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Vietnam welcomes investment from Hong Kong businesses: premier

Vietnam welcomes investment from Hong Kong businesses: premier

Thursday, September 15, 2016, 16:26 GMT+7

Vietnam will provide more favorable conditions for investor operations from Hong Kong, Prime Minister Nguyen Xuan Phuc said during his stay in the territory, as part of his official visit to China from September 10 to 15.

The Vietnamese premier delivered a speech in front of leaders from 300 Chinese and Vietnamese businesses at the Hong Kong-Vietnam Business and Investment Forum on Wednesday evening.

Hanoi will create a beneficial environment for enterprises from Hong Kong to make invest in many fields, particularly finance and banking, insurance, maritime transport, infrastructure, electronics, auxiliary industry and agricultural products, PM Phuc asserted.

As a leading financial hub, Hong Kong is anticipated to be a favorable market for Vietnam to mobilize its credits for development, especially investment in infrastructure, the leader continued.

Investors and businesses from Hong Kong are always welcome in the Southeast Asian country, he emphasized, stressing that the success of the foreign investment is the success of the nation.

Vietnam has a stable political and social situation while its government has been building a friendly investment environment and improving its policies to support foreign businesses, Phuc added.

According to Rimsky Yuen, Secretary for Justice of Hong Kong, Vietnam and Hong Kong have developed strong ties in trade and business.

Hanoi was the special administrative region’s ninth largest business partner in 2015 with turnover exceeding US$16 billion, Yuen said.

Given the current foundations of the two parties’ political and economic relationship, Hong Kong will have significant contributions towards the Southeast Asian nation’s economic reform and development, the official added.

Yuen affirmed that he encourages further cooperation between the two economies.

Vietnam and Hong Kong have all the necessary reasons to establish a deeper and more extensive relationship, the leader asserted.

During the event, several cooperative agreements were also inked between the Vietnam Chamber of Commerce and Industry (VCCI) and its three partners, namely the Hong Kong-Viet Nam Chamber of Commerce, Hong Kong Trade Development Council, and the Chinese General Chamber of Commerce.

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