Vietnamese products increasingly popular in Hong Kong: Official
Vietnamese products have become more and more visible in the market of Hong Kong (China) thanks to strong trade ties between the two sides, said Vu Thi Thuy, head of the Vietnamese Trade Office in Hong Kong.
Vietnamese products leaving Saigon Port to Hong Kong (Photo: VNA)
Hong Kong (VNA) – Vietnamese products have become more and more visible in the market of Hong Kong (China) thanks to strong trade ties between the two sides, said Vu Thi Thuy, head of the Vietnamese Trade Office in Hong Kong.
Thuy cited statistics from the General Department of Vietnam Customs showing that two-way trade between Vietnam and Hong Kong rose 18 percent year on year to 13.6 billion USD in 2021, with Vietnam's exports valued at 12 billion USD, up 15 percent.
The Hong Kong market accounted for 3.6 percent of Vietnam’s total export revenue, she noted.
In terms of investment, Thuy said that as of December 20, 2021, Hong Kong was the fifth largest investor in Vietnam with 2,041 projects worth 27.83 billion USD, focusing on processing-manufacturing, garment and textile, service, real estate and construction sectors.
In 2021, 126 new Hong Kong-invested projects were licensed in Vietnam with total capital of nearly 1.7 billion USD, she noted.
Thuy said that despite COVID-19, trade between the two sides have remained stable and Vietnam continued to enjoy trade surplus in the market. Vietnam has affirmed its position and production capacity in the global production and supply chains with tighter links with those in Hong Kong.
At the same time, Vietnam has been among the top 10 biggest trade partners of Hong Kong for many years. In 2021, Vietnam rose to the seventh position, and the second among ASEAN countries.
The ASEAN-Hong Kong free trade agreement, which took effect from 2019, has also contributed to promote two-way trade which has increased over 10 percent each year, Thuy said, adding that more and more Vietnamese products have been sold in Hong Kong.
Vietnamese products at a Wellcome supermarket in Hong Kong (Photo: VNA)
Vietnamese garment, footwear, pork and seafood have been popular among Hong Kong consumers, she said.
According to Thuy, the Regional Comprehensive Economic Partnership (RCEP) has created positive impacts on the Vietnam-Hong Kong trade and investment cooperation. RCEP, the biggest trade pact in the world, brings together 10 ASEAN member states, along with China, Japan, the Republic of Korea, Australia and New Zealand, covering 30 percent of the global gross domestic product (GDP) worth 26.2 trillion USD. In June 2021, Hong Kong filed a request to join the deal.
Thuy said that in the time to come, the Vietnamese Consulate General and the Vietnamese Trade Office in Hong Kong plan to implement many activities to promote Vietnamese strong products in Hong Kong as well as in the region and the world, while helping attract more Hong Kong investors to Vietnam./.
The Vietnamese Consulate General in Hong Kong (China) will give priority to promoting investment and tourism ties between Vietnam and the region after the COVID-19 pandemic is put under control, with the aim of fully tapping cooperation potential between the two sides in the time to come, a Vietnamese diplomat has said.
The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20.
A leader of the Sunwah Group has highlighted the prospect of trade cooperation between Vietnamese and Hong Kong businesses and made suggestions for the Vietnamese firms that want to access the Guangdong - Hong Kong - Macau Greater Bay Area (GBA) of China.
A webinar entitled “Revival under the ‘New Normalcy’: Hong Kong-Vietnam Partnership” was held recently to seek ways to bolster trade cooperation and investment between Vietnam and Hong Kong (China).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnamese products leaving Saigon Port to Hong Kong (Photo: VNA) 
Vietnamese products at a Wellcome supermarket in Hong Kong (Photo: VNA) 
