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WEEKLY DIGEST FROM HKSAR GOVERNMENT
We are pleased to share with you the latest copy of “Weekly Digest” (17.10.2019 - 23.10.2019), which is a weekly round-up of news and information on Hong Kong prepared by the Information Services Department (ISD) of Hong Kong SAR Government.
Should you have any queries on the content of this Weekly Digest, please feel free to contact Hilary Wu of Overseas Public Relations Sub-division of ISD at hilarywu@isd.gov.hk. If your association would not prefer to receive this weekly update, please contact the Federation Secretariat athkfederation@hktdc.org.
Content by ISD's media partners
CNBC: "The Future of Law - How AI is reshaping legal services" Read more
The Wall Street Journal: "The Start-up Journey" Read more
The Wall Street Journal: "Hong Kong's Growing Cultural Cachet" Read more
Selected press releases
HK continues to draw multinationals and start-ups, survey shows Read more
FS announces additional measures to support enterprises and safeguard jobs Read more
SCED on support measures for tourism sector Read more
FS attends IMF and World Bank meetings in Washington Read more
FS promotes HK financial industry in US Read more
DOJ clarifies legal issues relating to Taiwan homicide case Read more
HKSARG: Taiwan has no authority to send officers to HK to escort suspect Read more
HKSARG: Self-surrender case can be fully handled outside criminal juridical assistance mechanism Read more
Government statement on Taiwan homicide case Read more
Selected speech
FS on managing change in an uncertain landscape
“Thanks to our boundless business resilience, and to the pragmatism and flexibility of our society, we have always found the means to turn adversity to our advantage. And I am confident that our indomitable spirit – the spirit of Hong Kong – will see us through today's uncertainties.” Read more
Related News
VIETNAM ECONOMY INVESTMENT
HCMC: ‘5+1’ MODEL AIMS TO LIFT SERVICES TO 75% OF GRDP BY 2040
High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.
PROPERTY / INDUSTRIAL ZONE
HCMC PROPOSES NO MARKUP ON OFFICIAL LAND PRICES
HCMC’s Department of Natural Resources and Environment has proposed setting the land price adjustment coefficient, known as the K factor, at 1 for households and businesses, meaning land-use fees and rents would be calculated directly from the official land price table without any upward adjustment. The proposal, included in the third draft regulation submitted by the department to the land price appraisal council, is intended to ease financial burdens on residents and businesses while supporting a recovery in the real estate market.
PROPERTY / INDUSTRIAL ZONE
TOURISM AND INFRASTRUCTURE FUEL VIETNAM'S REAL ESTATE GROWTH
According to Chung, 2026 is considered a pivotal year as the Vietnamese economy enters a new development phase with a series of new policies on socioeconomic development, planning, and infrastructure investment. Against the backdrop, the real estate market is facing significant opportunities to enter a new development cycle.
VIETNAM ECONOMY INVESTMENT
ĐẮK LẮK LAUNCHES THREE MANUFACTURING PROJECTS WORTH US$30 MILLION
Đắk Lắk Province has broken ground on three new industrial projects at Hòa Hiệp 1 Industrial Park with a combined investment of nearly VNĐ790 billion (US$30.2 million). The projects are the Agrilong–Green World Fertiliser Plant, the Bá Hải Canned Food Processing Plant, and the Kotinochi Phú Yên Semi-Trailer and Spare Parts Manufacturing Plant. The investors are Hoang Long Vina JSC, Ba Hai JSC, and Kotinochi JSC, respectively.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
SMART ENERGY INFRASTRUCTURE CRITICAL FOR GREEN GROWTH
Developing smart energy infrastructure will be critical for Việt Nam to achieve its green growth ambitions, as the global energy transition has entered a new phase that requires more flexible, resilient and digitally enabled energy systems. At the Smart Energy Infrastructure Development Forum in Hà Nội, experts said that countries must move beyond simply expanding renewable power generation and focus on building smarter energy systems.
VIETNAM ECONOMY INVESTMENT
QUẢNG NINH ADJUSTS GRDP GROWTH TARGETS FOR EACH QUARTER
The northern province of Quảng Ninh posted broad-based socio-economic expansion in the first half and is pushing to deliver full-year gross regional domestic product (GRDP) growth above 13 per cent, an all-time high. To achieve more than VNĐ100 trillion (US$3.7 billion) in state budget revenue this year, the provincial People's Committee has set a target of 13.21 per cent GRDP growth, with quarterly growth projected at 12.58 per cent in the second quarter, 15.48 per cent in the third and 14.86 per cent in the fourth.
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