Exports to Hong Kong see growth in H1
Vietnamese exports to Hong Kong posted strong growth in the first half of this year, according to Vietnam's General Department of Customs.
The department reported that Vietnamese exports to Hong Kong grew 31.36% year on year to touch US$2.1 billion during the first half of this year.
These export products included camera and camera components, all kinds of telephones and their components, computers, electronics and their components, machines, equipment, tools, textiles, garment, seafood, farm products, materials and subcomponents for textile, garment and footwear industries, wood products and electrical goods.
The General Department of Customs said that cameras and their components had the largest share of the total value of exports to Hong Kong at 27% or US$551.13 million, with an increase of 39.6%.
The products seeing the highest growth in export value in the first half of this year against the same period last year included computers and electronic products and components (up 86.6%), fiber (up 90.7%), handbags, packages, hats and umbrellas (up 71.8%), rubber products (up 54.5%) and fruits and vegetables (up 92.2%).
The Industrial and Trade Information Centre under the Ministry of Industry and Trade said Hong Kong has a developed system of trading services, wholesale and retail. Additionally, Hong Kong is an important financial and trading centre in Asia and the world, and the headquarters of large companies of the Asia-Pacific region are located there.
In particular, Hong Kong is a trade and investment bridge linking mainland China with other countries, the ministry said. Therefore, Vietnamese exports would get many opportunities to enter the mainland China market and also other countries via Hong Kong.