Saturday, 18 Nov 2017

Vietnam’s PM pledged favorable conditions for Hong Kong businesses

Updated at Thursday, 11 May 2017, 15:13
The Hanoitimes - Vietnam will create the best possible conditions for foreign enterprises, including those from Hong Kong (China), to invest in the country, particularly in the field of infrastructure.

Such is the statement by  Prime Minister Nguyen Xuan Phuc affirmedat  a reception for a delegation of Hong Kong businesses, led by Chairman of the Hong Kong Trade Development Council Luo Kangrui, in Hanoi on May 10.

The  PM explained that Vietnam needs smart infrastructure to meet requirements of socio-economic development, adding that infrastructure, including railways, roads, aviation and waterways, requires huge investment. 

Vietnam is accelerating the reform of investment climate and actively integrating into the world’s economy, the PM stressed. . Citing the World Bank’s ratings on business environment in 2016 in which Vietnam climbed nine spots, he said the country has to date attracted 23,000 FDI projects valued at over 300 billion USD.

Vietnam has set up trade ties with 224 countries and territories worldwide, including Hong Kong – a dynamic economy with financial strength, he stressed. 

Chairman of the Hong Kong Trade Development Council Luo Kangrui said the visit aims to seek investment opportunities in Vietnam with a focus on infrastructure. 

Through working with Vietnamese ministries and agencies, the delegation received many proposals for cooperation including the north-south expressway project. Hong Kong enterprises wish to do business in Vietnam– a promising market, he said.
Translated by Anh Kiet
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