BUD Fund provides up to HKD 4 million to HK firms to brand, upgrade and develop in mainland China and Free Trade Agreement regions.
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
Under the Anti-epidemic Fund of the HKSAR Government, the Employment Support Scheme (ESS) had two phrases, June to August and September to November this year. Companies accepting the ESS subsidy cannot cut jobs during the period. Therefore some enterprises such as Cathay Pacific didn’t apply for the second phrase. The ESS completed on 30th Nov … 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
E-Commerce evolves rapidly in recent years, and global online commerce demand increases immensely due to COVID-19 pandemic. Indonesia is one of the fastest growing online economy. The country is abundant of natural resource, labour export for years. As well as good policy and information technology advancement, the new economy moves fast. The SUCCESS of the … Read more
One of the core of the BUD Fund is brand development. In order to protect the brand, we have to manage the intellectual property (IP) properly. The SUCCESS of the Trade Industry Department arranges the online seminar to discuss about intellectual property registration. It includes the difference between trademark, copyright and patent, also the intellectual … Read more
Up to now (8/11/2020), the US presidential election doesn’t have a final projection yet. Democrat candidate Joe Biden won most of the swing states and more than 270 electoral votes. Republican candidate Donald Trump (the present president) doesn’t agree to lose and about to appeal to the Supreme Court. It is likely that another case … Read more
As COVID-19 epidemic slowed down in Hong Kong, China and Southeast Asia, it is time for Hong Kong companies to plan the business expansion. The BUD Fund is implemented by the Hong Kong Productivity Council. Under the Fund, the Mainland Programme and the FTA Programme (formerly known as ASEAN Programme) provide a one-to-one subsidy up … Read more
