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CHALLENGES AND OPPORTUNITIES IN HONG KONG AND THE MAINLAND CHINA UNDER COVID-19
The COVID-19 might have been heavily disrupted our daily lives and businesses over the past few months. However, every cloud has a silver lining. As the pandemic gradually being slow down, it is time to get prepare for upcoming business opportunities in different markets. The below-selected stories for Hong Kong and the Mainland China perhaps could provide you some insights:
• HKSAR Government’s Financial Secretary is confident of the city’s ability in withstanding fiscal woes (read more)
• Chinese Government’s comprehensive supporting policies for businesses under the pandemic (read more)
• Cloud services and 7 other sectors are expected to rise in the future (read more)
• Alibaba’s Jack Ma and others lead a new wave of promotion: Live-streaming in e-commerce (read more)
• How advanced digital technologies tackled the pandemic in China (read more)
• Would daily life and businesses continue to be filled up with robots after the recent rise of usage? (read more)
We shall continue to share more information of interest to all. Let’s stay strong and continue to support each other to prevail in this challenging period!
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Federation of Hong Kong Business Associations Worldwide Limited.
c/o Hong Kong Trade Development Council
38/F, Office Tower, Convention Plaza, 1 Harbour Road, Wan Chai, Hong Kong
Tel: (852) 1830 668
Email: hkfederation@hktdc.org
www.hkfederation.org.hk
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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
BANKING / FINANCE / INSURANCE / TAX
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
VIETNAM ECONOMY INVESTMENT
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
HR / LABOUR/ EMPLOYMENT
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
HOSPITALITY / TOURISM / ENTERTAINMENT
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
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