October 16, 2017 | 20:07 (GMT+7)
Hong Kong businesses eye VN opportunities
The Hong Kong Trade Development Council (HKTDC) will send two delegations to Vietnam between now and January 2018 to explore investment opportunities.
In addition to traditional fields, such as clothing, real estate, agro-forestry-fisheries, Hong Kong investors are looking to fund infrastructure and waste treatment in the form of public-private partnership (PPP) models, the Voice 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 goes into effect, it will open up huge opportunities and her council will send more business 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 to Hong Kong, up 23.4 percent year-on-year, while its imports rose 25 percent to 1.3 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 with a total of 1.19 billion USD.
Source: VNA