Chief Executive John Lee on Thursday said Vietnam's rapid economic growth offers lucrative business opportunities for Hong Kong enterprises.

Lee's comment came as Hong Kong signed eight memoranda of understanding with Vietnam, covering areas such as aviation development, investment and commerce.

Earlier in the day, the CE met Vietnamese Deputy Prime Minister Tran Luu Quang.

During their discussions, Lee said that Hong Kong serves as an ideal hub for Vietnam to expand its presence in overseas markets, being as it offers exceptional financial, legal and professional services.

Meanwhile, Tran said the talks focused on strengthening trade and cooperation between the two places, noting Hong Kong's substantial investments in Vietnam.

In the afternoon, Lee met Chinese Ambassador to Vietnam Xiong Bo at the embassy in Hanoi.

Xiong said the SAR has transitioned from stability to prosperity, under Lee's leadership.

The ambassador also affirmed the central government's support for Hong Kong's Regional Comprehensive Economic Partnership (RCEP) bid, as well as its participation in Sino-Asean cooperation.

The CE's visit to Vietnam is the final leg of a six-day trip in Southeast Asia.

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Last updated: 2024-08-01 HKT 17:35