Brussels (VNA) – Two waves of European investment will hit Vietnam after theEuropean Union – Vietnam Free Trade Agreement is signed, a foreign expert hasforecast.
VincentRepay, who has nearly 30 years of experience in international contracts and over10 years training Vietnamese officials in market economics, said the firstinvestment wave will be short-term with the shifting of European manufacturingfacilities to Vietnam to use the country’s competitive costs and youngworkforce, and take advantage of a lack of import tariffs in Europe.
Thesecond wave will be medium and long term, he said, adding that European firmswill produce items of demand for Vietnam by improving their manufacturingcapacity.
Headvised Vietnam to thoroughly check the quality of materials used for productionscheduled for export while heeding quality management and accessing training offeredby EU nations.
Tradeties between Vietnam and the EU have been growing in recent years. Two-waytrade between the two sides averages 40 billion EUR each year and is expected tohit 100 billion EUR by 2025.-VNA
The parliament of Wallonia, a region of Belgium, organised a discussion session on December 1 on the Vietnam-European Union (EU) Free Trade Agreement (EVFTA) at Namur city, the region’s capital city.
The upcoming free trade agreement between Vietnam and the European Union (EVFTA) will open new opportunities for Vietnam to access modern technologies and learn management skills.
European investors are running 1,809 valid projects worth 23.16 billion USD in Vietnam, accounting for 8.7 percent and 8 percent of total EU projects and investment in the country.
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.
Illustrative image (Source: VNA) 
