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Majority of Hong Kong firms choose Vietnam as first destination

Majority of Hong Kong firms choose Vietnam as first destination in Southeast Asia

More than 70 percent of businesses from Hong Kong (China) have selected Vietnam as the first destination in the Southeast Asian region to open factories, according to a recent survey by Hong Kong Productivity Council (HKPC).
Majority of Hong Kong firms choose Vietnam as first destination in Southeast Asia ảnh 1Garment-textile is one of the fields that Hong Kong firms plan to open factories in Vietnam (Illustrative image. Source: VNA)

Hong Kong (VNA) – More than 70percent of businesses from Hong Kong (China) have selected Vietnam as the firstdestination in the Southeast Asian region to open factories, according to arecent survey by Hong Kong Productivity Council (HKPC).

The next countries are Cambodia and Myanmar,said the respondents, adding that their first consideration when choosing placesto put their production lines or factories is political stability, followed bytax incentives and operation costs.

According to the survey, most Hong Kong firmsplan to produce electronic products, garment-textile and toys in Vietnam./.

VNA
#businesses#Hong Kong#China#first destination#Southeast Asia#open factories#survey#Hong Kong Productivity Council (HKPC)#Cambodia#Myanmar#political stability#tax incentives#operation costs#Vietnamplus#Vietnam News Agency
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