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
BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY
Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.
VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS
Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.
VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1
Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.
VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050
Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.
FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY
According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.
FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND
Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.
























