, Volume 29, Issue 4, pp 355-376
Date: 25 Nov 2012

Taiwan’s Economic Diplomacy in Vietnam from the 1990s to the Early Twenty-First Century

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Abstract

In Vietnam, Taiwanese (In this article, 'Taiwanese' refer to all the citizens in Taiwan, although Taiwanese may not be a perfect usage for all the inhabitants in Taiwan. For example, some 400,000 natives of JinMen County live and work in Taiwan Province who might not identify with Taiwan Province. Also, many Vietnamese women in the ROC marry 'Taiwanese.' Perhaps it will take a few decades, if not longer, for all the inhabitants in Taiwan to identify with "Taiwanese.") businesses have led the Taipei government in the movement to ‘Go South.’ They have served as pioneers, surrogates and middlemen for Taiwan’s economic diplomacy in Vietnam. Vietnam's 'Doi Moi' (Open Door) policy, inaugurated in December 1986, encouraged greater openness to economic investment from abroad. Compared with China, Vietnam enjoys the privilege of better access to the European market. Vietnam has become the only country in Southeast Asia that can parallel China in terms of trade and investment at the turn of the century.