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Hong Kong business eye VN opportunity

Oct 16th at 10:36
16-10-2017 10:36:37+07:00

Hong Kong business eye VN opportunity

The Hong Kong Trade Development Council (HKTDC) will send two delegations to Viet Nam between now and January 2018 to explore investment opportunities.

 

In addition to traditional fields, such as clothing, real estate, agro-forestry-fishery, 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 Viet Nam to study opportunities.

Viet Nam is the sixth largest exporter to Hong Kong and a major trade partner. Over the past nine months, Viet Nam exported US$5.5 billion worth of goods to Hong Kong, up 23.4 per cent year-on-year, while its imports rose 25 per cent to $1.3 billion.

Hong Kong is also among Viet Nam’s leading sources of foreign direct invesment (FDI). From January to September, FDI capital from Hong Kong ranked sixth with a total of $1.19 billion.

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