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