Want to be in the loop?
subscribe to
our notification
Business News
HK, VIETNAM SIGN IMMIGRATION PACT
Secretary for Security Tang Ping-keung began his visit programme in Vietnam today by calling on the Ministry of Public Security and witnessing the signing of a memorandum of understanding (MOU) on co-operation concerning immigration matters between Hong Kong and Vietnam.
In the morning, Mr Tang met Vietnam’s Deputy Minister of Public Security Luong Tam Quang and introduced to him Hong Kong's latest situation.
Both sides exchanged views on the collaboration of immigration matters and the safeguarding of public safety.
They then witnessed the signing of the MOU by Director of Immigration Au Ka-wang and Vietnam’s Director General of Immigration Department Pham Dang Khoa on enhancing co-operation in respect of immigration matters linking the two places.
The pact will enhance exchanges of experience and information in relation to immigration matters between both places in various areas, including detecting and seizing fake travel documents, as well as preventing and combatting illegal entry and exit.
The two places will also strengthen co-operation on verification and repatriation of illegal migrants to enhance efficiency.
Noting that the exchanges between Hong Kong and Vietnam in terms of trade and people-to-people connection have been increasing over the years, Mr Tang said the signing of the MOU signifies that their close relations have scaled new heights.
He welcomed more Vietnamese visitors to travel to Hong Kong and do business in the city. He also expressed his hope that more young talent in Vietnam will pursue their studies in Hong Kong and stay to develop their careers after graduation.
In the afternoon, Mr Tang had a meeting with the heads of the Department of External Security, the Department of Homeland Security and the Department of Foreign Relations under Vietnam’s Ministry of Public Security, and exchanged views with them on matters including anti-terrorism and the safeguarding of national security.
In the evening, Mr Tang visited a Hong Kong enterprise's investment in Vietnam to learn about its operation and the local business environment.
Apart from meeting some Hong Kong people in Vietnam to understand more about the socio-economic situation there, he also briefed the group about the latest developments in Hong Kong.
Mr Tang will depart for Singapore tomorrow.
Source: News.gov.hk
Related News
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.






















