Taiwan, Vietnam 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 businesses 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 years 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 hit US$21,700 million and in the first eight months of the year, two-way trade reached US$5,633 million. – VOV

Tags: Vietnam Taiwan Trade

Posted by VBN on Sep 28 2010. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry