SCED promotes trade and investment collaboration in Vietnam
The Secretary for Commerce and Economic Development, Mr Edward Yau, concluded his five-day visit to Cambodia and Vietnam by meeting with senior Vietnamese officials to promote trade and investment collaborations between the two places in Hanoi, Vietnam, today (March 23). Mr Yau led a delegation of businessmen and professional service providers to visit the two countries.
Mr Yau first met with the Minister of Planning and Investment of Vietnam, Mr Nguyen Chi Dung, and the Deputy Minister of Industry and Trade of Vietnam, Mr Tran Quoc Khanh. He said that with the accelerated development of infrastructure and growth in trade flows within the Belt and Road region and beyond, Hong Kong is well-placed to provide the necessary financing support as well as related professional services.
Enterprises can raise capital and seek project financing in Hong Kong through diverse means such as initial public offerings, post-listing arrangement, bond issuance and bank loans. Hong Kong’s role as the global hub for offshore Renminbi (RMB) business will be further strengthened when the demands from the offshore markets on RMB settlement, financing and fund management gradually increase, he said. The need for other professional and support services such as accounting, legal and dispute resolution services, contract management, insurance and logistics will increase along with the growth in economic activities, he added.
Mr Yau also met with the Chairman of Hanoi People's Committee, Mr Nguyen Duc Chung, and the Charge d' Affaires of the Chinese Embassy to Vietnam, Ms Yin Haihong.
Meanwhile, the trade delegation visited the Hiep Phuoc Industrial Park and had a networking session with the Hong Kong Business Association Vietnam in Ho Chi Minh City.
Mr Yau will return to Hong Kong this evening.
Ends/Friday, March 23, 2018