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TDC Chairman: Hong Kong the best business partner for Vietnam enterprises


June 20, 2007 -- Hong Kong is Vietnam's best partner for capturing business opportunities arising from the country's recent accession to the World Trade Organisation, Mr Peter Woo, chairman of the Hong Kong Trade Development Council, told more than 200 business executives in Ho Chi Minh City today.

Mr Woo, who is leading a 17-member Hong Kong business delegation to Vietnam, said that Hong Kong is an ideal conduit for Vietnamese businesses. Through Hong Kong, they can get all the services support and contacts they need to connect with world markets.

The TDC delegation visited Hanoi, the Vietnamese capital, on Monday and Tuesday before going on to Ho Chi Minh City. In Hanoi, the delegation met with the Vietnamese Prime Minister, Mr Nguyen Tan Dung, who welcomed Hong Kong businesses to invest in Vietnam. Mr Nguyen said that overseas investment was an integral component of Vietnam's economic development. He added that his government would provide favourable conditions to help Hong Kong investors do more business in the country, particularly in the financial, banking, insurance, securities, shipping and manufacturing sectors.

The Prime Minister also agreed that Hong Kong has the infrastructure, as well as the international experience and contacts, to serve as a useful platform for Vietnamese companies looking to connect with world markets.

Earlier, the delegation was briefed by Minister of Trade Mr Truong Dinh Tuyen and Vice-minister of Planning and Investment Mr Nguyen Bich Dat on the latest developments in Vietnam, including laws recently introduced to create a more effective business environment in the country.

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Content provided by Hong Kong Trade Development Council