Hong Kong businesses keen on Vietnam infrastructure projects

Vincent HS Lo, Chairman of the Hong Kong Trade Development Council, said Hong Kong businesses have paid much attention to Vietnam’s infrastructure development, especially railway, road, airport and seaport projects.

At an earlier meeting in Hanoi with representatives of the Ministry of Transport, Hong Kong businesses showed their keen interest in Vietnam’s north-south highway project which they said will help facilitate more investment projects in the country.

Hong Kong businesses are also interested in large real estate projects in cities. Johnson Choi, Executive Director of Sunwah group said the group has invested in many projects in Vietnam, especially housing projects.

Vietnam is considered a potential real estate market in Asia, said Mr Choi.

According to the Foreign Investment Agency - Ministry of Planning and Investment, Hong Kong had been the sixth largest foreign investor in Vietnam up to the end of the first quarter with over 1,200 projects and a registered capital of US$17.57 billion.