HCM City (VNA)🌠 – Vietnam and HongKong (China) have great potential to promote cooperation in fields fromfinance to technology, food, and consumer goods, heard a business meeting held in HoChi Minh City on March 19 by the Hong Kong Economic and Trade Office in Singapore and Invest Hong Kong.

Attending the event, Vice President of theVietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said that HongKong (China) is among Vietnam's ten largest trading partners with bilateral trade estimated at 11.24 billion USD in 2023. Hong Kong's investment in Vietnam last year reached 4.68 billion USD, ranking third among more than100 countries and territories investing in Vietnam. Meanwhile, Vietnam is the2nd largest trading partner of Hong Kong (China) among ASEAN countries and the7th largest trading partner of Hong Kong globally. According to Thanh, Hong Kong has advantages inbeing a gateway connecting investment, trade, finance, and logistics betweenChina and the region and the world, which is an important basis for promotingeconomic relations between Vietnam and Hong Kong as well as between the ASEAN regionand East Asian economies and the world. Owin Fung, Director of the Hong KongEconomic and Trade Office in Singapore, said that Hong Kong (China) is one ofthe reliable partners when Vietnamese businesses want to expand their business abroad. He stressed that Hong Kong not only provides a stable business environment but also helps Vietnamese businesses expand connections with other markets in mainland China. Noting that Ho Chi Minh City is planning to build a regional financial centre, Fung said as one of the world's majorfinancial centre, Hong Kong is willing to share experiences with thecity in this realm. Talking about the business environment inHong Kong, Director-General of Invest Hong Kong (InvestHK) Alpha Lau said that Hong Kong has a strategic position inconnecting the region to the world. It also has special advantages including ahub of finance, transportation, and international trade. She suggested that the fashion industry, food and beverage,agricultural products, and consumer goods are among areas with good growthpotential where businesses from both sides can cooperate in doing business inHong Kong./.