HCM City welcomes investors from Hong Kong: Official

HCM City - Ho Chi Minh City always welcomes and creates optimal conditions for investors from Hong Kong (China) to operate in the city, stated Chairman of the municipal People’s Committee Phan Van Mai while receiving Jonathan Choi, Chairman of the Hong Kong-Vietnam Chamber of Commerce on January 12.

Choi, who is also Chairman of Sunwah Group, said that Sunwah has enjoyed many successful projects in HCM City since it arrived in Vietnam from the 1970s.

He said the firm is expanding its investment in Vietnam to science-technology and innovation, and hopes to introduce more Hong Kong investors to HCM City.

As the Chairman of the Chinese Chamber of Commerce in Hong Kong and Chairman of the Guangdong-Hong Kong-Macau Greater Bay Area Entrepreneurs’ Union, Choi spoke highly of the potential of the HCM City's market, describing the city as an ideal destination for Hong Kong investors, especially in financial service, stock, farm produce export, and green technology development.

According to Choi, the city is in need of developed science-technology and innovation, and Hong Kong, as a connecting centre, is willing to support the city in calling for more capital serving the development needs of the city and Vietnam as a whole.

Along with traditional investment areas such as real estate, Hong Kong investors hope to expand partnership in the city in promising fields such as human resources training, scientific research, and heath care.

Mai thanked Choi for the cooperation proposals, saying that they match the city's needs.

He affirmed that the city wants to deepen collaboration with Sunwah and other businesses from Hong Kong in prioritised areas, especially in the building of a financial centre, and looks to learn from Hong Kong's experience in the field of semiconductor and microchip technology development, biotechnology and pharmaceuticals.

Choi led a Hong Kong business delegation to attend the Hong Kong-HCM City investment promotion conference in the city later the same day.

The ongoing visit by Vietnamse Party General Secretary Nguyen Phu Trong to China further affirms the close relationship between the two Parties, States and peoples, Li Minghan, a scholar from Hong Kong (China) who has spent years studying Vietnam and President Ho Chi Minh, has said.

Vietnam and Hong Kong set the target for a hike in bilateral trade turnover to $50 billion in the next five years, making Vietnam the city's largest trade partner in ASEAN.

A business delegation of Hong Kong (China) will visit Hanoi and Ho Chi Minh City from January 8-14 to seek economic and investment cooperation opportunities between Vietnam and Hong Kong and Greater Bay Area in particular, and China in general.

In light of rising regional participation recently, several opportunities are available to deepen bilateral ties between Hong Kong and Vietnam.