Vietnamese Trade Counselor in Hong Kong Nguyen Duy Kien at the workshop. (Photo: VNA)HCM City (VNA) – A workshop to promote trade ties betweenenterprises from Vietnam and Hong Kong (China) was held in Ho Chi Minh City onNovember 15 by the Investment & Trade Promotion Centre of Ho Chi Minh City(ITPC) in collaboration with the Vietnamese trade office in Hong Kong.
ITPC Deputy Director Cao Thi Phi Van said economic and trade ties between bothsides have developed in recent years, with average trade growth during2013-2017 at 13.7 percent per year. Hong Kong is the sixth largest tradepartner of Vietnam.
Most Vietnamese exports to the territory are computers, electronic products andcomponents, cameras and spare parts, telephones and equipment, she said.
As the products are not only consumed in Hong Kong but also shipped to mainlandChina and other foreign countries, Vietnam has a high trade surplus with HongKong.
Meanwhile, Vietnamese Trade Counselor in Hong Kong Nguyen Duy Kien said Vietnamesefirms have advantages to export to Hong Kong that purchases a huge amount ofcommodities 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 toimprove connectivity with markets worldwide.
Experts at the workshop said Vietnamese businesses should stay prudent whendoing business with Hong Kong- a hot spot for international trade fraud. To eliminaterisks, 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 newpartners, and to choose rational modes of payment to avoid loss.-VNA
VNA
