Companies from Hong Kong are seeking investment opportunities in Vietnam, while many Vietnamese firms consider Hong Kong a bridge that helps them access international customers, a Hong Kong economic e
HCM City (VNA) – Companies from Hong Kong are seeking investment opportuniti𒈔es in Vietnam, while many Vietnamese firms consider Hong Kong a bridge that helps them🤪 access international customers, a Hong Kong economic expert has said.
Ex ecutive Director of Hong Kong Trade Development Council (HKTDC) Margaret Fong made the statement at a workshop in Ho Chi Minh City on June 24, which attracted nearly 60 CEOs and regional directors from Hong Kong’s businesses and representatives from 600 Vietnamese firms.
Fong said through Hong Kong, Vietnamese businesses can enter the Chinese market and Hong Kong’s enterprises can support Vietnamese counterparts in approaching international and online markets.
With over 47 representative offices worldwide, including in HCM City, the HKTDC hopes to contribute to promoting economic cooperation between Hong Kong and Vietnam, she stressed.
Vice Chairman of the Government Office Le Manh Ha affirmed that the Vietnamese Government will create the most favourable conditions for foreign investors, including those from Hong Kong, to operate in the country.
As an important financial and trade centre of Asia and the world, Hong Kong is a potential partner for Vietnamese companies to enhance links, he said.
Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen said the workshop offers a chance for Vietnamese and Hong Kong enterprises to enhance links.
He said the municipal authorities are making every effort to improve the business climate, towards facilitating the operation of foreign enterprises and investors, and those from Hong Kong in particular.
Vietnam is Hong Kong’s ninth largetst trade partner, with two-way trade hitting 16.3 billion USD last year.
Hong Kong ranked sixth among countries and territories investing in Vietnam. As of April this year, Hong Kong’s enterprises have invested 16 billion USD in 1,018 projects in Vietnam, mainly in processing industry, manufacturing, electricity and real estate.
Ho Chi Minh takes the lead in attracting foreign direct investment (FDI) from Hong Kong, with 343 valid projects totaling 2.89 billion USD.-VNA
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
