Mon, Feb 26, 2007 - Page 12 News List

Industry association to visit Vietnam

STAFF WRITER

The Chinese National Association of Industry and Commerce (CNAIC, 工商協進會) is scheduled to lead a group of more than 50 businesspeople in April to examine the investment environment in Vietnam, its chairman said on Saturday.

"We are optimistic about the strong demand by Vietnam's 85 million population and its preferential tariffs, which will serve as a stepping stone to other ASEAN countries," CNAIC chairman Theodore Huang (黃茂雄) said in a report published by the Chinese-language Economic Daily News on Saturday.

This will be the first time since its creation in 1952 that the association arranges a trip to the fast-developing Asian country, the paper said.

The Taipei-based non-profit association is one of the nation's top business groups, with approximately 1,350 members, the association's Web site said.

Huang, who also chairs the Teco Group (東元集團), said that home appliances manufacturers including Teco and Tatung Co (大同) have substantial investments in Vietnam.

Many Taiwanese companies have established manufacturing operations there to turn it into a gateway to countries in the region, the paper quoted Huang as saying.

Frank Lee (李敦仁), president of TV maker Kolin Co (歌林), said the company was considering teaming up with Vietnamese businesses to speed up the introduction of Kolin-branded electric appliances to the Vietnamese market.

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