Exports to Hong Kong, Macau grow high

Feb 16, 2015 / 05:17 PM

Vietnam’s exports to China’s special administrative regions of Hong Kong and Macau grew impressively last year, said Hoang Chi Trung, Consul General to Hong Kong and Macau.

Bilateral relations between Vietnam and Hong Kong were negatively affected by China’s illegal deployment of the oil rig Haiyang Shiyou 981 in Vietnam’s Exclusive Economic Zone and continental shelf. However, the two sides have made significant effort to improve bilateral trade value. Vietnam’s exports to Hong Kong hit US$5.2 billion last year, a year-on-year rise of nearly 26.7%. Meanwhile, exports to Macau increased by 17.4% and the number of Vietnamese migrant workers in Macau was also on the rise.
Hong Kong has invested US$3 billion in 99 projects in Vietnam, ranking second among 60 countries and territories directly investing in the country.

After the oil rig Haiyang Shiyou 981 incident, the number of Hong Kong visitors to Vietnam declined significantly, but it has resumed since late 2014.
Trung said this year Hong Kong still serves as a gateway for Vietnamese products to penetrate many countries in the word and remains the leading trade partner of Vietnam.
Besides taking part in relevant seminars, conferences and fairs in Hong Kong and Macau, Vietnam will create a niche for its businesses to access Hong Kong, Macau and other international partners and find outlets for Vietnamese products.
Trung revealed that nearly 100 businesses from Hong Kong and Macau will visit HCM and Danang cities in April to seek cooperative opportunities.

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