Don’t wait for clearance. BUD Fund for e-Commerce.

E-Commerce can cross the border

The Chief Execute-elect John Lee said, the re-opening of mainland border is the first priority job of his term. However, it is clearly not pragmatic to wait for the re-opening at this moment. “Zero-COVID policy” are only in several countries and regions in the world. Even isolated North Korea reported thousands of cases recently. Scientists … Read more

Which countries are supported by BUD Fund?

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(This page is updated up to April 2022) The BUD Fund consists of “Mainland Programme” and “FTA and IPPA Programme“, and supports related projects in Mainland China and FTA and IPPA economies respectively. The FTA and IPPA Programme was originally the ASEAN Programme to supports projects in the ASEAN member states. Later on the Programme … Read more

BUD Fund 2nd phase extension 2022

International Trade

From 14th Feb 2022, the 2nd phase extension of the BUD Fund will be in effect as below: The FTA & IPPA Programme will extend to Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom. The total subsidy remains unchanged as HKD 6,000,000 on one-to-one basis. … Read more

BUD Fund: Preview 2022

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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

Webinar: Government Funding Support

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

T-BOX: Intro to BUD Fund

BUD Fund poster - BizMagnet Limited

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

BUD Fund enhancement 2021

BUD Fund poster - BizMagnet Limited

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

Webinar: Vietnam retail ecosystem

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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

Seminar: ASEAN E-commerce

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

Online workshop: Vietnam search market

Webinar

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