EU businesses count on VN-EU FTA

March 06, 2017 | 09:28

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European investors show optimism on Viet Nam’s market and hope to expand investment in Viet Nam, according to a recent survey by European Chamber of Commerce in Viet Nam (EuroCham).

European businesses show optimism on Viet Nam's market as the Viet Nam-EU free trade agreement is expected to come into effect in 2018. Photo: VGP

The optimism is mainly driven by the upcoming signing of the Viet Nam-EU free trade agreement expected to come into effect in 2018, said EuroCham President Michael Bahren at a meeting with Deputy PM, FM Minh on Friday.

EuroCham, through its leading European firms, pledge to support and accelerate the agreement ratification process by member countries, he said.

The EuroCham President expressed thanks to the Government of Viet Nam for maintaining dialogues with foreign business communities.

He also figured out EuroCham’s future plans, including support for small and medium-sized enterprises to seek investment opportunities in Viet Nam.

Mr. Michael Bahren also committed to encouraging European businesses to forge stronger partnership with Viet Nam.

Deputy PM, FM Minh spoke highly of the agency’s role and operation in Viet Nam over the past time, especially in bridging the Vietnamese Government and the European business community.

The host noted the agency and the EU delegation in Viet Nam have made positive contributions to economic relations between Viet Nam and the European countries.

Deputy PM, FM Minh also hailed EuroCham’s efforts in publishing White Book on Viet Nam’s business and investment environment during the past years.

He affirmed the Government’s determination to build a constructive Government in service of people and businesses, asking EuroCham and the EU delegation to advocate the Vietnamese Government to turn Viet Nam into an attractive investment destinations for European businesses.

VGP

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