Taiwan firms eager to invest in Vietnam
(VOV) - Taiwan investors continue to broaden economic trade and investment with Vietnam and leading market analysts are now forecasting the two-way trade turnover between the two nations will peak at US$9.8 billion for the year.
Nearly 50 Taiwanese companies on November 6 arrived in HCM City to meet with representatives of local businesses in hopes of hammering out trade deals in the machinery, industrial equipment, rubber, garment and textile, and footwear industries.
On the occasion, Jeff Hou, a representative from the Taiwan External Trade Development Council (TAITRA), says Vietnam and HCM City are Taiwan’s most important partners in the South East Asian region.
TAITRA attaches great importance to sending delegations to promote investment and trade, Hou adds.
John Tang, Chief Representative of TAITRA in HCM City echoes Hou’s sentiments saying the trade exchanges aim to create favourable conditions for the business communities of the two nations to work out business deals.
Taiwanese businesses now consider Vietnam a priority destination for investment and are particularly interested in investing in the food, culinary, and garment and textile industries