September 07, 2008

Taiwanese firms eying opportunities at Quang Ngai in Vietnam

Vietnam’s Nhan Dan reported that a group of 72 companies from Taiwan has arrived in the central province of Quang Ngai to seek investment opportunities in the province, especially at the Dung Quat Economic Zone.

At a meeting with Mr Nguyen Xuan Hue chairman of Quang Ngai People’s Committee on September 13th 2007, Mr Chun Chi Chen, representing for the Taiwanese business delegation said that they highly appreciated the much improved investment environment in Vietnam, adding that Vietnam is among the most attractive investment destinations in Asia. He also appreciated the role of coastal economic zone in the central region in Vietnam, especially the Dung Quat Economic Zone.

According to Mr Chun Chi Chen, the JV between two Taiwanese enterprises, Tycoons and E United, to produce steel with a total investment capital of USD 1.8 billion which is scheduled to be started this October was a momentum for other Taiwanese to invest in Dung Quat in the coming period.

Mr Nguyen Xuan Hue pledged that Quang Ngai would create all favorable conditions for Taiwanese enterprises to seek investment opportunities in Quang Ngai in general and in Dung Quat Economic Zone in particular.