Vietnam, ASEAN markets offer huge opportunities for European firms
Vietnam, Malaysia and Thailand are the most attractive expansion destinations for European corporates, according to a recent survey conducted by Standard Chartered Bank.
Vietnam, ASEAN markets offer huge opportunities for European firms. - Illustrative image (Photo: AFP/VNA)
Hanoi (VNA) – Vietnam, Malaysia and Thailandare the most attractive expansion destinations for European corporates, according to a recent surveyconducted by Standard Chartered Bank.
The survey said 88 percent of respondents expectbusiness to go up in the next 12 months, on drivers such as a growing consumermarket; free trade agreements; and a reliable supply base.
In terms oftarget markets within ASEAN, 60 percent of survey respondents are focusing onexpanding in Vietnam to capture sales and production opportunities, followed byMalaysia (53 percent) and Thailand (48 percent).
The survey said that theEurope-AESEAN corridor could enable growth in six high-potential sectors,including pharmaceuticals production, consumption of consumer goods, automotiveindustry, green and digital solutions, renewable and clean energy ande-commerce.
The optimistic outlook came even as 75 percent of respondents cited theirunderstanding of regional regulations, payments and infrastructure as asignificant medium-term barrier.
Robert Newell, managing director forEurope global corporates at StandardChartered Bank said that the ASEAN marketscontinue to offer huge opportunities for European companies, both for thoselooking to diversify and expand their investment and trade activities, andthose who are well aware of the deep technological expertise and significant consumerbase across the markets.
Vietnam’s economic developmentdrivers are still maintained despite of severe impacts of the COVID-19pandemic.
The country’s General Statistics Office announced that Vietnam’s GDP increased by5.64 percent in the first six months of 2021./.
Vietnam treasures the comprehensive cooperative partnership with the European Union (EU) and stays ready to discuss and cooperate with the EU on human rights issue in a straightforward, open and respectful manner to increase mutual understanding via the annual human right dialogue mechanism and other bilateral exchange frameworks, said Foreign Ministry’s spokesperson Le Thi Thu Hang.
John Cockerill, a leading Belgian group in developing large-scale technological solutions, said it wants to transfer the technology of activated carbon production from coconut shells and coir to Vietnam.
The multinational financial group HSBC held a webinar on July 1 to introduce business opportunities in the Association of South East Asian Nations (ASEAN) for European Union and UK businesses.
Over three tonnes of Bac Giang lychees meeting GlobalGAP standard recently passed customs clearance at Frankfurt airport, Germany thanks to a transaction via the Vietnamese e-commerce platform Voso.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Vietnam, ASEAN markets offer huge opportunities for European firms. - Illustrative image (Photo: AFP/VNA) 
