Hong Kong market research export for fruit LCD Fruit

 Hong Kong populations

-Hight living stardard

-Old aging population 7,4 million people(2021

-People Like to eat at restaurant because it time saving culture, love Japanese food, preackaged food, decline of traditional market, like news food from other countries in highest quality.

-GDP: 366,9 B usd - 49,613 usd per (2021)

-Growing of GDP = 6,4% (2021)

-Inflation: 1,6 %(2021)

-unemployment: 3,9% (2021)

Hong Kong market

-Top free market the world

-Top export 6 contry in (By WTO 2020)

-2021 Export: 503,5 usd , Import: 566,1 B usd.

-Top 3 financial centrel index 2021

-Have no machining or factory

Hong Kong market approach for Vietnam:

Pro

-Non Tax, easy paperwork.

-Same tatse with Vietnamese

-Able to consuming hight quality products.

Cont

-Require high quality products

-After checking on products

-Require lable

Plant base products

- Not Require testing paper for fruit.

 -No need for plant area code, packagin code.

Business information

People having the mindset to buying the most expensive to consume, People only want eat grade A and B fruit which is making it the good market to export to.

The Consumer Protection Commission/Agency  in Hong Kong is special which is created to listen to consumers 24/7 will listen to consumer when some consumer having any issue they will inform to let company know that the best solution is saying " We sorry let me return you something" do not fight to the consumer if the consumer call Consumer Protection Agency you company will list on the black list, get on news, mind be on TV. 

-Show a part of products is a pro for hongkong market, small unit is a trend in Hongkong because people shopping everday, People like healthy products. One thing that have to be make sure that words on lable have to be 100% traditional Chinese because of culture.

-Hong Kong market for fruit is working consignment sales.

-Hong Kong payment term is 30% before productions 70% after getting scan B/L take place of 80% of the transactions 20% are L/C.

Import fruit with Vietnam Fruit supplier LCD Fruit