Hong Kong Firms Invest US$122.5 Mln in HCMC in 2008, Taking Fourth
Hong Kong companies reportedly invested US$122.5 million into Vietnam's biggest economic hub-Ho Chi Minh City-last year, ranking the fourth among foreign countries and territories.
According to the Hong Kong Trade Development Council, Vietnam is among 30 countries with biggest trade with Hong Kong.
Last year, two-day trade between Vietnam and Hong Kong jumped 23.1 per cent to US$3.75 billion despite the global economic downturn, according to the Vietnamese Ministry of Industry and Trade.
Vietnam exported US$998 million worth of commodities to Hong Kong in 2008, up 34.4 per cent on-year and imported up to US$2.76 billion, up 19.4 per cent, resulting in the country’s huge trade deficit of US$1.76 billion during the year. (VOV)
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