The Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday inked a memorandum of understanding (MOU) with Tiki, Vietnam’s second-largest e-commerce platform, in a move to expand digital sales channels for Taiwanese companies in Southeast Asia.
“Vietnamese customers are savvy about what they want,” Tiki founder and customer experience officer Tran Ngoc Thai Son said at a signing ceremony in Taipei, adding that Vietnam is a growing market with great potential.
Cosmetics, such as face masks supplied by Dr Wu Skincare Co Ltd (達爾膚生醫科技), should quickly grab the attention of young Vietnamese, he told the Taipei Times.
“The e-commerce platform should lend firm support to small and medium-sized Taiwanese companies that hope to expand their business in Vietnam, which has a population of more than 90 million people,” TAITRA chairman James Huang (黃志芳) said, citing high market acceptance of Taiwanese-made products in that country.
TAITRA also plans to outline a roadmap for Taiwanese businesspeople to tap into Vietnam’s market, helping them to deal with logistics and cash flow problems when conducting cross-border transactions, Huang said.
The Vietnamese e-commerce operator on Thursday opened a Taiwan Pavilion on its platform, which displays various types of products, ranging from Taiwan’s high mountain tea to garments and home appliances.
This marks another move by the government-backed council to build connections with Southeast Asian e-commerce operators after it teamed up with Blibli.com, the largest online shopping platform in Indonesia.
A Taiwan-themed pavilion on Blibli.com, established in September last year, now offers more than 1,900 items, TAITRA said.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
RSS