Vietnam, China’s Hong Kong strengthening economic collaboration

Some Vietnamese products are sold at a supermarket in China's Hong Kong. (Photo: VNA)

Hong Kong - Two-way trade between Vietnam and China’s Hong Kong in the first ten months of 2024 surged 32% year-on-year to 32.3 billion USD, marking a significant step forward in bilateral economic cooperation, particularly in rolling out agreements reached during the visit of Chief Executive of the Hong Kong Special Administrative Region, John Lee Ka-chiu to Vietnam last July.

Vu Thi Thuy, Deputy Consul General of Vietnam and head of the Vietnam Trade Office in Hong Kong, highlighted the progress, noting that the visit of Lee Ka-chiu, the first official visit of a Chief Executive of Hong Kong, resulted in the signing of 30 cooperation agreements across various sectors.

After that, Vietnam's Deputy Prime Minister Nguyen Hoa Binh made a working trip to Hong Kong and attended the "Belt and Road" summit in the territory in September.

According to Thuy, Vietnam has consistently ranked 7th among Hong Kong's top trading partners for years. Meanwhile, Hong Kong was the fourth-largest source of foreign direct investment (FDI) in Vietnam in the first 11 months of 2024, with 335 new projects and total registered capital exceeding 1.95 billion USD.

The Vietnam Trade Office in Hong Kong has played a pivotal role in fostering business-to-business links, supporting Vietnamese companies to participate in trade fairs and exhibitions in Hong Kong and facilitating visits by Hong Kong business delegations to Vietnam.

In the coming time, the office plans to enhance the promotion of Vietnam's key exports, including agricultural goods, seafood, textiles, and handicrafts, which suit the preferences of Hong Kong consumers.

Besides, it will work to expand collaboration in high-tech industries, green manufacturing and clean energy./.