Past Events

Vietnam’s economy is booming as the government focuses on attracting investment in high-tech industries, financial services, and professional services, said Do Quoc Hung, Director General, Asia-Africa Market Development, Ministry of Industry and Trade of Viet Nam, who led a delegation to the Chamber on 28 May to promote e-commerce, trade and investment.

He added that the new government is cutting red tape, revising laws and improving infrastructure to support its growing economy and to attract more overseas companies.

Small businesses and e-commerce are key drivers of Vietnam’s economic development, with e-commerce growing 22% in 2024 year-on-year to reach US$25 billion. According to Tran Thuy Tien from the E-commerce and Digital Economy Agency, under the National Master Plan on E-commerce, online retail sales are expected to grow 20-30% annually in the coming years.

Galvin Chia, Principal Economist, HKTDC, also speaking at the event, was equally bullish. A recent HKTDC survey ranked ASEAN as the market with the most potential, second only to China. He noted that the Hong Kong Government’s plan to inject HK$2.5 billion into the BUD Fund to support SMEs, along with expanding the E-commerce Easy program to all 10 ASEAN countries, will further drive ecommerce growth.

The discussions, hosted by Chamber General Committee Member Edmond Yue and Asia, Africa & Middle East Committee Chairman Dewan Saiful Alam, were followed by a productive networking session where attendees sampled Vietnamese F&B products.