Thu, May 11, 2006 - Page 12 News List

TAITRA planning bike, textile fairs in Vietnam

CNA , TAIPEI

The Taiwan External Trade Development Council (TAITRA, 外貿協會) is planning to hold textile and bicycle trade fairs in Vietnam in order to create opportunities for Taiwanese businesses, a spokesman said on Tuesday.

Noting that Japanese academic Kenichi Ohmae has predicted that Thailand, Vietnam and Turkey will enjoy rapid growth and development, a TAITRA spokesman said.

Taiwanese entrepreneurs have a niche in Vietnam's market because they have invested there for years.

According to the spokesman, Vietnam is the fastest growing country in Southeast Asia in recent years, with an average annual growth rate of 7 percent.

Taiwan is Vietnam's top foreign investor, third largest import source and ninth largest trading partner.

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