Vietnamese businesses need to the make the best of Hong Kong as agateway for bringing their goods to other markets, said economicexperts.
They also highlighted Hong Kong as apotential export market for Vietnamese goods during a recent seminar todiscuss ways to boost exports to the territory.
According to Director of the Export Assistance Centre under the VietnamTrade Promotion Agency Le Xuan Duong, despite its population of morethan seven million, the Hong Kong Administrative Region recorded a veryhigh per capita income of 36,000 USD in 2012.
He saidthat Hong Kong primarily imports food and foodstuffs from abroad dueto its shortage of cultivated land, which creates favourable conditionsfor the Vietnamese agricultural sector to promote exports to thislucrative market.
Its main advantages are moderntransport infrastructure, low tax rates, minimal government interferencein business, and well developed services for retail and wholesaletrade, he added.
Experts also said that Hong Konghas the busiest airport in the world for transporting internationalcargo and the third busiest container port.
As animportant financial and trade centre for Asia and the world, Hong Kongis considered an ideal destination for major Asia Pacific companies aswell as a trade and investment gateway linking China with othercountries.
A double tax avoidance agreement betweenVietnam and Hong Kong that became effective on January 2010 has alsohelped increase Vietnamese exports to Hong Kong .
In2012, Vietnam ranked 17 out of 30 countries with the strongest tradeties with Hong Kong, raking in 4.7 billion USD in total export-importturnover, of which Vietnam exported 3.7 billion USD, up 12 percent,and import 1 billion USD worth of goods, up 10.7 percent over a yearearlier.
Key Vietnamese exports include agriculturalproduce, office and telecommunication equipment, computers, electronicand semi-conductor components.-VNA
They also highlighted Hong Kong as apotential export market for Vietnamese goods during a recent seminar todiscuss ways to boost exports to the territory.
According to Director of the Export Assistance Centre under the VietnamTrade Promotion Agency Le Xuan Duong, despite its population of morethan seven million, the Hong Kong Administrative Region recorded a veryhigh per capita income of 36,000 USD in 2012.
He saidthat Hong Kong primarily imports food and foodstuffs from abroad dueto its shortage of cultivated land, which creates favourable conditionsfor the Vietnamese agricultural sector to promote exports to thislucrative market.
Its main advantages are moderntransport infrastructure, low tax rates, minimal government interferencein business, and well developed services for retail and wholesaletrade, he added.
Experts also said that Hong Konghas the busiest airport in the world for transporting internationalcargo and the third busiest container port.
As animportant financial and trade centre for Asia and the world, Hong Kongis considered an ideal destination for major Asia Pacific companies aswell as a trade and investment gateway linking China with othercountries.
A double tax avoidance agreement betweenVietnam and Hong Kong that became effective on January 2010 has alsohelped increase Vietnamese exports to Hong Kong .
In2012, Vietnam ranked 17 out of 30 countries with the strongest tradeties with Hong Kong, raking in 4.7 billion USD in total export-importturnover, of which Vietnam exported 3.7 billion USD, up 12 percent,and import 1 billion USD worth of goods, up 10.7 percent over a yearearlier.
Key Vietnamese exports include agriculturalproduce, office and telecommunication equipment, computers, electronicand semi-conductor components.-VNA
