Vietnam replaces UK as Taiwan’s 9th debtor at end of Q3

Taipei, Dec. 25 (CNA) Vietnam became Taiwan’s ninth-largest debtor at the end of the third quarter, as rising tensions between Washington and Beijing prompted many businesses to relocate to the Southeast Asian country. is, boosting demand for funds, according to the Taiwan Central. Bank.

Data released by the central bank on Friday showed that at the end of the July-September period, loans extended to Vietnam by Taiwanese banks soared to $14.86 billion from $13.49 billion at the end of the month. end of the second quarter, on a direct risk basis.

With the increase, Vietnam replaced the UK as Taiwan’s ninth largest debtor, the central bank said.

At the end of the third quarter, the UK’s debt to Taiwanese banks stood at $14.56 billion, the 10th highest on a direct risk basis, compared to $13.99 billion in the previous quarter, according to central bank data.

On an ultimate risk basis, which calculates a country’s consolidated debt after risk transfers, Vietnam’s debt to Taiwanese banks was $12.26 billion, while the UK’s was $10. .31 billion, at the end of the third quarter, according to the data.

Pan Ya-hui (潘雅慧), deputy director of the central bank’s examination department, said demand for financing is increasing in Vietnam as more companies seek to relocate their investments there from China.

Interbank loans in Vietnam increased in the third quarter, while syndicated loans also increased, amid higher demand for funding, Pan said.

At the end of the third quarter, international claims of Taiwanese banks stood at 512.2 billion dollars, up 1.61 percent from the previous quarter, thanks to an increase in loans granted to their foreign counterparts. said the central bank.

The United States remained the largest debtor to Taiwanese banks at the end of the third quarter, with loans totaling $116.32 billion, compared to $113.28 billion at the end of the second quarter, on a risk basis. live, according to the data.

The second-largest debtor to Taiwanese banks was China, with loans of $58.77 billion, up from $56.78 billion at the end of the second quarter on a direct risk basis.

Luxembourg was third with US$43.00 billion on a direct risk basis, followed by Hong Kong (US$36.17 billion), Japan (US$33.74 billion), Australia ( US$25.18 billion), Cayman Islands (US$18.95 billion), Singapore (US$16.93 billion). billion), the United Kingdom and Vietnam.

Loans extended by Taiwanese banks to the top 10 debtors totaled $378.5 billion, accounting for 73.90 percent of total international claims at the end of the third quarter, according to the central bank.

(By Pan Tzu-yu and Frances Huang)

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