New Opportunities for Vietnam-Hong Kong Collaboration

HO CHI MINH CITY, VIETNAM - Media OutReach - 12 May 2017 - A Hong Kong infrastructure investment delegation visited Hanoi and Ho Chi Minh City, Vietnam this week to discuss cooperation and investment opportunities driven by growing intra-regional cooperation in Asia.

On 10 May, the infrastructure investment delegation organised by the Hong Kong Trade Development Council (HKTDC) was received by Prime Minster of Vietnam Nguyen Xuan Phuc

Speaking at the "Hong Kong and Shanghai: Your Infrastructure Investment Partner" sharing session held in Ho Chi Minh City on 11 May, HKTDC Chairman Vincent HS Lo said Hong Kong is well-placed to support and facilitate infrastructure projects such as the rail and road networks, and air, sea and river port systems that are planned for Vietnam

The delegation, organised by the Hong Kong Trade Development Council (HKTDC), comprised some 40 investors and services professionals from Hong Kong and the Chinese mainland with an interest and expertise in finance, consultancy, architecture, energy, waste and water treatment, engineering and construction, legal and accounting, transportation and other sectors.

The delegation was received by Prime Minster of Vietnam Nguyen Xuan Phuc on 10 May, and had a series of meetings with Vietnamese government and business leaders including Nguyen Chi Dung, Minister of Planning and Investment, Nguyen Hong Truong, Deputy Minister of Transport, and Nguyen Duc Chung, Chairman of Hanoi's Peoples Committee on 10 and 11 May to promote closer partnership between Hong Kong and Vietnam in infrastructure development.

Hong Kong's "super-connector" advantage

Speaking at the "Hong Kong and Shanghai: Your Infrastructure Investment Partner" sharing session held in Ho Chi Minh City on 11 May, HKTDC Chairman Vincent HS Lo said Hong Kong is well-placed to support and facilitate infrastructure projects such as the rail and road networks, and air, sea and river port systems that are planned for Vietnam.

Citing Hong Kong's deep ties with Vietnam in trade and investment over the past few decades, and Hong Kong's recent involvement in Vietnamese infrastructure projects including property development, power plants and flood control systems, Mr Lo said Hong Kong, with its international network and a well-regulated financial system, an open, fair legal system and access to investors worldwide, can help project owners raise capital or find investors for infrastructure projects of various scales. Hong Kong's rich pool of talent in infrastructure and professional services are also among the world's most experienced in advising and managing large-scale projects globally. 

During the sharing session, Hong Kong and Mainland Chinese delegates representing the investment, financial and professional services sectors and Vietnamese project owners including VTP Investment Group and Sunny World Property exchanged views and identified areas for cooperation in infrastructure investment.

Close and stable business ties

Hong Kong and Vietnam enjoy close and strong bilateral ties with frequent business and cultural exchanges. In 2016, Vietnam was Hong Kong's largest export market in the ASEAN region, with a total export value of US$9.25 billion. In addition, Vietnam is Hong Kong's third-largest trading partner in the ASEAN region with bilateral trade totalling US$16.2 billion last year.

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About the HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With 50 years of experience, the HKTDC organises international exhibitions, conferencesand business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing information via trade publications, research reportsand digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+ Twitter @hktdcLinkedIn