Deputy PM Ho Duc Phoc holds meeting with leader of China's Hong Kong SAR John Lee Ka-chiu

WVR - On December 19, during his working visit to Hong Kong, China, Deputy Prime Minister Ho Duc Phoc met with Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu.
Deputy PM Ho Duc Phoc holds meeting with leader of China's Hong Kong SAR John Lee Ka-chiu
Deputy Prime Minister Ho Duc Phoc meets with Chief Executive of Hong Kong SAR, China, John Lee Ka-chiu. (Photo: Bao Chi)

During the meeting, Deputy Prime Minister Phoc expressed his deepest condolences to the families of the victims of the apartment fire in Hong Kong. He praised the positive developments in cooperation across various fields between Vietnam and Hong Kong and congratulated Hong Kong on successfully organizing the eighth Legislative Council election.

The Deputy Prime Minister affirmed that Vietnam always respects and supports the "one country, two systems" policy, the Basic Law, and related regulations of Hong Kong. He supports Hong Kong's prosperous development and the happiness of its people, and encourages ministries, sectors, and localities to enhance and deepen friendly exchanges and comprehensive cooperation with Hong Kong in economics, trade, investment, finance, and tourism.

Welcoming Deputy Prime Minister Ho Duc Phoc and the Vietnamese government delegation, Chief Executive John Lee expressed confidence that this visit would significantly boost mutually beneficial cooperation between Hong Kong, China, and Vietnam. He emphasized the importance of advancing bilateral relations across various fields, contributing to enriching the comprehensive strategic partnership between China and Vietnam.

Chief Executive John Lee expressed his delight and congratulated Vietnam on its significant socio-economic achievements in recent times. He is confident that Vietnam will continue to prosper and enhance its role and position on the international stage. He affirmed that the Hong Kong government and business community have strong faith in Vietnam's potential and development prospects, as well as in the relationship between Hong Kong SAR and Vietnam.

To further strengthen cooperation in the future, both sides agreed to continue effectively implementing the common understandings of the high-level leaders of Vietnam and China and the outcomes of visits between Vietnamese and Hong Kong leaders. The focus will be on enhancing exchanges and delegations at all levels, promoting the establishment of cooperation frameworks, and expanding and improving the quality and effectiveness of economic, trade, investment, and financial cooperation. Hong Kong is ready to share its experience in financial and monetary policy management, especially in establishing and operating a gold exchange. They aim to promote strategic connectivity, encourage Hong Kong businesses to invest in large-scale infrastructure connectivity, innovation, digital economy, green economy, circular economy, energy transition, connect the two stock markets, and support Vietnamese enterprises in listing on the Hong Kong market.

Both sides also agreed to enhance cooperation in citizen protection, justice, and law enforcement, further facilitating the Vietnamese community in Hong Kong. Chief Executive John Lee appreciated the academic achievements of Vietnamese students studying at top universities in Hong Kong and expressed readiness to provide more scholarships for outstanding Vietnamese students. He hopes to expand cultural, educational, tourism, and labor exchanges and cooperation, effectively coordinate in multilateral economic cooperation mechanisms and frameworks where both sides are members, contributing to deepening bilateral cooperation and the strategic significance of the Vietnam-China Comprehensive Strategic Partnership and the Community of Shared Future.

During his visit to Hong Kong, Deputy Prime Minister Ho Duc Phoc met with Jonathan Choi, Chairman of Sunwah Group and VinaCapital Investment Fund. The group highly values Vietnam's investment environment, especially the policy of establishing the International Financial Centre (IFC), and is ready to invest in the IFC in Ho Chi Minh City, as well as connect Chinese and Hong Kong investors in new fields such as green finance and digital assets.

From December 17-19, the delegation conducted surveys in Shanghai and Hong Kong, working with the leadership of the World Gold Council in Shanghai, the Hong Kong Stock Exchange and Futures Exchange, and the Hong Kong Gold Exchange to exchange experiences in building and operating a gold exchange and to understand the legal framework and market management policies for gold.

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