Taiwanese Industrial and Commercial Development Association President Vincent Yen and Deputy Minister of Industry and Trade Do Huu Hao made the statements during their meeting in Hanoi on November 20.

The Taiwanese Association President said Vietnam’s young labour force, various attractive investment projects and plans to develop infrastructure are good reasons for Taiwanese entrepreneurs to expect to find good investment opportunities in the country.

Deputy Minister Hao said the Vietnamese Government always encouraged foreign investors’ operation by providing them with simplified administrative procedures, income tax reduction or exemption and preferential land rental.

He added that Vietnam is calling foreign investment in energy, oil and gas exploration and exploitation, motorbike and automobile spare part manufacturing, electronics and telecommunications production and infrastructure construction.

According to the visiting President, his association boasts more than 1,000 members which have contributed 50% to Taiwan’s GDP.