Business climate lures European companies to Vietnam

Photo for illustation. (Source: VNA)

Mr. Joaquim Torrinha, Communications and Marketing Manager of the European Chamber of Commerce (EuroCham) in Vietnam, made this comment at a press conference in Hanoi on February 21^st.

Positive signals for the future implementation of the EU-Vietnam Free Trade Agreement (EVFTA) are expected to strongly reinforce business and investment activities of European companies in Vietnam. EVFTA is considered a useful foundation for policy advocacy by EuroCham in Vietnam.

“Most European enterprises taking part in the survey were pleased with their Vietnamese investments. Some 56.6 per cent will continue using Vietnamese human resources and increase staff numbers in the time to come,” stressed Joaquim Torrinha.

EuroCham is also implementing two projects to support European small and medium-sized enterprises to invest in Vietnam.

The research also mentioned green growth, which is a topic followed carefully by EuroCham. European companies said that clean energy sources and renewables are important factors in their business operations in Vietnam.

At the conference, EuroCham also announced that the White Book about investment and trade in Vietnam is expected to be released on March 2^nd, in Hanoi/.