Taiwan business group signs MOU with Vietnam Chambers of Commerce
Jul 26, 2017MarketComments Off on Taiwan business group signs MOU with Vietnam Chambers of Commerce
Taiwan and Vietnam are planning on furthering bilateral business cooperation. The Vietnamese Chamber of Commerce and Industry signed a Memorandum of Understanding with the Council of Taiwanese Chambers of Commerce in Vietnam on Tuesday.
Over the past 30 years, over 6000 Taiwanese companies have set up companies in Vietnam.
Taiwan External Trade Development Council Chairman James Huang spoke at the opening ceremony of the Taiwan Expo 2017 in Vietnam on Wednesday. Huang described the next stage of cooperation between Taiwanese and Vietnamese businesses:
"After the ten-country ASEAN Economic Community was established, trade between member countries became tariff-free. Now we have a good foundation in Vietnam. We have many good relationships and many Taiwanese businesses here," Huang said. "We can work together with Vietnamese companies on this foundation to meet the domestic demands of the ASEAN market. I believe this is how we can work with Vietnam in the next stage."
Every year, Taiwanese businesses in Vietnam export US$5 billion worth of goods, accounting for one third of Vietnam's exports.