Qiu Yinghua: Interviewed By The Reporter Of Vietnam News Agency In Hong Kong, Paying Attention To The Investment In Guangdong Hong Kong Macao Greater Bay Area

Hanoi, Vietnam News Agency - Algeenon Yau, Director of the Hong Kong Commerce and Economic Development Council, said that Vietnam has always been a reliable trading partner of Hong Kong Special Administrative Region, and the two sides have maintained an effective trade and investment relationship for many years.

From 2017 to 2021, the average annual growth of bilateral trade between Hong Kong and Vietnam was 11.8%. In 2021, the trade volume between Hong Kong and Vietnam will reach 220 billion Hong Kong dollars (about 28.1 billion US dollars), an increase of 19% over 2020. Among ASEAN countries, Vietnam has become Hong Kong's second largest trading partner. In the first half of 2022, bilateral trade activities continued to grow strongly, with the trade volume reaching HK $125 billion (about US $16 billion), an increase of 21% over the same period of 2021.

Qiu Yinghua, in an interview with the reporter of Vietnam News Agency in Hong Kong, said that it was an active and efficient visit to Vietnam recently to attend the Hong Kong Guangdong Macao Greater Bay Area and Vietnam Business Cooperation Seminar. The two sides have discussed the concept of cooperation. Hong Kong enterprises are concerned about investment in Vietnam, and Vietnamese enterprises are also very concerned about investment opportunities in Hong Kong and the Guangdong Hong Kong Macao Greater Bay Area.

Qiu Yinghua said that at present, Hong Kong is Vietnam's fifth largest investment partner and Vietnam is Hong Kong's seventh largest trading partner. Among ASEAN countries, Vietnam is Hong Kong's second largest trading partner, after Singapore. Therefore, in the long run, the two sides will have many opportunities to carry out trade and investment cooperation. Vietnam is a member of the Regional Comprehensive Economic Partnership Agreement (RCEP), and the government of the Hong Kong Special Administrative Region formally applied to join the agreement in early 2022.

The Philippine Institute pointed out that Hong Kong is the fifth largest international free trade city in the world, as well as a financial center, trade center, free trade center and free flow of capital. These advantages will support Vietnam and other RCEP member countries to carry out business in the region. Qiu Yinghua said that Hong Kong's financial services follow the best international standards and operating models, and Vietnamese enterprises are encouraged to make good use of Hong Kong's high-quality services and platforms in order to expand business scale in the Guangdong Hong Kong Macao Greater Bay Area, the mainland of China and other regions.