Taiwan’s total direct investment capital in Vietnam exceeds $31 billion, primarily focussed on production and processing, and significantly contributing to the country’s export revenue, particularly of garment-textile and footwear, Vietnam Chamber of Commerce and Industry (VCCI) president Vu Tien Loc told a forum in Ho Chi Minh City recently.
Wang Wen-yuan, chairman of Taiwan’s Chinese National Federation of Industries, said Vietnam is an investment destination Taiwan has targeted in its development strategy. Taiwan wants to invest in garment-textile, footwear and support industry in Vietnam in the time ahead, he added.Taiwan's total direct investment capital in Vietnam exceeds $31 billion, primarily focussed on production and processing, and significantly contributing to the country's export revenue, particularly of garment-textile and footwear, Vietnam Chamber of Commerce and Industry (VCCI) president Vu Tien Loc told a forum in Ho Chi Minh City recently.#
Vu Duc Giang, president of the Vietnam Textile and Apparel Association (VITAS), said VITAS hopes to soon set up an information exchange channel with Taiwanese garment-textile firms in Vietnam to connect supply sources of materials with the local garment-textile sector, according to a news agency.
Giang called on Taiwanese businesses to increase investments in yarn, weaving and dying steps in Vietnam to ease the country’s shortage of materials. (DS)
ALCHEMPro News Desk – India
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