Want to be in the loop?
subscribe to
our notification
Business News
HK, VIETNAM SIGN IMMIGRATION PACT
Secretary for Security Tang Ping-keung began his visit programme in Vietnam today by calling on the Ministry of Public Security and witnessing the signing of a memorandum of understanding (MOU) on co-operation concerning immigration matters between Hong Kong and Vietnam.
In the morning, Mr Tang met Vietnam’s Deputy Minister of Public Security Luong Tam Quang and introduced to him Hong Kong's latest situation.
Both sides exchanged views on the collaboration of immigration matters and the safeguarding of public safety.
They then witnessed the signing of the MOU by Director of Immigration Au Ka-wang and Vietnam’s Director General of Immigration Department Pham Dang Khoa on enhancing co-operation in respect of immigration matters linking the two places.
The pact will enhance exchanges of experience and information in relation to immigration matters between both places in various areas, including detecting and seizing fake travel documents, as well as preventing and combatting illegal entry and exit.
The two places will also strengthen co-operation on verification and repatriation of illegal migrants to enhance efficiency.
Noting that the exchanges between Hong Kong and Vietnam in terms of trade and people-to-people connection have been increasing over the years, Mr Tang said the signing of the MOU signifies that their close relations have scaled new heights.
He welcomed more Vietnamese visitors to travel to Hong Kong and do business in the city. He also expressed his hope that more young talent in Vietnam will pursue their studies in Hong Kong and stay to develop their careers after graduation.
In the afternoon, Mr Tang had a meeting with the heads of the Department of External Security, the Department of Homeland Security and the Department of Foreign Relations under Vietnam’s Ministry of Public Security, and exchanged views with them on matters including anti-terrorism and the safeguarding of national security.
In the evening, Mr Tang visited a Hong Kong enterprise's investment in Vietnam to learn about its operation and the local business environment.
Apart from meeting some Hong Kong people in Vietnam to understand more about the socio-economic situation there, he also briefed the group about the latest developments in Hong Kong.
Mr Tang will depart for Singapore tomorrow.
Source: News.gov.hk
Related News
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
CENTRAL BANK ISSUES NEW DECISIONS ON DEPOSIT INTEREST RATES
The other holds that the maximum interest rate for Vietnamese đồng-denominated deposits with terms of less than one month of organisations and individuals at credit institutions and foreign bank branches is 0.5 per cent per year. Additionally the maximum interest rate applied to deposits with terms from one month to less than six months is 4.75 per cent per year.
HIGH-TECH PERSONNEL TO DRIVE COMPETITION
Vietnam is advancing new mechanisms and incentives to strengthen workforce quality as part of a strategy to engage high-tech investment and enhance its economic competitiveness. The government announced at a recent National Assembly (NA) session that it would increase investments in education and training quality in the next few months.
VIETNAM SET TO ENHANCE CUSTOMS QUALITY AND EFFICIENCY
The policy outlines the GDC's objectives to enhance the effectiveness and efficiency of State customs management, align with development and international integration needs, and streamline the import, export and transit of goods, as well as the entry, exit and transit of means of transport.
REAL ESTATE BUSINESSES EXPAND INTEREST IN AVAILABLE LAND TO THRIVE IN 2025
Real estate companies are vigorously seeking available land to prepare for a new wave of investment in 2025.The Ministry of Construction’s October report highlighted that legality, liquidity, and land use fees are the primary considerations for businesses selecting land investments.