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| Swallow's nest products being packaged at a factory in Khanh Hoa Province. The customs department reported that Vietnamese exports to Hong Kong grew 31.36 per cent year on year to touch US$2.1 billion during the first half of this year. — VNA/VNS Photo Vu Sinh |
HA NOI (Biz Hub) — Vietnamese exports to Hong Kong posted strong growth in the first half of this year, according to Viet Nam's general department of customs.
The department reported that Vietnamese exports to Hong Kong grew 31.36 per cent year on year to touch US$2.1 billion during the first half of this year.
These export products included camera and camera components, all kinds of telephones and their components, computers, electronics and their components, machines, equipment, tools, textiles, garment, seafood, farm products, materials and subcomponents for textile, garment and footwear industries, wood products and electrical goods.
The general department of customs said that cameras and their components had the largest share of the total value of exports to Hong Kong at 27 per cent or $551.13 million, with a year-on-year surge of 39.6 per cent, reported.
The products which had the highest growth in export value in the first half of this year against the same period last year were computers and electronic products and their components (up 86.6 per cent), fibre (up 90.7 per cent), handbags, packages, hats and umbrellas (up 71.8 per cent), rubber products (up 54.5 per cent) and fruits and vegetables (up 92.2 per cent).
According to the Ministry of Industry and Trade's Industrial and Trade Information Centre, Hong Kong has a developed system of trading services, wholesale and retail. Additionally, Hong Kong is an important financial and trading centre in Asia and the world, and the headquarters of large companies of the Asia-Pacific region are located there.
In particular, Hong Kong is a trade and investment bridge linking mainland China with other countries, the ministry said. Therefore, Vietnamese exports would get many opportunities to enter the mainland China market and also other countries via Hong Kong. — VNS