Hong Kong leader bolsters economic ties with Vietnam during visit

9 months ago 34

1st August 2024 – (Hanoi) Chief Executive Mr. John Lee today led a delegation from the Hong Kong Special Administrative Region (HKSAR) on a visit to Hanoi, Vietnam, as part of efforts to deepen economic and trade cooperation between the two regions.

During his visit, Mr. Lee met with Vietnam’s Deputy Prime Minister Mr. Tran Luu Quang, where they witnessed the exchange of eight memoranda of understanding (MOUs) between government departments, enterprises and organisations of the two places. The agreements covered areas such as economic and trade, aviation services development, and financial and capital market development.

Speaking at the MOU exchange ceremony, Mr. Lee remarked that Vietnam has experienced rapid economic developments in recent years, and he encouraged more Vietnamese enterprises to leverage Hong Kong’s advantages as an international financial, trade, shipping, logistics, and professional services centre to tap into the Mainland and international markets.

Later, Mr. Lee met with the President of Vietnam, Mr. To Lam, to exchange views on issues of mutual interest. He highlighted that Hong Kong and Vietnam have maintained close bilateral trade relations, with Vietnam being Hong Kong’s seventh-largest trading partner and the second-largest among the member states of the Association of Southeast Asian Nations (ASEAN).

“Hong Kong treasures the relations with Vietnam and I look forward to paving the way for new co-operation opportunities between the governments and business sectors of the two places through this visit,” Mr. Lee said. He also expressed his hope for Vietnam’s continuous support for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership (RCEP) to further contribute to regional economic developments.

In the morning, Mr. Lee had breakfast with staff of the Hong Kong Economic and Trade Office in Hanoi to better understand their work and experience the unique Vietnamese food culture.

The HKSAR delegation’s visit to Vietnam is part of the Hong Kong government’s ongoing efforts to promote economic, trade and cultural exchanges between the two places. Mr. Lee is scheduled to depart for Ho Chi Minh City this evening and will continue his visit tomorrow.

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