We are creating some awesome events for you. Kindly bear with us.

Hong Kong and Thailand to Boost Tech Ties

Hong Kong Thailand Tech Ties
Image Credits: HKSAR, Press Release

Hong Kong signed five MoUs (memoranda of understanding) with Thailand, in a commitment to forging “greater economic ties between various creative, technological and development agencies” in both countries.

The MoUs were signed by Hong Kong’s Chief Executive and Thailand’s Deputy PM and, as they co-chaired the 1st Thailand-Hong Kong Special Administrative Region Summit, held at the Government House in Bangkok, Thailand.

The talks between the leaders were centred on joint cooperation between the two countries in the following areas:

  1. Trade and investment: Both parties agreed to push the trade value to exceed US$20 billion by 2020 and discussed the possibility of drawing up a Thailand-Hong Kong free trade agreement, as well as adjusting the terms of investment protection for the private sector to suit the current situation.
  2. Production base migration: Both parties agreed to promote cooperation among private sectors to exchange technologies, facilities and activities that enhance the efficiency of both Thai and Hong Kong entrepreneurs.
  3. Finance: Both parties will work together to establish a firm connection between each other’s stock and capital markets via innovative investment products, regulatory mapping and green investment.
  4. Innovative economy: It was noted that both Thai and Hong-Kong citizens have strong creative powers especially in cinema, advertising and design and that these need support from the government as well as adding value to create related products and services.
  5. Digital and tech start-ups: Both parties acknowledge the importance of creating innovative and technological ecosystems and agreed to use Hong Kong Cyberport and Innospace Thailand as starting platforms to promote start-up enterprises through cooperative research and knowledge sharing.

HKSTP and NSTDA Expand Tech Cooperation

In addition, the Hong Kong Science and Technology Parks Corporation (HKSTP) recently signed a Memorandum of Understanding (MoU) with Thailand’s National Science and Technology Development Agency (NSTDA) to expand trade and investment relations in high technology areas in Hong Kong and Thailand.

Through the collaboration between HKSTP and NSTDA, both parties will foster technology business partnerships, technology transfer, venture incubation and investment, as well as innovation ecosystem development.

For the next three years, they will co-organise activities such as the InnoExpress Programme, which helps promising technology companies in the fields of Agri-tech, Biotech, AI and Fintech better understand the innovation landscape and market in Hong Kong, Greater Bay Area and Thailand.

HKSTP and NSTDA plan to launch joint incubation programmes before the end of 2020. The first cohort of the joint incubation programme will incorporate five to ten companies from both sides. The two parties will also explore co-investment opportunities and help technology companies raise funds through upcoming investment roadshows.

Boosting Collaboration with Thailand

The signing of these MoUs signifies a new chapter of cooperation which will see an expansion in trade and investment links, enhanced capital market cooperation and relocation of some of Hong Kong’s production base into Thailand.

Hong Kong’s Chief Executive believes Hong Kong and Thailand will open up ground-breaking co-operation in areas such as finance, creative industries and youth exchanges.

The new agreements cover a wide range of co-operation areas including trade and investment, enterprise partnerships, creative industries, financial services, technology start-ups and enterprises, and human resource development.

The aim is to serve the communities of both economies not just confined to the business community, but also the wider society. That is why the MoU covers human resources, capacity building and also education.

Hong Kong could take advantage of Thailand as a gateway to the economic hinterland of Cambodia, Laos, Myanmar and Vietnam, while Thailand could take advantage of Hong Kong as a gateway to the Greater Bay Area within Mainland China.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend