The BUD Fund provides 2 programmes (“Mainland Programme” and “FTA Programmes”) to Hong Kong companies to brand, upgrade and promote in dedicated markets. The 1-to-1 matching fund gives a cumulative amount of HK$ 4,000,000.
Hong Kong experienced unprecedented changes since 2019. Social unrest in 2019, National Security law and the change in trade status in 2020, and also global COVID-19 pandemic, all make fundamental changes to Hong Kong business environment. As BizMagnet government funding consultant expected, the HKSAR Government cannot reduce support to business due to political and economic … Read more
Under challenges of the globe and the region, the Hong Kong Government upgraded the FTA Programme of the BUD Fund to FTA & IPPA Programme in July 2021. Besides ASEAN and other FTA regions, it extends to Japan and Korea. The upper limit of funding (both Mainland Programme and FTA & IPPA Programme) raised from … Read more
From July 2021, the FTA Programme of the BUD Fund has upgraded to “FTA and IPPA Programme“. Besides the ASEAN and FTA economies, the Programme now supports also Japan and Korea. The total subsidy of Mainland Programme and FTA and IPPA Programme increases from HK$4 million to $6 million. By the BUD Fund, HK enterprises … Read more
From 30th July 2021, the BUD Fund enhances again as below: The FTA Programme now extends to Japan and Korea (Economies of “Investment Promotion and Protection Agreement”, IPPA) and renames to “FTA and IPPA Programme” The total subsidy of “Mainland Programme” and “FTA and IPPA Programme” increases from $4M to $6M BizMagnet government funding consultancy … Read more
Vietnam is one of the few Southeast Asian countries that can control COVID-19 epidemic well. In addition, the e-Commerce market keeps boosting in Vietnam and we expect that its scale will be about USD $52 billion in 2025. Many Hong Kong businesses are looking forward to enter Vietnam for more opportunities. The Hong Kong Trade … Read more
There are around 400 million Internet users in the ASEAN countries including Indonesia, the Philippines, Malaysia, Thailand etc. The economy grows rapidly and the e-Commerce atmosphere is quite unique. The Hong Kong Trade Development Council (HKTDC) organizes the webinar “Riding on the E-commerce Bandwagon: ASEAN Opportunities” to discuss the Southeast Asian economy and consumer features, … Read more
Vietnam is one of the fastest growing economy in the Southeast Asia. Google search in Vietnam grows rapidly and it is estimated that the e-Commerce market will have the size of 52 billion US dollar in 2025. In order to help local businesses to better understand Vietnam search market, the Hong Kong Trade Development Council … Read more
Announced in the 2021/22 Budget, the government proposed to improve further the BUD Fund, including the following measures: Additional injection of $1.5 billion Expansion of geographical coverage to 37 economies (previously 20 economies) Increase of the funding ceiling for each company to $6 million (previously $4 million) According to sources, the Secretariat of the BUD … Read more
An early research by the HKTDC discovered that the consumers in Kuala Lumpur have accepted e-Commerce more and more. Many retailers which target on Malaysian consumers have joined local popular e-Commerce platform such as Lazada (the largest e-Commerce platform in Southeast Asia) and Shopee etc. The ASEAN economies grow fast in recent years with young … Read more
The local and global economy suffered from the COVID-19 pandemic. In order to assist local SMEs, the Hong Kong Government enhanced the BUD Fund further. The BUD Fund subsidizes Hong Kong eligible companies to expand in mainland and FTA markets (includes ASEAN), upgrade, transform and brand. The Mainland Programme and the FTA Programme (formerly known … Read more