The Hong Kong Trade Development Council (HKTDC) will send two delegations to Vietnam between now and January 2018 to explore investment opportunities (Photo vinacorp.vn)
Hanoi (VNA) – The Hong Kong Trade Development Council (HKTDC) willsend two delegations to Vietnam between now and January 2018 to explore investmentopportunities.
In addition to traditional fields, such as clothing, real estate,agro-forestry-fisheries, Hong Kong investors are looking to fund infrastructureand waste treatment in the form of public-private partnership (PPP) models, theVoice of Vietnam cited Tina Phan, Director of Indochina at HKTDC, as saying.
The director said she hoped when the ASEAN-Hong Kong Free Trade Agreement goesinto effect, it will open up huge opportunities and her council will send morebusiness delegations to Vietnam to study opportunities.
Vietnam is the six largest exporter to Hong Kong and a major trade partner.Over the past nine months, Vietnam exported 5.5 billion USD worth of goods toHong Kong, up 23.4 percent year-on-year, while its imports rose 25 percent to1.3 billion USD.
Hong Kong is also among Vietnam’s leading sources of foreign direct investment(FDI). From January to September, FDI capital from Hong Kong ranked sixth witha total of 1.19 billion USD.-VNA
With the ASEAN nations’ agreement to discuss Hong Kong’s participation in the ASEAN-China Free Trade Area as a separate entity, Hong Kong-Vietnam relations will continue to grow, contributing to the development of the Tonkin Gulf Economic Belt, particularly the Hong Kong-Guangxi-Vietnam triangle.
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