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Taiwan, Vietnam move to increase trade ties
A trade exchange to promote trade for Taiwanese businesses in Vietnam market and other ASEAN markets opened in Ho Chi Minh City on September 27.
The event was held by the Taiwan External Trade Development Council (TAITRA) and the Vietnam Chamber of Commerce and Industry in Ho Chi Minh City (VCCI-HCMC).
Attending the event were 63 leading Taiwanese businses in cosmetics, household appliances, trade, electricity, energy and environment along with 100 Vietnamese businesses. They said it is a good opportunity for the two sides to share experiences and seek out partners.
At the event, Wayne Wu, Deputy Chairman of the TAITRA and Vo Tan Thanh, Director of the VCCI-HCMC, spoke highly of bilateral trade ties between Taiwan and Vietnam over the past time and expressed their belief that the relationship will continue to develop in the near future.
Wayne Wu said that Vietnam is Taiwan’s important trade partner and largest importer, followed by mainland China and Hong Kong. So far, the Taiwanese total investment in Vietnam has reached 21,700 million USD and in the first eight months of the year, two-way trade reached 5,633 million USD.
VCCI-HCMC’s Director Vo Tan Thanh said that at present, Taiwan (China) is the largest investor in Vietnam, both in registered capital and the number of projects.
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