Vietnam - an attractive market for Hong Kong entrepreneurs

(VOV) - Vietnam’s cheap labour force and low land lease fees remain attractive to investors from Hong Kong (China).

Since 1970, Hong Kong-based Sunwah Group has effectively cooperated with Vietnamese businesses in such fields as agriculture, seafood, real estate and fund management.

Sunwah Group President Janathan Chois said in Hongkong’s Skypost newspaper on May 2 that Vietnam has attracted many foreign investors thanks to its simplified tax procedures, and low-cost labour.

He affirmed that the group will further invest in Vietnam although its investment in the country has made up nearly 50 percent of the total in Southeast Asia.

A leading economist from the Hong Kong Trade Development Council said that Vietnam’s investment environment is favorable for Chinese businesses to build factories as Vietnamese workers are technically qualified enough for employment.

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