Vietnam earned 74.85 million USD from fiber and textile yarns exports to Hong Kong in the first nine months of last year, up 28.35 per cent compared with 2016 (Photo: baodautu.vn)
Hanoi (VNA) - A delegation of 70enterprises from Hong Kong (China) will visit Vietnam to seek cooperation withVietnamese firms next week in Ho Chi Minh City.
Those Hong Kong businesses specialise infinance, education, architecture, law, textiles, electronics components andfootwear products.
The event will be organised by theInvestment and Trade Promotion Centre of HCM City when the minister of commerceand economic development of Hong Kong, Edward Yau Tang-wah, visits the city.
This is a bridge to help businesses in HCMCity meet and seek opportunities for business development and investmentcooperation with investors from Hong Kong.
Trade exchanges between Vietnam and Hong Konghave been steadily increasing in the recent years. As of early September 2017, Vietnamis Hong Kong’s third largest trading partner in the ASEAN region, with abilateral trade turnover of over 13 billion USD, a year-on-year increase of 12 percent.Of which, Hong Kong exported products worth 7.4 billion USD to Vietnam andimported goods worth 5.7 billion USD.
The main trade items between the two sides include telecommunications equipmentand components, semiconductors, valves and electronic tubes, knitted fabricsand knitting tools. – VNA
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Vietnam earned 74.85 million USD from fiber and textile yarns exports to Hong Kong in the first nine months of last year, up 28.35 per cent compared with 2016 (Photo: baodautu.vn) 
