Hong Kong investors inject more capital into Vietnam
Investors from Hong Kong (China) are increasing their capital in Vietnam to grasp opportunities brought by trade and investment agreements inked between the two sides.
Hanoi (VNA) – Investors from HongKong (China) are increasing their capital in Vietnam to grasp opportunitiesbrought by trade and investment agreements inked between the two sides.
Secretary of the Hong Kong General Chamber of Textiles Pong Su Ling said closeto 20 Hong Kong enterprises will attend three garment and textile exhibitionsin November in Ho Chi Minh City.
They have sought investment opportunities in ASEAN countries and see Vietnam’sconsiderable potential, she said, adding advanced technology and equipment willbe at the fairs.
The signing of the ASEAN- Hong Kong Free Trade Agreement (AHFTA) and theASEAN-Hong Kong Investment Agreement (AHKIA) will facilitate market access,create business opportunities and enhance investment flow. Hong Kong firms havesaid the deals will create jobs and bolster cooperation between small andmedium enterprises of both economies.
The agreements are said to increase capital flow to the Southeast Asiancountry, Pong Su Ling said, stressing the firms will invest heavily in materialproduction for garments and textiles, which is still absent in Vietnam.
As material production for the sector poses high risk of pollution, investmentswill not be easy. However, Hong Kong firms are confident that with moderntechnologies, this is not a worrisome problem.
CEO and Vice Chairman at Esquel Group Limited John Cheh said his company hadbuilt plants in Vietnam since 2011, considering this a strategic investmentthat helps the group take advantage from the garment and textile growth inVietnam.
“Esquel has four plants and is considering to open showrooms to meet domesticconsumption demands”, he said.
Along with garments and textiles, Vietnamese infrastructure and fintech haveserved as fertile ground for Hong Kong capital.
As a long-term investor in Vietnam, President of Sunwah Group Jonathan K.S.Choisaid that instead of a cheap labour market, Vietnam has shot to stardom as astrong consumption market spurred by the growth of a young and middle-classpopulation.
Meanwhile, Hong Kong financial chief Paul Chan said Vietnamese finance,infrastructure and trade services will lure Hong Kong capital thanks to thesound bilateral ties, and the AHKFTA and the AHKIA that strengthen economicrelations between the two sides.-VNA
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong voiced his hope that Hong Kong, as a leading financial centre of Asia and the world, will share its experiences in financial management, helping HCM City become a financial hub of the region.
Vietnam and Hong Kong (China) are in the face of big opportunities to push up investment and trade cooperation, experts said at a workshop held in Ho Chi Minh City on September 20.
Foreign investors have poured into Vietnam’s e-wallet sector as they see huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 percent of the total payment transaction by 2020.
The flow of foreign direct investment (FDI) into real estate in Ho Chi Minh City has followed the same trend as with the FDI movement into the country, with the property sector always among the top FDI recipients in recent years.
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.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image. (Photo: VNA)
