million US dollars in Taiwan, with the major targets for investment being wholesale and retailing, manufacturing, accommodation and food service, etc.
Industrial Cooperation
To further deepen collaboration between our respective industries, the Chinese National Federation of Industries (CNFI) of Taiwan and the Vietnam Chamber of Commerce and Industry (VCCI) held the 2019 Taiwan-Vietnam Industrial Collaboration Summit in Ho Chi Minh City,Vietnam on July 2, 2019. This summit was an industry-led event, attended by government officials and industry leaders to discuss collaboration in the fields of textiles, smart city and basic light industry technologies.



Published Date:2020-05-29