Updated  
June, 29 2012 10:21:37

VN eyes Hong Kong potential

HONG KONG — Viet Nam and Hong Kong have great potential for tourism and investment co-operation, Deputy Minister of Culture, Sports and Tourism Le Khanh Hai told a conference in Hong Kong on Wednesday.

During the event, designed to introduce Viet Nam's tourist attractions, Hai said Viet Nam had developed at an incredible pace over the last 20 years during the renewal process, due in part to its socio-political stability, high economic growth rate and favourable investment climate.

Hai called for closer co-operation among enterprises from the two countries.

Viet Nam's Consul General to Hong Kong and Macao Nguyen Thi Nha said relations between the Special Administrative Region and Viet Nam were at an all-time high.

"Bilateral relations between Viet Nam and Hong Kong have developed significantly in various areas, thanks to regular visits by officials and business people and the signing of a number of agreements," said the Viet Nam Consul General to Hong Kong and Macao.

Two-way trade reached US$3.2 billion in 2011, a year-on-year increase of 37 per cent.

Hong Kong is also one of Viet Nam's leading sources of foreign investment. As of May, investors from the territory had pumped $11.7 billion into 667 projects in Viet Nam.

Besides trade and investment, the two sides shared untapped potential when it comes to culture and education, Nha said.

Addressing the forum, Jonathan Choi, president of the Hong Kong-Viet Nam Chamber of Commerce, said Viet Nam was blessed with great natural beauty.

He advised Hong Kong's business community to familiarise themselves more with Viet Nam, its people and culture.

Participants were also informed about Viet Nam's current economic status and investment climate, as well as its tourism development strategies. — VNS

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