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Subject: Taiwan-Vietnam Economic Relati...
Content: Taiwan-Vietnam Economic Relations TradeTaiwan and Vietnam share a close and steadily growing bilater...

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Taiwan-Vietnam Economic Relations

Source:First Bilateral Trade Division
Revise Date:2019-01-22

Taiwan-Vietnam Economic Relations

 

Trade

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$14.5 billion in 2018, for an increase of 6.5% over 2017, making Vietnam our 9th largest trading partner. Meanwhile, Taiwan became Vietnam’s 5th largest trading partner.

 

In July 2018, the "Taiwan EXPO" was held in Vietnam to promote exchanges in the fields of industry, education, tourism and culture. It attracted more than 26,000 visitors and will certainly create more opportunities for future cooperation between Taiwanese and Vietnam companies.

 

Investment

According to statistics from the Ministry of Planning and Investment in Vietnam, from 1988 to November 2018, Taiwan’s FDI to Vietnam amounted to US$31.37 billion, making Taiwan Vietnam’s 4th-largest source of FDI. Taiwan’s major investments in Vietnam are in textiles, electronics, chemicals, furniture, machinery, etc.

 

According to statistics from our Investment Commission, up to 2018 Vietnam has invested around 63 million US dollars in Taiwan, with the major targets for investment being wholesale and retailing, 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 2018 Taiwan-Vietnam Industrial Collaboration Summit in Taipei on October 15, 2018. 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:2019-01-22