Government grants business to take projects which are beneficial to the business itself, the industry and the society as a whole.
Due to the poor economic condition in Hong Kong, the Trade and Industry Department announced temporary measures to the Export Marketing Fund (EMF). The followings will be in effect for two years from 30th April, 2021. The supporting scope extends to large-scale exhibitions staged by organizers with good track record targeting the local market, as … 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 will enhance the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) to relieve further SMEs’ cash flow pressure. The improvement measures are as follows: Maximum amount of loan: the total amount of employee wages and rents for 18 months, or HK$6 million, whichever is lower … 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
Previously the Chief Executive Carrie Lam announced that the government seeks injection approval to the Anti-epidemic Fund before Christmas. The fourth round of the Anti-epidemic Fund will assist those sectors impacted by the social distancing measures. For instance, restaurants, beauty salons, fitness centres etc. The application is simple and even raised by the government. Nevertheless, … Read more
“We-media” is the influencing mass message brought from amateur content creator via the network. For example, real time live sale, commentary videos etc. This type of information source by amateur is very popular in mainland China. The rise of TikTok, KuaiShou etc accelerates the we-media growth. Due to the huge population of China, there are … 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
