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EMERGENCE OF NEW TECHNOLOGIES AND INNOVATIONS IN LIGHT OF COVID-19
During the past few months, various industries adopted technologies to tackle the drastic changes brought by the global pandemic. The outbreak of COVID-19 also sparked a wave of innovation to solve daily life challenges. Here you may find some interesting and inspiring stories:
• How COVID-19 crisis creates powerful catalysts for change (read more)
• HKTDC’s Spring Virtual Expo attracted 1.4 million online visitors worldwide (read more)
• Banking giants go digital amid the pandemic to stay competitive (read more)
• Boosting local food supply with advanced technology (read more)
• Local mobile ticketing app cooperates with merchants to offer remote queuing service for medical masks (read more)
• Logistics industry transforms to support online trading (read more)
• Tech-savvy fashion shows – virtual supermodels display latest designs (read more)
We shall continue to share more information of interest to all. Let’s stay strong and continue to support each other to prevail in this challenging period!
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Federation of Hong Kong Business Associations Worldwide Limited
c/o Hong Kong Trade Development Council
38/F, Office Tower, Convention Plaza, 1 Harbour Road, Wan Chai, Hong Kong
Tel: (852) 1830 668
Email: hkfederation@hktdc.org
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MEMBER CORNER / PROMOTIONS
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
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FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
PROPERTY / INDUSTRIAL ZONE
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
VIETNAM ECONOMY INVESTMENT
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.
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