EuroCham confident in Vietnam's stable economic development
The European Chamber of Commerce in Vietnam (EuroCham) said it is confident in the stable development of Vietnam’s economy at a recent seminar held by the Vietnamese Embassy in Belgium.
Ambassador to Belgium and head of the Vietnamese mission to European Union (EU) Nguyen Van Thao (right) speaks at the seminar. (Photo: VNA)
Brussels (VNA) – The European Chamber of⛎ Commerce in Vietnam (EuroCham) said it is confident in the stable development of Vietnam’s economy at a recent seminar held by the Vietnamese Embassy in Belgium.
At the July 2 event, Ambassador to Belgium and head of the Vietnamese mission to European Union (EU) Nguyen Van Thao emphasised the importance of cooperation between Vietnam and the EU in promoting green and sustainable economic development, especially in the fields of renewable energy and environmental protection.
The ambassador affirmed that Vietnam values cooperation with the EU and the EuroCham in these areas and expressed his confidence that EuroCham's cooperation and expertise in renewable energy will make important contributions to Vietnam's efforts in reducing greenhouse gas emissions and climate change response.
Regarding illegal, unreported and unregulated (IUU) fishing, Thao also called on EuroCham to urge the European Commission (EC) to remove its “yellow card” warning against Vietnamese seafood.
For the Just Energy Transition Partnership (JETP), Thao appreciated EuroCham's role in promoting the JETP in Vietnam, and expressed his hope for close cooperation with the chamber in implementing the partnership effectively.
For his part, Eurocham Chairman Dominik Meichle said the seminar highlights the ongoing and future cooperation between EuroCham and Vietnamese partners, focusing on sustainable economic development.
He said that during meetings with the EC's bodies, Eurocham touched upon the "yellow card" warning against Vietnamese seafood and called on the EC to consider lifting it soon.
Meichle said the business confidence index released by EuroCham shows its members are positive about Vietnam’s economy, and acknowledge substantial opportunities brought about by the Southeast Asian nation.
Moreover, Vietnam has strengths to attract foreign investment thanks to its stable investment environment, well-trained workforce, and open dialogues between the Government and businesses, he said, noting Vietnam's economic outlook is very rosy.
Meichle suggested the country keep inflation at a reasonable level, increase public investment in infrastructure development, especially for green energy, transportation and seaports, streamline administrative procedures, and boost digitalisation./.
European businesses evaluate Vietnam as one of the top investment destinations, with 54% of those surveyed indicating a high likelihood of recommending Vietnam to other foreign enterprises.
The European Chamber of Commerce Vietnam (EuroCham) on April 8 released the Business Confidence Index (BCI) for the first quarter of 2024, saying that the index reached 52.8 points - the highest level since 2022.
The European Chamber of Commerce in Vietnam (EuroCham) on January 16 launched its 15th annual Whitebook 2024, which offers insights on Vietnam’s business policy from the European business community.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
