An overview of Ho Chi Minh City (Source: tuoitre.vn)
HCM City (VNA) – The European Chamber of Commerce in Vietnam (EuroCham) has pledged to support Ho Chi Minh City to become one of the leadin🍒g Southeast Asian cities.
Chairman of EuroCham Michael Behrens made the commitment while meeting with Secretary of the municipal Party Committee Dinh La Thang on August 15, according to Sai Gon Giai phong newspaper.
EuroCham is accelerating the signing of the free trade agreement between Vietnam and the EU is sparing no effort to support the development of the city, Behrens said.
EuroCham delegates showed interest in various fields such as administrative reform, green energy development, trade promotion, transport infrastructure construction, environmental protection, human resources enhancement, and smart city building.
The local official hailed the role of EuroCham in connecting Vietnamese and European businesses and investors, and thanked the chamber for assisting HCM City .
He confirmed that authorities will create the best investment environment for both domestic and foreign companies, adding that the city is implementing the Government’s Resolution No. 19 to improve the business climate and competitiveness.
HCM City is also focusing on seven breakthrough programmes, including the building of high-quality human resources, he said.
He informed the guests about administrative reform in the city, which has improved thanks to the use of e-customs, reducing time for customs clearance.
Local authorities support EuroCham’s green energy and environmental protection projects in the city, he said.-VNA
Confidence amongst European businesses in Vietnam has continued to rise, according to a Business Climate Index (BCI) survey conducted by the European Chamber of Commerce in Vietnam (EuroCham) for the third quarter of this year.
Vietnam could draw further foreign investment through developing clean energy resources, experts commented at a recent meeting on the EU-Vietnam free trade agreement.
Ho Chi Minh City always considers the European Union (EU) its top partner, especially after Vietnam and the union declared to conclude negotiations on their free trade agreement (FTA) last August.
EuroCham in Vietnam has committed to intensifying its activities in 2016, in order to boost investment and trade links between Vietnamese businesses and those from the European Union member states.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
An overview of Ho Chi Minh City (Source: tuoitre.vn)
