Vietnam remains favourite investment destination for European firms: Report
Precisely 36% of European firms ranked Vietnam either first, within their top three, or among their top five investment destinations on a global scale, according to the latest Business Climate Index (BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham) and produced by Decision Lab on April 11.
Hanoi (VNA) – Precisely 36% of European firms ranked Vietnameither first, within their top three, or among their top five investmentdestinations on a global scale, according to the latest Business Climate Index(BCI) report released by the European Chamber of Commerce in Vietnam (EuroCham)and produced by Decision Lab on April 11.
The reporthighlighted that Vietnam's draw as a foreign direct investment (FDI)destination remains strong among European business leaders, with 3% moreEuropean business stakeholders citing it as one of their top three investmenthotspots worldwide.
The BCI, which quantifies the business sentiment of the Europeanbusiness and investment community in Vietnam, held steady at 48 in the firstquarter of 2023. Though it remains at the same level it registered as 2022 drewto a close, there are promising indications that European business stakeholdersare witnessing a positive shift in their economic outlook.
Encouragingly, the business environment outlook for 2023 is displayingpromising signs of betterment. Specifically, the number of respondents who aresanguine about the nation's economy has risen by 8 points, signaling a growingfaith in its prospects, it said.
According to the survey, the number of individuals expecting a downturnin the economy decreased by 6%, while that of those forecasting an upturnin revenue and orders increased by 7%.
The survey results also indicate that the European business andinvestment community is broadly content with the level of attentionpolicymakers have given to business needs in Vietnam, with a third ofrespondents expressing significant or moderate satisfaction. This positivefeedback is a testament to the government's ongoing commitment to fostering abusiness-friendly environment in the country.
However, foreignbusinesses in Vietnam continue to grapple with regulatory opacity,administrative inefficiencies, and visa and work permit issues./.
The ASEAN+3 Macroeconomic Research Office (AMRO) has joined many international organisations in revising up Vietnam’s GDP growth this year thanks to the country’s strong performance since early this year and success in containing inflation.
Financial institutions and the world’s top credit rating agencies’ forecasts on Vietnam’s economic growth are completely founded, said Russia’s Sputnik radio.
Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.
Singapore and other Southeast Asian Nations (ASEAN) economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China's economic reopening, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas said on January 31.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
A corner of HCM City (Photo: VNA) 
