The Taiwan Trade Centre (Taitra) holds many activities in Viet Nam. — VNS Photo

HCM CITY (Biz Hub) – Executives from 46 Taiwanese companies are in HCM City looking for distributors and franchisees to sell their products in the country.

At an exchange organised on Thursday 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.

She added that a similar exchange had been organised a few months ago, and it was extremely successful.

Many Vietnamese companies saw the benefit in co-operating with Taiwanese companies and approached Taitra looking for more opportunities, she told Biz Hub.

Trade ties between Viet Nam and Taiwan are on the upswing, more than 6 per cent year-on-year in the first eight months of this year to US$7.5 billion.

Viet Nam's exports were worth nearly $1.7 billion, a 14 per cent jump, while its imports rose 4 per cent.

Viet Nam has a trade deficit of $4.1 billion with Taiwan, but the figure is gradually reducing. — VNS