Hong Kong appears to have lost out to Singapore in recent years, as observed in the 40% differential of their 2014 per-capita GDPs. However, Singapore’s labour productivity is only 15% higher than Hong Kong’s, and there is no vast difference between the two in terms of their business environment. Against the backdrop of regional integration and cooperation, it may be more meaningful to focus on the complementary roles of the two economies.
Although some concerns remain over territorial disputes with China, many Vietnamese companies remain upbeat over the country's prospects as part of the Belt and Road initiative, while infrastructure work is already underway.
Central Asian countries (CACs), consisting of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, are not yet key export markets or investment destinations for Hong Kong companies, but they are playing an increasingly pivotal role in the Belt and Road Initiative (BRI). As a “super-connector”, Hong Kong is ready to deliver game-changing solutions for the 60-plus countries along the Belt and Road.