Southeast Asia Information Port (www.dnyxxg.com) – From March 25th to 26th, Vietnamese Deputy Foreign Minister Nguyen Minh Hang attended the second HSBC Global Investment Summit (GIS) in Hong Kong, China. He was the guest of honor at the "Vietnam - The Next Investment Destination" forum, which attracted several HSBC regional leaders and executives from prominent global companies.
According to VNA's correspondent in Hong Kong, Vietnam shared Vietnam's economic development policies and emphasized that after 40 years of reform, Vietnam has achieved tremendous success. Currently, Vietnam is firmly advancing reform with a new spirit and new thinking, focusing on transforming its growth model, restructuring the economy, accelerating the implementation of three breakthrough strategies, improving the institutional system to unleash development potential, building a modern, synchronized strategic infrastructure, and cultivating high-quality human resources. Furthermore, Vietnam has identified scientific and technological development, innovation, and digital transformation as its primary breakthrough areas, viewing them as the only way to promote national acceleration, breakthroughs, and sustainable development. Vietnam also believes that the private sector is a key driver of economic growth.
Nguyen Minh Hang also stated that Vietnam is accelerating the streamlining of administrative agencies from the central to the local levels, reducing and simplifying administrative procedures. Furthermore, to maintain a peaceful and stable business environment, Vietnam consistently adheres to an independent, self-reliant, multilateral, and diversified diplomatic approach, building an independent, self-reliant, and resilient economic system. It is also actively deepening international integration, particularly strengthening its economic diplomacy.
Nguyen Minh Hang called on businesses and investors from all over the world to increase investment in Vietnam's key sectors, including green transformation, digital transformation, innovation, strategic technologies (such as artificial intelligence and semiconductors), renewable energy, and the development of financial centers.
During the meeting, Nguyen Minh Hang also held talks with the Secretary for Commerce and Economic Development of Hong Kong, the Chairman of the Federation of Hong Kong Industries, and the Head of Asia and Middle East for HSBC. HSBC and several multinational executives believe that Vietnam has become a preferred market for HSBC and many companies in the region, and a truly trusted investment destination for international businesses, with significant potential for cooperation in investment, trade, finance, innovation, the digital economy, the green economy, the circular economy, clean energy, new materials, and environmental technology. During his meeting with Hong Kong Secretary for Commerce and Economic Development, Mr. Yau Ying-wah, the two sides focused on measures to further promote and deepen bilateral trade and investment cooperation. Nguyen Minh Hang suggested that Hong Kong and its businesses increase high-quality investment in Vietnam, while simultaneously promoting technology transfer and the development of highly skilled personnel, and creating favorable conditions for highly skilled Vietnamese workers to find employment in Hong Kong.
Yau Ying-wah expressed Hong Kong's willingness to collaborate with Vietnam in technological innovation, particularly in artificial intelligence and data center development, and to explore the feasibility of establishing an economic and trade representative office in Vietnam.
In a meeting with Mr. Zhuang Zixiong, Chairman of the Federation of Hong Kong Industries, Mr. Nguyen Minh Hang suggested that the Federation and Hong Kong businesses expand investment in Vietnam, collaborate to cultivate high-quality Vietnamese human resources, actively implement the memorandum of cooperation signed with Vietnam's National Innovation Center (NIC), and promptly organize a delegation of Hong Kong businesses to visit Vietnam to explore investment and cooperation opportunities, particularly in emerging industries such as semiconductors, artificial intelligence, e-commerce, and fintech.
Chuang Zixiong stated that Vietnam is the Federation of Hong Kong Industries' largest partner in the ASEAN region, with 60% of the Federation's ASEAN investments currently concentrated in Vietnam. He hopes that Vietnamese businesses will pay more attention to and fully utilize the opportunities and preferential policies provided by Hong Kong, making Hong Kong an important gateway for Vietnamese businesses to connect with the global market. (End)
