Vietnam expects strong growth of trade with Hong Kong

09:40 | 10/04/2018 Cooperation

Vietnam expects strong growth of two-way trade with Hong Kong (China) in the coming time based on potential of bilateral relations, said Prime Minister Nguyen Xuan Phuc.

PM Nguyen Xuan Phuc (R) receives Secretary for Commerce and Economic Development of Hong Kong (China) Yau Tang-wah - Photo: NDO

PM Phuc made the statement while receiving Hong Kong Secretary for Commerce and Economic Development Yau Tang-wah in Hanoi on March 22.

Lauding progress in political, economic, trade and investment ties, the PM suggested Hong Kong support Vietnam in developing bilateral trade and send experts to assist Vietnam since Hong Kong is a financial center in the region and the world.

He said Vietnam has been focusing on developing transport, health and education infrastructure, and Hong Kong enterprises may take part in projects in these fields.

PM Phuc affirmed that Vietnam is striving to improve its investment environment and to create optimal conditions for foreign investors, including those from Hong Kong (China), to successfully do business in the country.

For his part, Yau said he was impressed at Vietnam’s economic growth as well as its achievements in international integration and strong development of Vietnam-China relations.

He said his ongoing visit to Vietnam is accompanied by a large number of Hong Kong firms who are seeking investment opportunities in the country, thus lifting bilateral trade ties to a new height.

Hong Kong wants to become a reliable partner of Vietnam, Yau said, adding that Hong Kong can provide Vietnam with professional services in the fields of finance, law, insurance and accounting.