Vice Chairman of ​Quang Ninh Province People’s Committee Nguyen Van Thanh speaks at the seminar (Photo: VNA)

Hong Kong (VNA) – A seminar was held in China’s Hong Kong Special Administrative Region on April 6 to introduce business and investment opportunities in Vietnam.

Vietnamese Consult General to Hong Kong and Macau Hoang Chi Trung welcomed investors and trade groups from Hong Kong to the Southeast Asian country and pledged to give them maximum support.

Meanwhile, Vietnamese Ambassador to China Dang Minh Khoi spoke in length about the economy in Vietnam as well as its policies to attract investment.

He underlined the geographical proximity and cultural similarities as advantages for Chinese investors, including those from Hong Kong, to explore business chances in Vietnam.

The diplomat confirmed that Hong Kong plays a crucial role as a gateway for Vietnamese economy to reach out the region and beyond.

Vietnam ’s engagement in regional free trade agreements (FTAs) and integration in global economy have created enormous opportunities for foreign businesses, especially those from Hong Kong , to run investment in the Southeast Asian country, he added.

Assistant to the Foreign Minister Vu Quang Minh said Vietnam is evaluated as an ideal investment destination thanks to its transparent policy and quick procedures, adding that the foreign investment capital poured into the country has been increasing in recent years.

As a member of the Trans-Pacific Partnership (TPP) Agreement, Vietnam is improving its investment environment and relevant policies as well as building a legal framework in line with international criteria to draw overseas investment projects.

Vice Chairman of the People’s Committee in northern border Quang Ninh province Nguyen Van Thanh introduced Hong Kong investors about the business climate in the locality and pointed to the local prioritising fields such as tourism, services, processing industry, support industry and financial services.

He told businesses that Quang Ninh is building the Van Don Sepcial Economic Zone, the first of its kind in Vietnam, with favourable administrative procedures to attract foreign investors.

The official cited that Hong Kong is running 13 investment projects in Quang Ninh with a total registered capital of up to 989 million USD, ranking second out of the 18 countries and territories investing in the province.

He said he believes that an increasing number of investors from Hong Kong will arrive in Vietnam and Quang Ninh in particular to seek investment opportunities.

Representatives from the Ministry of Planning and Investment briefed the economic and investment collaborative relations between Vietnam and China and Hong Kong in recent years.

The Vietnamese and Chinese Governments have set up a number of cooperation mechanisms to bring new opportunities for the two countries’ business communities.

Vietnam hopes major companies from China, including Hong Kong and Macau, will come to Vietnam to seek partners and explore investment climate, in a bid to drive the two nations’ economic ties forward.-VNA