An overview of Vietnam-Hong Kong Business & Investment Matching (Photo: VNA) HCM City (VNA) – There remains room for Vietnam andHong Kong (China) to cooperate in a range offields from trade and investment to services, finance and logistics, heard the Vietnam-Hong Kong Business & Investment Matching held in HoChi Minh City on November 20.
The event was jointly organised by the Institute forEconomics and Trade Development (IETD) in collaboration with the YoungExecutives Club of the Hong Kong General Committee of Commerce (HKGCC) and the VietnamTrade Office in Hong Kong.
Nguyen Van Quan, Chairman of the IETD’s Board of Management, said that trade exchange between Vietnam and Hong Kong is growing over 10% a year. Vietnam exported goods worth 10 billion USD to Hong Kong last year and imported commodities worth 1.78 billion USD fromHong Kong, an year-on-year increase of 19.8%.
Regarding investment, Hong Kong is currently the 5th largestforeign investor in Vietnam, with 2,164 projects capitalised at nearly 29.5 billion USD, focusing on processing and manufacturing industry, real estate, and electricity, gas and water production and distribution.
According to Quan, Hong Kong is also a trade and tourism hub and a majorregional transit centre, and it is considered a very potential market for Vietnamesefood, so opportunities for cooperation and business investment ofVietnamese enterprises in Hong Kong are huge.
Vietnamese enterprises introduce their products on the sideline of the event (Photo: VNA) Bui Dang Dung, former Deputy Chairman of theNational Assembly's Finance-Budget Committee, said Vietnam is a developing open economy and one of the most actively integrating economies in the region. It is fully converging the factors thatinternational investors in general and Hong Kong in particular are interestedin, such as politic stability, wide market and abundant human resources. Meanwhile,Hong Kong, with its strength as a financial and banking centre of the region,can connect Vietnam with the region and with major European and Americancountries, especially in the development of science-technology, innovation,investment cooperation, finance, trade and logistics.
Edmond Yue, a HKGCC member, said the connection of Vietnam and Hong Kong creates good opportunities for prosperous development, adding Hong Kong investors consider Vietnam an attractiveand vibrant market in the region.
Hong Kong businesses are increasingly interested ininvestment and trade cooperation with Vietnam, Yue said, elaboratingthat at the forum, they want to discuss and visit Vietnamese manufacturingꦯplants and projects that are calling for investmentto promote cooperation oppo🐻rtunities./.
