16:23 | 21/09/2018 Trade
“In Style – Hong Kong”, the largest trade, investment and lifestyle promotion event ever held in Vietnam, kicked off in Ho Chi Minh City on September 20, attracting thousands of Vietnamese and Hong Kong firms.
Chairman of the Hong Kong Trade Development Council Vincent HS Lo said “In Style – Hong Kong” introduces unique culture, cuisine and entertainment of Hong Kong to the Vietnamese public.
According to him, two-way trade between Vietnam and Hong Kong (China) increases by nearly 12 percent each year, reaching US$18 billion last year. Vietnam is one of the fastest-growing economies in Southeast Asia and the largest importer of Hong Kong. Meanwhile, Hong Kong serves as a gateway for trade between Vietnam and China, and between Vietnam and many other Asian markets.
Financial Secretary of the Hong Kong Special Administrative Region Paul Chan Mo-po said the event offers a wide array of Hong Kong’s world-class products and professional services to Vietnamese partners and friends, adding that via the event, Hong Kong wants to further boost economic and trade ties as well as people-to-people exchange with Vietnam.
During the two-day event, thematic seminars on the potential of cooperation in investment, trade and logistics will also be held.
Speaking at the opening ceremony, Deputy Foreign Minister Le Hoai Trung said Vietnamese and Hong Kong businesses put high hope on their future ventures.
He said Vietnam is now the largest trade partner of Hong Kong in ASEAN while Hong Kong is the ninth largest trade partner and the sixth largest foreign investor of Vietnam. As of the late August, Hong Kong invested in 1,353 projects worth US$19 billion in Vietnam.
As a dynamic and most free economy in the world, Hong Kong is the third largest supplier of foreign direct investment in Asia.
Vietnam welcomes Hong Kong firms to expand operations in the country in fields of strength such as infrastructure, support industry, and finance-banking service, Trung added.