70 Hong Kong businesses seeking trade ties in Vietnam
VOV.VN - A group of 70 Hong Kong businesses operating in the fields of finance, education, architecture, law, garments, electronic components, and footwear will visit Vietnam for an exchange with Vietnamese partners on March 21 in Ho Chi Minh City.
The event will be held to coincide with a working visit to Vietnam by the Secretary for Commerce and Economic Development of Hong Kong.
The exchange is seen as a gateway for HCM City businesses to set up investment cooperation ties with Hong Kong investors.
Trade between Vietnam and Hong Kong has increased steadily in recent years. Up to early September 2017, Vietnam was the third largest trade partner of Hong Kong in ASEAN, with bilateral trade of US$13 billion, a year-on-year rise of 12%. Over the same period, Hong Kong’s exports to Vietnam reached US$7.4 billion and imports from Vietnam were US$5.7 billion.
In terms of investment, up to March 20, 2017, Hong Kong was the sixth biggest foreign investor in Vietnam with more than 1,200 projects totally capitalized at over US$17.57 billion.