Vietnam and Hong Kong signed multibillion dollar deals

(14 September 2016)

VGP – Viet Nam welcomes all investors in the context that the Government is now devoting efforts to improve business environment, said PM Nguyen Xuan Phuc while addressing the Hong Kong – Vietnam Business & Investment Forum in Hong Kong on September 14.

vcci-cgcc-signing-agreementDr. Jonathan Choi and Dr. Vu Tien Loc signing Cooperation Agreements witnessed by Prime Minister Mr. Nguyen Xuan Phuc and Hong Kong Acting Chief Executive Mr. Rimsky Yuen

Speaking at the Forum, Prime Minister Mr. Nguyen Xuan Phuc announced the outcomes of the talks and meetings with Chinese high-ranking leaders as well as the strategic orientations to upgrade the two nations’ relationship with the focus on promoting economics and trade more effectively and sustainably.

The Prime Minister introduced the nation’s socio-economic development performances, especially the business and investment environment, potentials and advantages. This year, the two nations are striving to raise the two-way trade to US$100 billion, he said, adding that Vietnam will become one of China’s largest trade partners in ASEAN. Vietnam commits to facilitating Hong Kong’s investment in such areas as banking, finance, insurance, maritime transport, infrastructure, electronics, auxiliary industry and agricultural products. He expected that as a leading financial hub, Hong Kong will uphold its status as a favorable market to mobilize credits for development, especially investment in infrastructure in Vietnam.

Dr. Jonathan Choi, Permanent Honorary President of the Hong Kong Chinese General Chamber of Commerce in Hong Kong and Chairman of the Hong Kong – Vietnam Chamber of Commerce, hailed efforts, measures and determination of the Vietnamese Government in enhancing economic growth over the recent years. He said that the Vietnamese Government is pursuing a number of ambitious market reform programs and suitable policies to attract more foreign investment. Dr. Choi asserted that the forum and a number of recently-inked agreements and contracts are crucial marks in the two sides’ relationship.

Mr. Rimsky Yeun, Acting Chief Executive of the Hong Kong Special Administrative Region, asked Vietnamese businesses to strengthen cooperation with their partners in Hong Kong, hoping the Vietnamese Government to create more favorable conditions for Hong Kong’s enterprises to invest in Vietnam in all fields. Hong Kong will continue expanding investment in Vietnam and supporting Vietnamese businesses to penetrate in Hong Kong and China, he said.

As many as 10 cooperative agreements and contracts, worth US$10 billion were inked at the event. The Forum, attracting the participation of around 300 investors in Hong Kong, was jointly organized by the Vietnam Chamber of Commerce and Industry, the Hong Kong Chinese General Chamber of Commerce and the Hong Kong – Vietnam Chamber of Commerce.

Source: VGP News

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