Taiwanese companies display their products to Vietnamese customers. — VNS Photo Le Thu Ngan

HCM CITY (Biz Hub)– Bilateral trade turnover between Viet Nam and Taiwan reached US$5.4 billion in the first half of the year, a year-on-year increase of 4.7 per cent.

Bui Hoang Yen, deputy director of the Viet NamTrade Promotion Agency's representative office in HCM City, said that Taiwan continued to be one of the country's major trade partners.

Speaking at a trade promotion event organised on July 29 in HCM City, Yen said that Viet Nam earned $1.03 billion from exports to Taiwan, up by more than 11 per cent compared to the same period last year.

Meanwhile, the country's import value stood at about $4.4 billion, a year-on-year rise of 13 per cent.

According to Yen, Viet Nam imports mostly steel, iron and cloth from Taiwan, while exports are mainly garments and textiles, rubber and seafood.

At the event, more than 40 companies from new Taipei City showcased their products, including in the fields of green technology, information technology and software. Support industry products were also displayed.

"This is a good opportunity for companies from Viet Nam and New Taipei City to find out about each other and to embark on new projects," Yen said.

Taipei officials at the event said they welcomed Vietnamese businesses and encouraged them to take part in trade promotions in Taiwan.

The annual event is organised by the Taiwan External Trade Development Council (TAITRA), a non-profit trade and investment promotion organisation. — VNS