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.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
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CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple
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