15:11 | 31/05/2017 Economy
The southern province of Dong Nai will try its best to create optimal conditions for Taiwanese businesses, said Tran Van Vinh, Vice Chairman of the provincial People’s Committee.
|At the dialogue - Photo: baodongnai.com.vn|
The official made the commitment at a dialogue with Taiwanese enterprises on May 30 to clear up their concerns while operating in the locality.
At the event, many Taiwanese firms raised queries regarding work permit exemption and energy labelling, along with issues on local transport and health insurance.
Vinh praised the Taiwanese businesses for creating jobs, helping spur the local economy in a sustainable manner.
Zhang Cuifen, deputy head of the Taipei Economic and Cultural Office in Ho Chi Minh City, said Taiwanese investors have begun their operation in Vietnam since 1988 with Dong Nai as their first destination.
In 2016, Dong Nai took the lead nationwide in attracting Taiwanese investors, she said, noting that Taiwanese investment projects have been expanding beyond production to health care.
The Taiwanese enterprises have also closely coordinated with local authorities in education, culture and tourism, she added.
They have to date invested in 286 projects valued at over 5.15 billion USD, focusing on garments-textiles, footwear, electronics, steel and timber products.
In the first four months of this year, the Taiwanese businesses’ export-import turnover exceeded 1.9 billion USD, making up 19 percent of Dong Nai’s total export-import revenue.
They also contributed 902 billion VND (39.7 million USD) to the State budget, accounting for 20 percent of the amount collected by the local Department of Customs during the period.