Strengthening Ties: The Meeting Between Vietnam and Hong Kong

On December 19, 2025, a significant meeting took place between Deputy Prime Minister Ho Duc Phoc of Vietnam and Chief Executive John Lee Ka-chiu of the Hong Kong Special Administrative Region (HKSAR). Their discussion highlighted the importance of enhancing cooperation in various domains, emphasizing economic, trade, investment, and finance.

Thoughts on Recent Tragedies

During the meeting, Deputy Prime Minister Phoc expressed his condolences to the families affected by a tragic apartment fire in Hong Kong. His heartfelt message underscored the gravity of recent events and illustrated the compassionate side of diplomatic relations. Acknowledging such hardships can build a foundation of understanding and trust between nations.

Support for Hong Kong’s Governance

Phoc congratulated Hong Kong on successfully conducting its eighth Legislative Council election, reinforcing Vietnam’s steadfast support for the “one country, two systems” framework. This policy, along with the Basic Law and related regulations, forms the bedrock of Hong Kong’s governance and development. Vietnam’s assurance of support indicates a commitment to Hong Kong’s ongoing prosperity and the welfare of its citizens.

Expanding Economic Opportunities

In a move to deepen ties, Deputy Prime Minister Phoc encouraged various Vietnamese ministries and sectors to engage more actively with Hong Kong. The focus on enhancing cooperation in sectors such as tourism, finance, and trade signals Vietnam’s desire to bolster its economic footprint in the region.

Chief Executive John Lee welcomed these initiatives, expressing confidence that their collaboration could yield mutual benefits. His remarks highlighted the importance of strengthened bilateral relations, not only between Hong Kong and Vietnam but also across mainland China.

Strategies for Sustainable Development

Both leaders recognized the need to implement existing agreements more effectively, which were established during previous high-level exchanges. They agreed on priorities that include increasing dialogue at all levels and improving frameworks for cooperation in trade and investment. These strategic discussions aim to enrich the China-Vietnam comprehensive strategic cooperative partnership by fostering economic resilience and adaptability.

Financial and Technological Collaboration

A noteworthy aspect of their dialogue was Hong Kong’s readiness to share expertise in financial management, particularly in establishing a gold exchange. The commitment to support Vietnam’s growth in finance showcases Hong Kong’s role as a global financial hub. Furthermore, the promotion of strategic investments in infrastructure and innovation indicates a forward-thinking approach that emphasizes green technologies and the digital economy.

Supporting National Communities

The meeting also acknowledged the importance of citizen protection and law enforcement cooperation. Both sides agreed to enhance the welfare of the Vietnamese community residing in Hong Kong, showcasing a commitment to ensuring their rights and integrating them better into Hong Kong’s social fabric.

Educational Initiatives

Chief Executive John Lee expressed enthusiasm for expanding educational ties, particularly by offering additional scholarships to outstanding Vietnamese students. This initiative reflects a desire not only to enhance cultural exchanges but also to invest in human capital, fostering a new generation of leaders who can navigate the complexities of a globalized world.

Business Engagements

During the visit, Deputy Prime Minister Phoc met with Jonathan Choi, Chairman of the Sunwah Group, who underscored the positive investment climate in Vietnam. This meeting revealed a shared ambition to develop an International Financial Centre (IFC) in Ho Chi Minh City, signifying a synergy between private enterprise initiatives and government policies.

Conducting Research and Development

From December 17 to 19, the Vietnamese delegation engaged in a series of research activities in both Shanghai and Hong Kong. These included discussions with key financial entities like the World Gold Council and the Hong Kong Stock Exchange. By studying the legal frameworks and operational models of successful exchanges, Vietnam positions itself to better establish its own financial systems.

Integration in Multilateral Platforms

Both parties illustrated their commitment to cooperation within multilateral economic frameworks. By participating actively in regional and global platforms, Vietnam and Hong Kong aim to leverage shared economic interests for mutual growth.

This meeting undoubtedly serves as a key milestone in reinforcing Vietnam’s diplomatic footprint in Hong Kong, showcasing an overarching narrative of collaboration, mutual respect, and shared aspirations for the future.