Hong Kong investors show interest in HCM City
VGP - Hong Kong is one of the major trading partners of Ho Chi Minh City, ranking 8th out of 117 countries and territories investing in the southern economic engine.
The information was announced at the Hong Kong-Ho Chi Minh City Investment & Business Forum and Networking Dinner on January 12.
Vice Chairman of the People's Committee of HCM City Vo Van Hoan said that strong growth has been seen in the partnership between the city and Hong Kong across all fields, especially economy, trade, investment and tourism.
As of the end of 2022, Hong Kong investors ran 619 direct investment projects worth US$3.23 billion in the city, accounting for 5.79 percent of the total FDI the city attracted in the year, mostly in manufacturing-processing and real estate.
The aforesaid forum aims to strengthen the investment and cooperation ties between Hong Kong and Viet Nam in general and Ho Chi Minh City in particular.
The event is part of a business trip to Viet Nam from January 8-14 by a Hong Kong delegation of more than 60 entrepreneurs and high-level representatives from various sectors including financial services, manufacturing, real estate, education and training.
According to the latest report of the Viet Nam General Statistics Office, as of October 2022, Hong Kong was the fifth largest investor in Viet Nam after the Republic of Korea, Japan, Singapore, Taiwan (China) with 2,133 projects and US$28.9 billion of total investment capital registered./.