Taiwan Expo generates business worth US$98 million in Vietnam

A Cathy Hospital medical booth at the expo (CNA photo)

Taiwan wrapped up a successful 2018 Taiwan Expo in Vietnam on Thursday in Ho Chi Minh City. The expo saw 26,000 visitors and US$98 million in business opportunities.

Taiwan External Trade Development Council Chairman James Huang says Vietnam has been Taiwan’s most important partner in Southeast Asia. Vietnam is the top market in that region for Taiwan’s outbound investments, racking up 37% of the total, or over US$30 billion.

This year’s expo featured a smart city hall, a pearl milk tea hall, an orchid industry forum and electronic and green technology areas. Many visitors were especially interested in green technology. Vietnamese companies also hired Taiwanese companies to help with projects like dealing with waste water at hospitals and industrial sites.

Huang said there is a lot of potential for Taiwanese businesses in the Vietnamese market. Taiwanese companies boast high-end technology and the trade council is helping them find opportunities to use it in Vietnam.