EU businesses seek cooperation opportunities in Vietnam
A delegation of 40 EU businesses will visit Vietnam from November 2-4 to seek investment and business opportunities in agriculture and farm produce trading in the country.
Brussels (VNA) – A delegation of 40 EU businesses will visit Vietnam from November 2♔-4 to seek investment and 🌸business opportunities in agriculture and farm produce trading in the country.
The delegation, to be led by EU Commissioner for Agriculture and Rural Development Phil Hogan, comprises firms operating in dairy, cereal, vegetable and wine production, heard a meeting in Brussels on October 13.
According to Diego Canga Fano, Multilateral Relations Director at the EC’s Directorate-General for Agriculture and Rural Development, there will be a range of trade promotion activities in Hanoi and Ho Chi Minh City during the trip such as workshops and meetings with local trade partners and the press.
The enterprises will hold working sessions with the Ministries of Agriculture and Rural Development, Industry and Trade, and Science and Technology, he said.
Diego Canga Fano highlighted Vietnam’s high economic growth rate and young population desiring to use European products as attractiveness to the firms.
Vietnam is one of the EU’s priority partners, he said, noting that the bloc wishes to step up trade ties with the Southeast Asian nation, especially with the EU-Vietnam Free Trade Agreement coming into force soon.
At the meeting, Nguyen Canh Cuong, Vietnamese Minister Counselor in charge of economic and commercial affairs in Belgium, briefed the EU businesses on Vietnam’s economic landscape and its potential for cooperation with the EU.
He told Vietnam News Agency that the EU has carried out many projects aiming to help Vietnam in agriculture and farm produce trading.
Through the visit, the EU aims to expand agricultural cooperation with Vietnam, he said.
Vietnam is the first leg of the EU firms’ trip to ASEAN nations, which will also take them to Singapore and Indonesia.-VNA
Hanoi vows to create a favourable investment climate in line with global integration to lure more foreign investment, especially capital from EU businesses.
Prime Minister Nguyen Tan Dung on March 17 received Trade Commissioner of the European Union Karel De Gucht, who is in Hanoi for the seventh round of talks on the Vietnam-EU free trade agreement (FTA).
Vietnam exported 2.8 billion USD worth of goods to France last year, up 8 percent year-on-year, according to the Ministry of Industry and Trade (MoIT).
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
