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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
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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