 |
| Overview of Vietnam-EU Trade Forum (Source: VNA) |
The advice was made by Miriam Garcia Ferrer, Head of the Trade and Economic
Section of the Delegation of the European Union to Vietnam, at a Vietnam-EU
Trade Forum on the EVFTA, which was jointly held by the Ministry of Industry and
Trade and the delegation in Ho Chi Minh City on July 30.
She suggested businesses obtain a thorough grasp of market information, rules of
origin and regulations of the EU to carry out long-term strategies so as to gain
a firm foothold in the market.
Jean-Jacques Bouflet, Vice Chairman of the European Chamber of Commerce in
Vietnam (Eurocham), said that with the EVFTA and the EU-Vietnam Investment
Protection Agreement (EVIPA), investment flows from the EU will shift to
Vietnam, with the focus on clean energy, agriculture and food production.
He cited a survey of the German Chamber of Commerce in Vietnam as saying that 55
percent of German enterprises operating in the Southeast Asian nation are
planning to expand their operation.
The official stressed that European enterprises want to boost the building of
production chains with local ones, thus bringing about more cooperation
opportunities for local ones to participate in value chains.
To bring into full play these opportunities, Vietnamese enterprises should
actively renew their production and management methods to reach standards and
development trends of European partners, he suggested.
Speaking at the forum, Deputy Minister of Industry and Trade Hoang Quoc Vuong
said that two-way trade increased by 13folds from 4.1 billion USD in 2000 to
55.8 billion USD in 2018, of which 41.9 billion USD came from Vietnam’s exports.
As of late June 2019, 27 European countries and territories invested in Vietnam
with 3,205 projects totaling 53.1 billion USD.-VNA
Source: VNA
.jpeg "Donald Trump Officially Becomes 47th President of the United States")
.jpeg "\"El Pulga\" was not on the list")
.jpg "Binh Thuan heads towards digitalization for Tourism Development")
