Dozens of Hong Kong groups to explore investment opportunities in Vietnam
As many as 30 leading corporations from Hong Kong (China) led by Lee Ka-Chiu, chief executive of the Hong Kong Special Administrative Region, will visit Hanoi from July 31 to August 1 before heading to Ho Chi Minh City on August 1 – 2 to seek investment opportunities, according to the Hong Kong Trade Development Council.
These companies are currently operating in fields such as finance and insurance, innovation and technology, professional services, infrastructure, transportation, energy, and hotels.
Dr Peter K N Lam, chairman of the Hong Kong Trade Development Council, emphasised that the visit is to foster mutual relations and further enhance economic ties between Hong Kong (China) and the ASEAN region as a whole.
The visit will also seek to facilitate discussions on co-operation between Hong Kong (China) and Vietnam and to help Vietnamese enterprises to utilise the dynamic start-up ecosystem that exists in emerging areas in Hong Kong (China), such as innovation and technology, sustainable development, and green finance.
The discussions will focus on strategies on market entry and overseas investment opportunities for enterprises based in Hong Kong.
Last year witnessed Vietnam make up Hong Kong’s fifth largest export market and be their largest market in the ASEAN region.
In 2021, Vietnam was Hong Kong’s seventh largest trading partner with two-way trade turnover reaching US$13.62 billion, of which Vietnamese exports rose by 14.9% to US$12 billion.
Major Vietnamese export items included processed and manufactured commodities, garments and textiles, footwear, and agro-forestry-fisheries products.
Source: VOV
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