Taiwanese trade mission comes knocking

Taiwanese entrepreneurs and Vietnamese partners at the meeting in HCMC on Monday - Photo: Thu Nguyet

HCMC - A trade mission representing 66 Taiwanese enterprises had a business-to-business meeting with HCMC partners on Monday to sound out trade opportunities.

They are operating in many industries, including beauty products, household devices, energy, trading, and environment protection products. The Taiwanese companies also had an exhibition of their products.

Vietnam is an important market for Taiwanese goods after Hong Kong and Chinese mainland.

In the first seven months of this year, bilateral trade between Vietnam and Taiwan amounted to US$4.6 billion and is expected to reach US$10 billion in the whole year. Vietnam’s imports from Taiwan increased 8.5% to more than US$3.8 billion while exports totaled US$785 million, up 34.2%.

Taiwan is also among the biggest foreign investors in Vietnam, with 2,130 projects having been licensed in the country with total registered capital of more than US$22 billion between 1988 and now. In the first seven months of the year, Vietnam has issued investment licenses to 51 Taiwanese-invested projects worth a total US$870 million.

Related Articles

• Taiwanese trade mission comes knocking
• Cashew traders yet to embrace trading center system
• Italian businesses eye investments
• Green cars begin world race
• PM foresees bright future for co-operation with Africa

Taiwanese trade mission comes knocking

Taiwanese entrepreneurs and Vietnamese partners at the meeting in HCMC on Monday - Photo: Thu Nguyet

HCMC - A trade mission representing 66 Taiwanese enterprises had a business-to-business meeting with HCMC partners on Monday to sound out trade opportunities.

They are operating in many industries, including beauty products, household devices, energy, trading, and environment protection products. The Taiwanese companies also had an exhibition of their products.

Vietnam is an important market for Taiwanese goods after Hong Kong and Chinese mainland.

In the first seven months of this year, bilateral trade between Vietnam and Taiwan amounted to US$4.6 billion and is expected to reach US$10 billion in the whole year. Vietnam’s imports from Taiwan increased 8.5% to more than US$3.8 billion while exports totaled US$785 million, up 34.2%.

Taiwan is also among the biggest foreign investors in Vietnam, with 2,130 projects having been licensed in the country with total registered capital of more than US$22 billion between 1988 and now. In the first seven months of the year, Vietnam has issued investment licenses to 51 Taiwanese-invested projects worth a total US$870 million.

Related Articles

• Taiwanese trade mission comes knocking
• Cashew traders yet to embrace trading center system
• Italian businesses eye investments
• Green cars begin world race
• PM foresees bright future for co-operation with Africa

Taiwanese firms seek opportunities

HCM CITY — A 63-member Taiwanese business delegation seeking partners and investment opportunities met several Vietnamese enterprises in HCM City yesterday.

Wayne W Wu, deputy chairman of the Taiwan External Trade Development Council (TAITRA) said Taiwanese businesses specialising in consumer goods, green energy, electronics, cars and other sectors attended the meeting.

The Taiwanese delegation is in Viet Nam as part of a mission to Southeast Asian nations.

TAITRA plans to develop the high quality consumer goods market in developing countries, of which Viet Nam is an important part, Wu said.

Last year, Viet Nam was Taiwan's 13th largest trading partner. In the first eight months of this year, bilateral trade between the two sides reached US$5.6 billion. Taiwan's investment in Viet Nam has been $21.7 million so far.

Jerry S K Yang, director general of the Taipei Economic and Cultural Office in HCM City, said Viet Nam now faces serious electricity shortages, and this has had huge impacts on production and daily use.

Energy saving and renewable energy source development have therefore attracted much attention from the Government and local businesses, he said.

Taiwanese businesses can offer environmentally friendly products and technology to help Vietnamese firms increase their energy savings, he added.

He stressed that for Taiwan, Viet Nam was a strategic partner and one of its largest export markets after China and Hong Kong.

Vo Tan Thanh, director of HCM City Branch of the Viet Nam Chamber of Commerce and Industry said with a high GDP growth rate of 7-7.5 per cent, Viet Nam was an ideal market for foreign investors, including Taiwanese businesses.

The nation's GDP growth rate reached 5.8 per cent and 6.4 per cent in the first and second quarters of this year. It is expected to reach 6.5-7.5 per cent by the end of this year. — VNS

Related Articles

• Small firms steered towards higher interest consumer loans
• Power firms may be given more freedom in pricing
• Japan ICT companies back to Vietnam for business
• NA to review draft price management law
• IFC: Vietnam needs to increase PPP to support economy