(VEN) - Hong Kong Economic and Trading Office (ASEAN) director Fong Ngai talked about the economic cooperation between Vietnam and Hong Kong, China as well as the market's role in promoting Vietnamese goods to the world in an interview with Vietnam Economic News' reporter Nguyen Huong. It can be said that the economic cooperation between Vietnam and Hong Kong, China has grown rapidly in both quantity and quality in recent times. For five years, annual average trade turnover between Hong Kong, China and Vietnam increases by 29 percent. In 2011, two-way trade turnover reached US$3.1 billion, an increase of 34.7 percent compared to 2010. Therefore, Vietnam has become the fourth largest trading partner of Hong Kong, China in the ASEAN region. Rice is the largest export of Vietnam to Hong Kong, China. 90 percent of rice imported by Hong Kong, China in the past was from Thailand. However, in recent times, Vietnam's rice has gradually showed a competitive advantage with good quality and low … [Read more...] about Hong Kong connects Vietnamese goods to global market
Hong kong economic and trade office
Double Taxation Avoidance Agreement between Viet Nam and Hong Kong
The seminar was aimed at introducing regulations on the agreement in order to help Vietnamese and Hongkongese enterprises prepare and know clearly about the aforementioned agreement prior to the agreement coming into effect, bringing real benefit to enterprise community in the two sides. The double taxation avoidance agreement and the agreement on preventing taxation evasion with income-related taxes were signed between Viet Nam and the Hong Kong Special Administrative Region on December 16, 2008 in Ha Noi and will come into effect on January 1, 2010. Enterprises and people in the two sides will benefit once the agreements come into effect. Accordingly, if Vietnamese and Hongkongese enterprises and people pay taxes for their incomes and profit that they earned in Viet Nam or Hong Kong to the state budget of Viet Nam or Hong Kong, respectively, tariffs that they must pay to their mother countries will be deducted. The agreement was signed in order to foster the trade and investment … [Read more...] about Double Taxation Avoidance Agreement between Viet Nam and Hong Kong
Vietnam metro to host Hong Kong Film Festival
Anthony Wong Chau Sang, also known as Huang Qiusheng, an award-winning actor, screenwriter and film director from Hong Kong will attend the global premiere of "Ip Man: The Final Fight" in Ho Chi Minh City on March 22. The film's director, Herman Yau, will accompany Wong on his trip to Vietnam. The action movie's premiere also kicks off the 2013 Hong Kong Film Festival, which will be held for the first time in HCMC from March 22 to 27. The week-long event, hosted by the Hong Kong Economic and Trade Office in ASEAN, aims to strengthen bilateral trade, investment and cultural exchange between Hong Kong and Vietnam. There will be ten Hong Kong films presented at the festival, including "Life without Principle, "Overheard," "The Viral Factor" and "Love in the Buff." The films will be screened at BHD Star Cineplex Icon 68 at Bitexco ICON 68, 2 Hai Trieu Street in District 1. Free tickets for the films will be available two hours before the screening time at the cinema. Each … [Read more...] about Vietnam metro to host Hong Kong Film Festival
Hong Kong Film Festival in town
Hong Kong Film Festival in town Kieu Giang By Kieu Giang in HCMC Movie lovers have the opportunity to watch some amazing flicks at the first Hong Kong Film Festival in Vietnam from March 22 to 27 at BHD Star Cineplex Icon 68 in District 1. Especially, famous actor Anthony Wong and director Herman Yau of the movie Ip Man: The Final Fight will attend the movie premiere in HCMC as well as the opening ceremony of the festival on March 22. The event which is organized by the Hong Kong Economic and Trade Office in ASEAN is expected to screen eight movies - Diep Van-Tran chien cuoi cung (Ip Man: The Final Fight), Doat menh kim (Life without Principle), Thiet thinh phong van (Overheard), Nghich chien (The Viral Factor), Xuan Kieu va Chi Minh (Love in the Buff), Diep vu doi dau (Cold War), Luon co anh ben doi (The Road Less Traveled) and My nu lua tinh (A Beautiful Life). The above movies feature leading Hong Kong actors including Shu Qi, Donnie Yen, Jay Chou, Louis Koo, Nicholas Tse and … [Read more...] about Hong Kong Film Festival in town
Vietnam-Hong Kong economic ties get closer and stronger
Vietnam is advancing in the list of Hong Kong's top trading partners in the Association of Southeast Asian Nations (ASEAN). Fong Ngai, who is director of the Hong Kong Economic and Trade Office in Singapore and responsible to promote economic ties between Hong Kong and ASEAN, told The Saigon Times Daily about firm fundamentals that Vietnam and the Hong Kong Special Administrative Region (HKSAR) have established to expand their relations after his recent working trip to this country. Excerpts: The Saigon Times Daily: How has the bilateral trade between Hong Kong and Vietnam fared in the face of economic and financial woes worldwide in the past years? Fong Ngai - Fong Ngai: In 2010, ASEAN as a whole overtook the EU and the U.S. to become our second largest trading partner, and the overall trade balance was in favor of ASEAN. Among the ASEAN countries, the economic relation between Vietnam and Hong Kong is getting closer and stronger. The average annual growth rate in bilateral … [Read more...] about Vietnam-Hong Kong economic ties get closer and stronger