Vietnam pledges favourable environment for Hong Kong investors

(VOVworld) – Prime Minister Nguyen Xuan Phuc delivered a statement at the Vietnam-Hong Kong Business and Investment Forum, on Wednesday afternoon immediately after arriving in Hong Kong, China.

Vietnam pledges favourable environment for Hong Kong investors  - ảnh 1
Prime Minister Nguyen Xuan Phuc addresses the forum (Photo: VNA)

The forum was organized by the Vietnam Chamber of Commerce and Industry, the Chinese Chamber of Commerce in Hong Kong and the Hong Kong – Vietnam Chamber of Commerce. In his address, Prime Minister Phuc said Vietnam boasts political stability and the government is building a healthy business and investment environment, and accelerating administrative reforms. He stressed the need to build a facilitating government to better serve the people and business: " A good environment is waiting for you to continue your investment in Vietnam for mutual development and benefits. We pledge to create favourable conditions for Hong Kong businesses to invest in such as areas as banking, finance, insurance, maritime transportation, infrastructure development, electronic spare parts supportive industry, and processing and consuming agricultural produce.”

 Prime Minister Phuc said Vietnam has signed 12 free trade agreements and is negotiating four other deals. Its trade turnover increases 15% annually and reached 330 billion USD in 2015. Businesses investing in Vietnam are able to access the markets of G20 countries, who account for 2 thirds of the world population and 3 fourths of the global GDP, and the ASEAN market of 620 million people. Speaking at the forum, acting chief executive of the Hong Kong Special Administrative Region, Rimsky Yuen, praised the trade ties with Vietnam. Last year, Vietnam was the 9th largest trade partner of Hong Kong. At the forum, businesses signed 10 cooperative agreements and contracts worth 10 billion USD.