EuroCham works to boost Vietnam-EU business connection
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.
A pavilion of France at an exhibition on green business solutions for Vietnam (Source: VNA)
HCM City (VNA) -The European Chamber of Commerce (EuroCham) in Vietnam has committed to intensifying its activities in 2016, in order to boost investment anꦅ🌠d trade links between Vietnamese businesses and those from the European Union (EU) member states.
According to Chairwoman of EuroCham in Vietnam Nicola Connolly, her agency will review its action programmes, making them more suited with key upgrades in Vietnam-EU economic relations, especially the signing of the EU-Vietnam Free Trade Agreement.
It will coordinate with the Vietnamese Ministry of Foreign Affairs to lay a foundation for a Vietnam-EU trade and investment partnership, focusing on communication campaigns and meetings between relevant agencies and businesses from the two sides, Nicola said.
Apart from publishing the White Book on Vietnam’s trade and investment, and arranging dialogues with Vietnamese authorised agencies, EuroCham will also enhance projects to support EU small and-medium-sized enterprises (SMEs) in enquiring about issues related to intellectual property rights in the Southeast Asian region, green business growth, and conducting a survey of the business climate index.
These aim to assist Vietnamese and EU firms to further bolster their production and business activities.
EuroCham, the representative for businesses from 28 EU member nations operating in Vietnam, serves as an important bridge connecting the Vietnamese business community with the union.
The EU is the sixth largest foreign investor in Vietnam. Over the past decade, bilateral trade increased by 200 percent, reaching to about 28 billion EUR in the end of 2015. Meanwhile, Vietnam is the fourth biggest trade partner of the union in the ASEAN.-VNA
The 15th quarterly EuroCham Business Climate Index (BCI) survey has shown a significant improvement in business confidence and outlook among European enterprises in Vietnam.
The European Union is committed to providing 400 million EUR for Vietnam over the next six years, according to the 2015 White Book on Trade, Investment Issues and Recommendations that was released in Hanoi on December 1.
Some 100 business-to-business meetings are tailored during “Lifestyle Trade Mission to Vietnam 2015”, a Vietnam-EU trade promotion programme held in Hanoi and Ho Chi Minh City from October 27-30.
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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.
A pavilion of France at an exhibition on green business solutions for Vietnam (Source: VNA)
