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Business News
WEEKLY DIGEST FROM HKSAR GOVERNMENT (05.03.2020 - 11.03.2020)
Updated Hong Kong Themes
Hong Kong’s multi-pronged response to the novel coronavirus (English/Chinese)
Talent admission (English/Chinese)
Selected press releases
World Justice Project reaffirms HK's high standing in Rule of Law index Read more
Quarantine for inbound travellers beefed up Read more
Health measures at HKIA strengthened Read more
HKSARG airlifts more HK residents stranded in Hubei Read more
Response to US report: safeguarding human rights and freedoms is a constitutional duty of the HKSARG Read more
This week on BrandHK
JOCKEY CLUB HELPING HK RIDE OUT THE COVID-19 STORM
HK EXPANDS QUARANTINE MEASURES TO INBOUND TRAVELLERS FROM HARD-HIT REGIONS
HONG KONG REMAINS VIGILANT AGAINST FINANCIAL SHOCKS AMID VOLATILE US STOCK MARKET
HK LEADS IN HIGH-TECH COVID-19 MONITORING
HK BIOTECH DEVELOPER DONATES COVID-19 TESTING R&D
TASTE OF HONG KONG ON NETFLIX
HK RESIDENTS AIRLIFTED FROM WUHAN
I&T RESEARCH FUNDING TO COVER ALL TECH COMPANIES IN HK
Related News
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EXPLORE HONG KONG WITH A COMPANION
From now until 19 August 2024, you can enjoy our exclusive Fly 2 Hong Kong offer on round-trip Economy flights from USD364^ for 2 persons, sponsored by Hong Kong International Airport. Bring along a travel buddy and experience together the excitement and charm of our vibrant home city.
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BUSINESSES INCREASE WISHES FOR SPECIALISED INDUSTRIAL PARKS
Data centres, industrial parks (IPs) reserved for high-tech production, and parks serving Chinese, the United States, Taiwanese, or Japanese investors are gradually being formed to welcome new funding waves, according to Truong An Duong, general manager of North Vietnam and Residential at Frasers Property Vietnam.
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VIETNAM’S H1 ECONOMIC GROWTH QUITE IMPRESSIVE: ADB COUNTRY DIRECTOR
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year. The growth was mainly driven by strong trade recovery, where export grew by 14.5 per cent and import by 17 per cent over last year, he told the Vietnam News Agency. However, he said, the domestic segment remained sluggish.
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REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
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GOV’T UNVEILS ACTION PLAN TO ACCELERATE INDUSTRIALISATION
Vietnam aspires to become among the top three industrial powerhouses in ASEAN, with the industrial sector contributing over 40 per cent to GDP. The manufacturing and processing sector is expected to account for around 30 per cent of GDP, with a strong emphasis on high-tech products aiming for over 45 per cent of the sector's value. To further drive the economy, the service sector is projected to contribute over 50 per cent to GDP, with tourism alone generating 14-15 per cent.
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VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.