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Hong Kong firms eye entering Vietnamese market

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
Hong Kong firms eye entering Vietnamese market ảnh 1Illustrative image (Source: VNA)

HCM City (VNA) – Companies from Hong Kong are seeking investment opportunities in Vietnam, while many Vietnamese firms consider Hong Kong a bridge that helps them access internationa🐠l 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
VNA
#Hong Kong #workshop #Vietnamese firms #Margaret Fong #economic cooperation Hong Kong Vietnam

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