Hong Kong Enterprises Mull Entering Vietnam
Hong Kong investors do not want to miss business opportunities in Vietnam, which they see as an attractive destination, said Alan Wong, deputy executive director of the Hong Kong Trade Development Council during a recent five-day visit to Ho Chi Minh City.
“I have come to Vietnam this time to learn more about this country, which surprises us with its extremely fast economic growth so as to catch business opportunities in the market”, Wong stressed.
The foreign official also revealed three sectors that would be most attractive to Hong Kong firms were the consumer market, banking and finance and related services.
With many advantages such as low-cost labor and the government’s commitments to improve the investment environment, Vietnam is seen an ideal place for Hong Kong manufacturers.
In a bid to get a deeper penetration into Vietnam, the council would organize a delegation of mainly chairpersons and directors from 29 giant Hong Kong companies to Vietnam later this year.
The Chinese territory would also host a major forum in Hong Kong on investment opportunities in Vietnam and its investment environment, according to Wong.
Hong Kong is one the top five foreign investors in Vietnam, which has to date injected over $4.4 billion into 368 projects.
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