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.

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 cooperating with Taiwanese companies and approached Taitra looking for more opportunities, she said.

Trade ties between Vietnam and Taiwan are on the upswing, more than 6 percent year-on-year in the first eight months of this year to 7.5 billion USD.

Vietnam's exports were worth nearly 1.7 billion USD, a 14 percent jump, while its imports rose 4 percent.

Vietnam has a trade deficit of 4.1 billion USD with Taiwan, but the figure is gradually reducing.-VNA