In February 2024, Yi Da Denim Mill (VN) Co. Ltd. secured an Investment Registration Certificate from the Provincial Industrial Zones Management Board in Nam Dinh to establish a textile production project in Rang Dong Textile Industrial Park. The project, backed by Crystal Group from Hong Kong, boasts a total registered capital of 1,467 billion VND, split into three phases. Phase I, with an investment exceeding 880 billion VND, will focus on dyed and undyed fabric and clothing production, commencing official operations in the third quarter of 2026. Meanwhile, YKK, the world's leading zipper company, inaugurated a second, more advanced factory in Vietnam's Dong Van Industrial Park (Ha Nam), reflecting their significant growth over 25 years in Vietnam, with a workforce now totaling 2,800. With the influx of FDI in the textile sector, spearheaded by projects like SAB Group's recent venture in Thanh Hoa, Vietnam's textile and garment exports are rebounding, showcasing a promising trajectory with over 60% of total export turnover attributed to FDI enterprises.

Delivering the opening keynote to the workshop, Mr. Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), said that Vietnam - Hong Kong trade and investment cooperation has grown fruitfully for years. Hong Kong is currently one of Vietnam's 10 largest trading partners and ranks 6th in the export market. In 2023, the bilateral trade was estimated at US$11.24 billion. In the year, Hong Kong's foreign direct investment (FDI) into Vietnam amounted to US$4.68 billion, ranking third among foreign investors in Vietnam. For its part, Vietnam is also Hong Kong’s second-largest trading partner in ASEAN and Hong Khong’s 7th largest global trade partner. Hong Kong is well-known for its strength as a gateway for investment, trade, finance, and logistics between China and the region and the world through the “Belt and Road” Initiative and “Hong Kong - Guangzhou - Macao Greater Bay Area”. This important factor will boost economic relations between Vietnam and Hong Kong as well as between ASEAN countries with East Asian economies and the world.