HK Economy - Highlight
21 April 2017
Hong Kong possesses good fundamentals to serve the global e-commerce market. While there is still plenty of room for growth in the e-commerce area in developed markets, Hong Kong businesses should also observe the opportunities brought about by China’s Belt and Road Initiative and “Internet Plus” action plan, whereby Hong Kong businesses can sell to Belt and Road countries or provide related services such as logistics, payments and digital marketing.
In view of Vietnam’s new environmental protection laws, enterprises are calling on services to help treat various kinds of industrial waste and pollutant emissions. Hong Kong is home to players who excel in using environmental technologies which are developed to international standards. This is crucial in Vietnam, as the country still lacks a comprehensive management framework when handling more complicated environmental issues.
By arranging cargo transport, the freight forwarding industry has helped contribute to Hong Kong's success as one of the world’s most trade-oriented economies, with the city ranking globally as the 8th largest merchandise trading entity in 2015.