Hong Kong’s exports to Vietnam surged 20 per cent year on year to HKD50 billion in the first eight months of this year, with the Southeast Asian country edging out Taiwan and Germany to become the fifth-largest export destination.
“More and more global companies have moved their manufacturing bases to Vietnam and Hong Kong has become a hot spot for logistical transit,” said a principal economist for Asian and emerging markets at the Hong Kong Trade Development council.
In a standard Chartered survey published in May 2015, more than 30 per cent of Manufacturers in Guangdong’s Pearl River Delta said Vietnam was their favoured option for factory relocation.
~ SCMP, October 26, 2015 ~