Vinh Long's leaders hold dialogue with Taiwanese investors
The Mekong Delta province of Vinh Long on October 21 held an online dialogue with investors from Taiwan (China).
Chairman of the provincial People's Committee Lu Quang Ngoi said that as of September 20, Taiwanese investors had ranked 4th out of 141 countries and territories pouring capital into Vietnam, with 2,831 valid projects worth US$35.03 billion.
In Vinh Long, there are currently 67 valid FDI projects worth US$779 million, coming from 18 countries and territories. Taiwanese investors are running seven projects, with a total investment of US$237.31 million, mainly in processing and manufacturing.
Ngoi said that one of Vinh Long’s top priorities now is to focus on calling for investments in infrastructure projects in industrial zones and clusters, and high-tech agricultural projects in order to bring into full play the province’s strengths.
He affirmed that, coming to Vinh Long, investors will find a stable, open and transparent business and investment environment with a dynamic, creative and friendly administration apparatus.
Vinh Long is willing to listen to enterprises’ ideas and recommendations, and is stepping up administrative procedure reform, and taking measures to better the business and investment environment, he added.
Chang Wen Chung, Head of the Economic Division under the Taipei Economic and Cultural Office in Ho Chi Minh City, said that the COVID-19 pandemic has not yet affected the desire of Taiwanese businesses to invest in Vietnam. If Vietnamese provinces and cities can provide cleared land, have investment incentives, and ensure infrastructure for electricity, water, roads and labour, many Taiwanese businesses will surely invest in projects in the country, he added.
Particularly in Vinh Long, investment projects of Taiwanese enterprises remain modest, which shows that there is still large room for investment, according to the official.
In the coming time, the office is ready to coordinate with the province's authorities to organise investment workshops, and fact-finding trips in Vinh Long and encourage businesses to invest in the locality, he added.