Visitors examine products displayed at the business matching conference (Photo: VNA)
Can Tho (VNA) – A business matching conferencewas held in Can Tho city recently to boost trade and investment links betweenthe Mekong Delta and China’s Taiwan.
Local potential, strengths, investmentopportunities, and priority projects calling for investment were introduced atthe November 11 event, during which information about the Taiwanese market andits standards was also provided.
Taiwan has been a large trade and investmentpartner of Vietnam over the past years.
Between 1988 and September 2020, it poured over33.2 billion USD into 2,771 projects in Vietnam, mostly in processing,manufacturing, and construction, ranking fourth among the countries andterritories investing in the country, following the Republic of Korea, Japan,and Singapore.
Meanwhile, between 1952 and September this year,Vietnamese firms invested 68.51 million USD in 281 projects in the Chineseterritory, mainly in wholesale, retail, machinery production, and accommodationand food services.
Bilateral trade increased 19.4 percent year onyear to 19.56 billion USD in 2019, including over 15.1 billion USD of Vietnam’simports from Taiwan. The figure was over 13.4 billion USD in the first eightmonths of 2020, up 6.2 percent from a year earlier.
Nguyen Thi Phuong Linh, Deputy Director of theCan Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI), saidthere had been 1,699 foreign invested projects worth 23.03 billion USD in theMekong Delta as of the end of 2019.
Taiwan accounted for about 13.6 percent of the totalforeign investment in the region, ranking fourth. Its businesses’ projectsoperate mainly in apparel, processing, manufacturing, and footwear industries.
Director of the Can Tho Department of Industryand Trade Nguyen Minh Toai said via the conference, his city wishes to boostcooperation to promote the export of key agricultural products of the city andthe Mekong Delta like rice, aquatic products, processed farm produce, andcanned fruit. It also hopes to maintain connectivity between foreign businessesand investors and local firms and specialised agencies./.
Vietnam and China should extend the working hours for customs clearance at border gates and restore cross-border trade at markets along the border, Le Hoang Oanh, Director of the Ministry of Industry and Trade (MoIT)’s Asia-Africa Market Department, told an online meeting on August 13.
China is currently Vietnam’s largest import source and second-largest export market, while Vietnam is its northern neighbour’s eighth-largest trade partner. China is also the first trade partner of Vietnam to surpass the 100 billion USD milestone.
The Megabank of Taiwan has applied for permission to open a branch in the northern port city of Hai Phong, according to the Dau Tu (Investment Review) newspaper.
Vietnamese Party General Secretary and State President Nguyen Phu Trong and his Chinese counterpart Xi Jinping consented to step up result-oriented cooperation between the two countries during their phone talk on September 29.
Four round-trip flights are expected to be launched between Vietnam and Taiwan (China) each week after Deputy Prime Minister and Foreign Minister Pham Binh Minh agreed with plans to resume commercial flights between the two sides from September 15, the Ministry of Foreign Affairs' Vice Spokesperson Duong Hoai Nam has said.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
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With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.