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ITPC Deputy Director Cao Thi Phi Van said economic and trade ties between both sides have developed in recent years, with average trade growth during 2013-2017 at 13.7 percent per year. Hong Kong is the sixth largest trade partner of Vietnam.

Vietnamese Trade Counselor in Hong Kong Nguyen Duy Kien at the workshop.

Most Vietnamese exports to the territory are computers, electronic products and components, cameras and spare parts, telephones and equipment, she said.

As the products are not only consumed in Hong Kong but also shipped to mainland China and other foreign countries, Vietnam has a high trade surplus with Hong Kong.

Meanwhile, Vietnamese Trade Counselor in Hong Kong Nguyen Duy Kien said Vietnamese firms have advantages to export to Hong Kong that purchases a huge amount of commodities abroad for business activities.

Simple import procedures and zero-trade-barrier offers are among the benefits, he underlined.

In addition, as an Asia business hub, trade-fair capital and convention centre, Hong Kong attracts plenty of international buyers and suppliers, thus, Vietnamese enterprises should enhance trade promotion campaigns in the area to improve connectivity with markets worldwide.

Experts at the workshop said Vietnamese businesses should stay prudent when doing business with Hong Kong- a hot spot for international trade fraud. To eliminate risks, they must pay attention to examining their trade partners’ legal status, credit and delivery ability.

Furthermore, they were advised to be vigilant of lucrative orders from new partners and to choose rational modes of payment to avoid loss.

FDI firms help boost Vietnam’s trade surplus high

Vietnam’s Jan-Oct trade surplus was the highest in eight years at $7.2 billion. FDI firms dominated this performance. 

 

Press conference on annual Vietnam – China trade, tourism

A press conference on the annual Vietnam – China International Trade and Tourism Fair 2018 opened in Ha Long city, the northern border province of Quang Ninh, on November 9. 

 

2018 Vietnam Trade Fair in Cambodia opens

The 2018 Vietnam Trade Fair opened at the Koh Pich Convention and Exhibition Centre in Phnom Penh, Cambodia, on November 7, with expectations to help boost trade between the two countries.

 

Vietnam-China economic, trade relations

 

 

Vietnam's trade surplus hits 6.43 bln in 10 months

 

 

Source: VNA