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Vietnam’s Prime Minister Reassures Global Investors
Prime Minister Addresses Business Conference in First Hong Kong Visit

His Excellency Nguyen Tan Dung, Prime Minister of Vietnam (left), meets with Hong Kong Financial Secretary John Tsang (right) at the Vietnam Global Investment Conference in Hong Kong today. Introducing the two officials is Fred Lam (centre), Executive Director of the Hong Kong Trade Development Council, which helped organise the event

20 April 2009 - Vietnam should reach its GDP growth targets of between five per cent and 5.5 per cent for 2009, despite the global economic crisis, His Excellency Nguyen Tan Dung, Prime Minister of Vietnam, told an investment conference in Hong Kong today.

"Vietnam is, and will continue to be, an attractive destination for international investors," said the Prime Minister in an address to the conference. "The Vietnam government is laying the foundation to turn challenges into opportunities."

Citing the Vietnam government's US$8 billion economic stimulus package, and a national 2009 inflation forecast of just six per cent, Vietnam is on the right track to building a sustainable economic future, he said.

The Vietnam Global Investment Conference was jointly organised by the Hong Kong Trade Development Council (HKTDC), the Consulate General of the Socialist Republic of Vietnam in the Hong Kong SAR and Macao SAR, the Vietnam Chamber of Commerce and Industry and the Hong Kong-Vietnam Chamber of Commerce and Industry.

The Prime Minister is leading a delegation of more than 100 Vietnamese businesspeople and government officials in his first official trip to Hong Kong. About 500 financial industry members attended the conference in Hong Kong, while an estimated 5,000 others watched the proceedings from around the world via teleconference and Internet connections by co-organiser Credit Suisse.

HKTDC Executive Director Fred Lam told the conference that the Council has long recognised Vietnam as a land of economic opportunity. "In the past two years, we have sent no less than 10 business delegations to Vietnam - the most we have made to any country in such a short span of time," he said.

Hong Kong Finance Minister John Tsang opened the Global Investment Conference, saying he was looking forward to building bilateral ties with Vietnam. "Hong Kong remains the seventh-largest investor in Vietnam, and last year our bilateral trade increased 23 per cent, year-on-year, to some US$4 billion," Mr Tsang said.

Also addressing the conference were: His Excellency Vu Huy Hoang, Vietnam's Minister of Industry and Trade; Dr Vu Tien Loc, Chairman and President of the Vietnam Chamber of Commerce and Industry; Alan Wong, Deputy Executive Director, HKTDC; and Anthony Lam, Vice Chairman, Golden Resources Development International Ltd.

Earlier today, the HKTDC and the Vietnam Trade Promotion Agency (VIETRADE) signed a Memorandum of Cooperation on Trade Promotion to develop and strengthen direct trade and economic relations between Hong Kong and Vietnam on a mutually beneficial basis. Mr Lam signed the Memorandum of Cooperation on behalf of the HKTDC, while Director-General Do Thang Hai signed on behalf of VIETRADE. The signing was witnessed by the Prime Minister of Vietnam.

Under the agreement, the HKTDC and VIETRADE will cooperate to promote trade relationships between companies in the two regions through the following activities: information exchange, trade missions, participation in each other's trade promotions, expertise sharing in trade promotion and support to respective representative offices.

Media Enquiries
Please contact the HKTDC's Corporate Communication Department:
Victor George Paddy Tel: (852) 2584 4517 Email: victor.paddy@hktdc.org

About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, www.hktdc.com


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