As the country’s top foreign investors, the Taiwanese and Koreans said they continued to choose Vietnam as their favorite destination for investment because of its low labor costs and links to other countries.
In the first nine months of this year, Taiwan was the largest foreign investor in Vietnam, followed by Korea, according to the Vietnamese Ministry of Planning and Investment.
Korean investors said they were attracted to a U.S.-Vietnam bilateral trade pact, which provided a channel for Korean-backed exports to the U.S., as well as Vietnam's entrepreneurial spirit.