Taiwan (China) has invested $40.23 billion in 3,186 projects in Vietnam as of June, 2024, ranking fourth among countries and territories investing in the country.

Taiwanese firms invested in 39 new projects in Vietnam in the first six months of the year with a total registered investment capital of $513.37 million, accounting for 49% of Taiwan (China)’s total FDI during the period.

Investment focused on electronics, garments and textiles and electrical equipment.

Southern Ba Ria-Vung Tau province attracted the majority of the investment value with $264.1 million, or 51% of the total, followed by central Thanh Hoa province and northern Ha Nam province.

According to Mr. John Campbell, Deputy Director and Head of the Industrial Services Division at Savills Vietnam, Taiwanese investors were also attracted by the young workforce with high skills of Vietnam, stable business environment, competitive labor and construction costs and Vietnam’s location which is near resources and consumption markets.

Additionally, Vietnam’s active participation in free trade agreements (FTA) has also made it attractive to Taiwanese investors,  Mr. Campbell noted.