Bilateral trade turnover between Vietnam and Taiwan reached 5.4 billion USD in the first half of the year, a year-on-year increase of 4.7 percent.

At a trade promotion event organised in Ho Chi Minh City on July 29, it was reported that Vietnam earned 1.03 billion USD from exports to Taiwan, up by more than 11 percent compared to the same period last year.

Vietnam imports mostly steel iron and cloth from Taiwan, while exports are mainly garments and textiles, rubber and seafood.

Bui Hoang Yen, Deputy Director of the Vietnam Trade promotion Agency’s representative office in HCM City said at the conference that Taiwan continued to be one of the country’s major trade partners.

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

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

The annual event was organised by the Taiwan External Trade Development Council (TAITRA), a nonprofit trade and investment promotion organisation.-VNA