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WEEKLY DIGEST FROM HKSAR GOVERNMENT
We are pleased to share with you the latest copy of “Weekly Digest” (17.10.2019 - 23.10.2019), which is a weekly round-up of news and information on Hong Kong prepared by the Information Services Department (ISD) of Hong Kong SAR Government.
Should you have any queries on the content of this Weekly Digest, please feel free to contact Hilary Wu of Overseas Public Relations Sub-division of ISD at hilarywu@isd.gov.hk. If your association would not prefer to receive this weekly update, please contact the Federation Secretariat athkfederation@hktdc.org.
Content by ISD's media partners
CNBC: "The Future of Law - How AI is reshaping legal services" Read more
The Wall Street Journal: "The Start-up Journey" Read more
The Wall Street Journal: "Hong Kong's Growing Cultural Cachet" Read more
Selected press releases
HK continues to draw multinationals and start-ups, survey shows Read more
FS announces additional measures to support enterprises and safeguard jobs Read more
SCED on support measures for tourism sector Read more
FS attends IMF and World Bank meetings in Washington Read more
FS promotes HK financial industry in US Read more
DOJ clarifies legal issues relating to Taiwan homicide case Read more
HKSARG: Taiwan has no authority to send officers to HK to escort suspect Read more
HKSARG: Self-surrender case can be fully handled outside criminal juridical assistance mechanism Read more
Government statement on Taiwan homicide case Read more
Selected speech
FS on managing change in an uncertain landscape
“Thanks to our boundless business resilience, and to the pragmatism and flexibility of our society, we have always found the means to turn adversity to our advantage. And I am confident that our indomitable spirit – the spirit of Hong Kong – will see us through today's uncertainties.” Read more
Related News
MEMBER CORNER / PROMOTIONS
KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA
From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
TECHNOLOGY
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
GARMENT / TEXTILE
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.
LEGAL UPDATE / POLICY
FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH
Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.
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