Việt Nam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tension between the US and China, a banking official said yesterday.

Besides the bilateral Free Trade Agreements (FTAs) that they have individually signed with other countries, each ASEAN member state is a signatory to the ASEAN Free Trade Area (AFTA) between themselves as well as the several FTAs that the regional trade bloc has signed with some of the major economies in the Asia-Pacific region.

The two-day Asian Logistics and Maritime Conference, which ended on Wednesday in Hong Kong, drew the participation 70 speakers from the logistics and maritime sectors and 2000 industry professionals from 30 countries.

Investors from Hong Kong (China) are increasing their capital in Vietnam to grasp opportunities brought by trade and investment agreements inked between the two sides.

Vietnamese firms can overcome their internal limitations by doing business in and with Hong Kong, experts say.

A new Free Trade Agreement (FTA) between Hong Kong and the Association of Southeast Asian Nations (ASEAN) and a related Investment Agreement are set to create fresh opportunities for business collaboration between Hong Kong and Myanmar.

On November 12, 2017, Hong Kong and the Association of Southeast Asian Nations (ASEAN) signed free trade and investment agreements to strengthen economic cooperation between the two regions and stimulate economic development.

After three years of negotiations, ASEAN members and the Hong Kong Special Administrative Region (SAR) of China finally signed a Free Trade Agreement (FTA) on 12 November to increase economic cooperation between the two regions.

On November 12, 2017, the Association of Southeast Asian Nations (ASEAN) and Hong Kong Special Administrative Region (SAR) of China signed a free trade and investment pact to strengthen economic cooperation between the two regions and stimulate economic development.