Dong Nai Leadership Gives Taiwanese Economic and Cultural Mission Reception

Vice Chairperson of Dong Nai People’s Committee Tran Minh Phuc met with and had a working session with the mission.

Until October 30, 2011, Dong Nai attracted total investment capital worth US$19.6 from 34 countries and territories. 969 projects have still been active.

Particularly, Taiwan is the leading investor with the biggest volume of investment capital and projects in Dong Nai. It has invested in 298 projects worth US$4.2 billion, accounting for 21.6 per cent of local projects.

Taiwan’s projects have hired 70,000 workers including 2,000 foreign ones.

Due to the impact of economic downturn, the flow of investment from Taiwan has slowed down in recent years.  Taiwanese investors’ turnover in 2010 was low, reaching US$1.6 billion.

Among the large-scale projects in Dong Nai are Hung Nghiep Formusa, Vedan, Shingmark Vina, Tacera, Tungkuang, and so on.

Dong Nai leadership meets with Taiwanese’s economic and cultural mission

Surveys show that Taiwanese companies have quickly adapted to Vietnam’s laws and customs, which help them integrate into Dong Nai’s business climate easily.

However, Taiwanese investors in Dong Nai are mainly small-and-medium-sized companies with average technology. Some others fail to safeguard the environment and ensure benefits for workers effectively. So, in the forthcoming time the province will encourage Taiwan’s high-tech large-scale companies to invest in Dong Nai.

Mr. Liang thanked the provincial leadership for warmly welcoming the mission. He said that the mission’s visit to Dong Nai aimed to explore business and production activities to find out how to continue pouring more investment into Vietnam.

Mr Liang hoped that Dong Nai leadership would facilitate Taiwanese companies’ investment in Dong Nai, especially deal with such issues as the shortage of labor and electricity, and local workers’ mass strike.

Reported by Phuong Linh, Translated by Duy Minh