Taiwanese firms study investment chances in Vinh Long

Deputy Chairman of the provincial People’s Committee Le Quang Trung speaks at the event (Photo: VNA)

Vinh Long – The Vinh Long People’s Committee on March 4 hosted a business delegation from Taiwan (China), who came to learn about opportunities for investing in the Mekong Delta province.

Participating Taiwanese firms are operating in different fields including the production of footwear and sport gear production, and processed agricultural products.

Deputy Chairman of the provincial People’s Committee Le Quang Trung said Vinh Long is committed to accompanying and fully implementing its responsibilities for investors, particularly in helping them tackle difficulties and creating a favourable business climate.

In 2021, despite being affected by the COVID-19 pandemic, the province still granted investment registration certificates to 12 projects worth 4.052 trillion VND (177.41 million USD). Currently, it has 67 valid FDI projects valued at 779 million USD; seven of which are invested by Taiwanese investors with total investment of about 237.31 million USD.

According to Vu Xuan Dang, vice director of the Ministry of Planning and Investment (MoIT)’s southern investment promotion centre, Taiwanese investors are currently interested in Vinh Long’s sectors of seafood processing, leather and footwear, agriculture, energy, and services.

The centre will stand side by side with them for their smooth and legal investment in the province and in the southern region, he said.

Chang Wen Chung, director of the Taipei Economic and Cultural Office in Ho Chi Minh City, said if Vinh Long continues to improve its infrastructure such as electricity, water, transportation, and labour resources as well as support investment incentives, more Taiwanese businesses will choose to invest in the locality.

At the meeting, two Taiwanese enterprises signed documents showing their commitment to investing in Vinh Long. Earlier, the Taiwanese business delegation visited a number of projects, which are calling for investment in the province.