“It has been ranked as the world’s freest economy in the Index of Economic Freedom for the past 20 consecutive years,” said Tina Phan of the Hong Kong Trade Development Council (HKTDC).
Ms Phan also said the biggest advantage to local businesses of doing business in Hong Kong is that it provides free international export sales leads from its worldwide network and its comprehensive trade agreements with the globe’s major markets.
Official statistics show Vietnam is the country’s 9th largest trade partner with Hong Kong’s exports last year to Vietnam totalling US$9.8 billion and imports tallying in at US$6.5 billion.
The top imports into Hong Kong last year were electronic products, bamboo and ceramic products and rice, said Ms Phan.
She said if local businesses want to maximize their exposure to the international business community, Hong Kong is an excellent choice for participating in trade fairs and exhibitions.
Last year, there were roughly 30 international exhibitions that attracted some 35,000 exhibitors and 726,000 buyers from all parts of the globe held in Hong Kong.
This upcoming April and May there are eight international trade fairs and exhibitions showcasing key export products of Vietnam such as electronics, clothing and household products, said Ms Phan.