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EuroCham vows to boost European investment in Vietnam

EuroCham President Michael Bahren has affirmed his agency’s commitments to supporting and encouraging European businesses to forge stronger partnerships with Vietnam.
EuroCham vows to boost European investment in Vietnam ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – President of the European Chamber of Commerce in Vietnam (EuroCham)Michael Bahren has affirmed his agency’s commitments to supporting andencouraging European businesses to forge stronger partnerships with Vietnam.

At a meetingwith Deputy Prime Minister and Foreign Minister Pham Binh Minh in Hanoi onMarch 3, Bahren said that the announcement of a White Book on Vietnam’sbusiness and investment environment is an important activity to implement the commitments.

The bookgathers assessments, analyses and recommendations of the European businesscommunity on the investment and businessenvironment in the country.

Thepublication reflects the community’s interest in supporting the VietnameseGovernment in building a legal framework and developing the business environmentin Vietnam, thus benefiting businesses, investors and the society in general,he stated.

The EuroChamleader noted that in a recent survey of the chamber over 950 members onVietnam’s business environment, European investors showed their optimism on themarket as well as hope to expand their investment.

He assertedthat the signing and effectiveness of the Vietnam-EU free trade agreement in2018 is one of the reasons behind the optimism.

EuroCham,through its members being leading European firms, pledges to support and hastenthe deal ratification process in member countries, he said.

He alsothanked the Vietnamese Government for maintaining dialogues with foreigninvestors. EuroChamhas a number of future operation orientations, includingfostering connectivity with Vietnamese localities and encouraging small andmedium-sized enterprises in Europe to seek partnerships in the Southeast Asiannation.

For hispart, Deputy PM Minh lauded the important role and effective operation of theEuroCham in Vietnam over the past years, especially in linking the VietnameseGovernment and the European business community as well as supporting theenterprises during their operation in Vietnam.

EuroCham andthe EU Delegation to Vietnam have made positive contributions to the growth ofeconomic ties between Vietnam and European countries, he declared.

He alsohailed EuroCham’s efforts in publishing the White Book on Vietnam’s businessand investment environment, affirming the Vietnamese Government’s determinationto build a constructive government in service of the people and businesses, aswell as a transparent, effective and corruption-free government.

He askedEuroCham and the EU Delegationto accompany with the Vietnamese Governmenttoturn Vietnam into an attractive market for European investors.-VNA
VNA

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