Business
Hong Kong expects to boost trade ties with Vietnam
Hong Kong hopes to strengthen the cooperation ties with Vietnam, Chief Secretary of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor shared at a luncheon meeting on “Opportunities for Hong Kong and Vietnam under ASEAN Regional Co-operation” in HCM City on August 16.
Co-chaired by the Chinese General Chamber of Commerce in Hong Kong and the Hong Kong Economic and Trade Office in Singapore, the luncheon attracted over 300 participants.
The annual event aims to explore further opportunities and future development between Hong Kong and ASEAN.
It was held in Kuala Lumpur and Singapore in 2014 and 2015.
Addressing the luncheon meeting on “Opportunities for Hong Kong and Vietnam under ASEAN Regional Co-operation” in HCM City on August 16, Carrie Lam said Vietnam is Hong Kong’s third largest trading partner in ASEAN.
In 2015, bilateral trade topped 16 billion VND, a year-on-year increase of 16.7 percent. Hong Kong is Vietnam’s 10th largest trading partner, while the latter is the island’s ninth largest partner.
During the meeting, Lam highlighted Hong Kong’s competitiveness and strengths.
Thanks to its rule of law, business-friendly environment and connectivity with the globe as well as the mainland, it is a preferred location for global businesses, she added.
Hong Kong is looking forward to strengthen its leading position in traditional industries like trading and logistics, financial services, professional services and tourism, while developing new economic sectors such as creative industries and innovation and technology.
On the conclusion of the ASEAN-Hong Kong FTA, Hong Kong will enhance its “super-connector” role between mainland China and the ASEAN Economic Community, Lam believed.
The Chief Secretary encouraged more Vietnamese companies to use Hong Kong as a gateway to enter the Chinese market and other regional and global markets.
The conclusion of free trade agreement talks between ASEAN and Hong Kong, scheduled this year, would promote economic and trade ties, including with Vietnam, she said.
Speaking at the event, Jonathan Choi, Permanent Honorary President of the Chinese General Chamber of Commerce in Hong Kong said the East Asian economies were entering a new stage of regional cooperation and integration.
Choi noted that there is a great deal of potential for Hong Kong and Vietnam to work closer together to make strategic contributions in regional collaboration.
As a major international financial centre, Hong Kong is an ideal place to provide adequate infrastructure financing for Vietnam and other ASEAN markets, he said, adding Vietnam’s investment incentives can attract foreign investments in various fields.
Both Hong Kong and Vietnam can be considered as a bridge and facilitator for firms from Vietnam, Hong Kong and mainland China in drawing investments and grasping the huge opportunities in the region, he stressed.
At a luncheon meeting on “Opportunities for Hong Kong and Vietnam under ASEAN Regional Co-operation” in HCM City on August 16.
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It was held in Kuala Lumpur and Singapore in 2014 and 2015.
Addressing the luncheon meeting on “Opportunities for Hong Kong and Vietnam under ASEAN Regional Co-operation” in HCM City on August 16, Carrie Lam said Vietnam is Hong Kong’s third largest trading partner in ASEAN.
In 2015, bilateral trade topped 16 billion VND, a year-on-year increase of 16.7 percent. Hong Kong is Vietnam’s 10th largest trading partner, while the latter is the island’s ninth largest partner.
During the meeting, Lam highlighted Hong Kong’s competitiveness and strengths.
Chief Secretary of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor speaks at the meeting.
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Hong Kong is looking forward to strengthen its leading position in traditional industries like trading and logistics, financial services, professional services and tourism, while developing new economic sectors such as creative industries and innovation and technology.
On the conclusion of the ASEAN-Hong Kong FTA, Hong Kong will enhance its “super-connector” role between mainland China and the ASEAN Economic Community, Lam believed.
The Chief Secretary encouraged more Vietnamese companies to use Hong Kong as a gateway to enter the Chinese market and other regional and global markets.
The conclusion of free trade agreement talks between ASEAN and Hong Kong, scheduled this year, would promote economic and trade ties, including with Vietnam, she said.
Speaking at the event, Jonathan Choi, Permanent Honorary President of the Chinese General Chamber of Commerce in Hong Kong said the East Asian economies were entering a new stage of regional cooperation and integration.
Choi noted that there is a great deal of potential for Hong Kong and Vietnam to work closer together to make strategic contributions in regional collaboration.
As a major international financial centre, Hong Kong is an ideal place to provide adequate infrastructure financing for Vietnam and other ASEAN markets, he said, adding Vietnam’s investment incentives can attract foreign investments in various fields.
Both Hong Kong and Vietnam can be considered as a bridge and facilitator for firms from Vietnam, Hong Kong and mainland China in drawing investments and grasping the huge opportunities in the region, he stressed.
