Taiwan second most popular investor in Vietnam: survey

Taiwanese firms still need to improve wages and environmental record: TAEF

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Worker at a Taiwanese factory in Vietnam.

Worker at a Taiwanese factory in Vietnam. (CNA photo)

TAIPEI (Taiwan News) — Taiwan and Taiwanese businesses are the second most popular investors in Vietnam after the Japanese, a survey revealed Wednesday (October 9).

The Taiwan-Asia Exchange Foundation (TAEF, 台亞基金會) had polled Vietnamese on their 10 favorite foreign investors and released the results at the Yushan Forum in Taipei on Wednesday, CNA reported.

Japan finished at the top, Taiwan second, and the United States third, while China ended up near the bottom at ninth.

The survey respondents were 120 senior Vietnamese managers who maintain close relationships with foreign investors and corporations, the TAEF said. They named friendliness, advanced technology, democracy, and freedom as the main draws for Taiwan.

Taiwanese investors valued trustworthiness, respected local laws, and were strong on internationalization, the respondents said.

Apart from electronics and machinery, milk tea has also become a symbol of Taiwan among the Vietnamese public, according to the TAEF.

While 86 percent of survey respondents were willing to deepen relations with Taiwan, they also felt that Taiwanese corporations need to improve wages, social welfare, and care for the environment.