Taiwan firms explore opportunities in Vietnam
Executives from 46 Taiwanese companies are in Ho Chi Minh City looking for distributors and franchisees to sell their products in the country.
At an exchange organised on October 4 by the Taiwan Trade Centre (Taitra), they showcased products like cosmetics, home appliances, machinery, automobile parts, many of them technologically advanced.
Food, foodstuff, cosmetics, and other companies looking for franchise partners were introduced to Vietnamese companies, the first time Taiwanese franchise opportunities have come up here, a Taitra official said.
Many Vietnamese companies have benefited from cooperating with Taiwanese companies and Taitra is looking for more opportunities, she said.
Trade ties between Vietnam and Taiwan increased more than 6% year-on-year in the first eight months of this year to US$7.5 billion.
Vietnam's exports were worth nearly US$1.7 billion, up 14%, while its imports rose 4%.
Vietnam has a trade deficit of US$4.1 billion with Taiwan, but the figure is gradually reducing.