June 17, 2019

EuroCham Enhances Cooperation with the Vietnamese Government on the EVFTA and Foreign Direct Investment

On the 3rd and 4th of June 2019 in Hanoi, EuroCham Chairman Nicolas Audier, Vice Chairmen Jean-Jacques Bouflet and Ywert Visser, together with representatives from other affiliated Business Associations including Mr. Alexis Delevaux, BeluxCham Vice Chairman, Mr. Thue Quist Thomasen, NordCham Vice Chairman, and Mr. Csaba Bundik, CEEC Vice Chairman, held a series of ministerial meetings with Government authorities, including the Ministry of Planning and Investment (MPI), the Ministry of Finance (MOF) and the Ministry of Justice (MOJ). At the provincial level, EuroCham also held a meeting with the Hanoi People’s Committee (HNPC).
 

In the meeting with the Minister of Planning and Investment, Nguyen Chi Dung, EuroCham had an open discussion on the policy of FDI attraction towards advanced technology, environmental friendliness and high added value. In addition to this, EuroCham and MPI both agreed on collaboration in advocacy, providing training sessions for capability enhancement in making the most of the EU-Vietnam Free Trade Agreement (EVFTA). MPI also suggested EuroCham share its expertise on Industry 4.0 and contribute initiatives to the Government’s five-year socio-economic plan and ten-year National FDI attraction strategy to assist MPI in preparation for the Party Central Committee’s Plenum in 2021. MPI also expects EuroCham to take a leading role and uplift its advisory function to a more macro-level in order to better support the Government.

At the meeting with the Ministry of Justice, Vice Minister Nguyen Khanh Ngoc shared with EuroCham exclusive information on the roadmap of MOJ in the future implementation of the EVFTA. Meanwhile, EuroCham also shared its best practices in terms of arbitration and efforts of the Government and Vietnam International Arbitration center and recognition and enforcement of foreign arbitral awards in Vietnam as well consistency with the New York Convention.
 

Since the Ministry of Finance plays a key role in the customs and trade facilitation and for the upcoming implementation of the EVFTA, EuroCham Chairman Nicolas Audier recommends numerous cooperation activities with MOF and Department of Tax Policy in reviewing and updating the tax regulations, including the draft amendments to the Law on Tax Administration, which were submitted to the National Assembly for review in May. EuroCham will continue working with the General Department of Taxation and General Department of Customs concerning this issue. Vice Minister of Finance, H.E. Tran Xuan Ha, welcomed all EuroCham’s recommendations and suggested organising other meetings at a working level with relevant EuroCham Sector Committees (SCs) such as Taxation & Transfer Pricing SC, Transportation & Logistics SC, among others.
 

Regarding further cooperation opportunities in trade and investment with provincial authorities, EuroCham’s delegation had a discussion with the Chairman of the Hanoi People’s Committee, Nguyen Duc Chung, and representatives of HNPC’s Department of Planning and Investment, Department of Foreign Affairs and Department of Tourism. In the meeting, Chairman Chung highly appreciated the effective and active cooperation of European enterprises in contributing to the success of the relation between Hanoi and the European business community in recent years through many activities and co-organised events such as “Meet Europe 2018” conference with the participation of Prime Minister H.E. Nguyen Xuan Phuc. These activities are great opportunities for both EU and Hanoi to promote not only the trade and investment but also tourism. Besides, as Hanoi will be the 22nd country in the world to host an F1 race in 2020, H.E. Chung welcomed EuroCham’s support in the coming event by sharing European countries’ best practices and experience in hosting such tournaments. Last but not least, the People’s Committee affirmed its companion with the European community in the process of implementing the EVFTA as a strategic partner as well as in other fields such as smart cities, Industry 4.0 and promoting SMEs and innovation.
 

More News

See all

February 16, 2024

[Work @ EuroCham] GEFE EXHIBITION PROJECT MANAGER – based in Ho Chi Minh City

Read more

February 15, 2024

[Work @ EuroCham] Operations Officer – based in Central Vietnam

Read more

January 30, 2024

[Work @ EuroCham] GREEN GROWTH SECTOR COMMITTEE & SUSTAINABLE FINANCE SECTOR COMMITTEE INTERN – based in Ho Chi Minh

Read more

January 26, 2024

EuroCham and VAFIE Discuss EU Investment Trends and Challenges in Vietnam

Read more

January 26, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 26, 2024

EuroCham’s Construction Sector Committee: spearheading sustainable development in Vietnam’s construction industry

Read more

January 26, 2024

[CORPORATE SUPPORT] A smart factory for smart materials: BASF celebrates the inauguration of its TPU plant at the Zhanjiang Verbund site

Read more

January 24, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 24, 2024

[CORPORATE PARTNER] PwC – Asia Pacific climate actions not on track: Moving beyond commitment and towards transformation

Read more

January 19, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GEFE Project Officer and GEFE Project MarCom Officer – based in Ho Chi Minh

Read more

January 19, 2024

Economic Insights Unveiled at “Economic Outlook 2024” Business Luncheon organized by EuroCham and BritCham

Read more

January 19, 2024

EuroCham Vietnam’s latest Whitebook proposes recommendations for boosting investment for a greener, more sustainable economy

Read more

January 19, 2024

[SUPPORTED CONTENT] PWC recently launched report on the impact of Corporate Sustainability Reporting Directive (CSRD)

Read more

January 19, 2024

EuroCham Construction Sector Committee Meets with Ministry of Construction to Foster Industry Dialogue

Read more

January 18, 2024

High-Level Hungarian delegation meets with EuroCham Vietnam, CEEC, and Consulate General of Hungary

Read more

January 12, 2024

EuroCham Rings in 2024 with Festive Celebration in Hanoi

Read more

January 12, 2024

Ringing in 2024 with Cheer at EuroCham’s New Year Celebration in Ho Chi Minh

Read more

January 05, 2024

Successful EuroCham Vietnam advocacy outcome regarding Circular on Nutritional Labeling

Read more

January 05, 2024

Vietnam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham Vietnam Business Confidence Index (BCI)

Read more

January 05, 2024

Vice-Chairman Minh Nguyen continues tenure on Prime Minister’s Advisory Council for Administrative Procedures Reform

Read more

December 19, 2023

[Work @ EuroCham] MEMBERSHIP ASSISTANT – based in Ho Chi Minh

Read more

December 19, 2023

EuroCham’s constructive engagement at the Ministry of Foreign Affairs’ 21st National Conference on Provincial Affairs

Read more

December 15, 2023

Memorandum of understanding signing ceremony on enhancing the regulatory environment and healthcare access towards promoting technological advancements in the medical device sector

Read more

December 15, 2023

[Sector Committee Spotlight] Mobility Sector Committee

Read more

December 15, 2023

EuroCham’s mission to Da Nang: strengthening ties and showcasing investment potential in Central Vietnam

Read more

December 14, 2023

[CORPORATE PARTNER] BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

Read more

December 08, 2023

[CORPORATE PARTNERS] BASF engages young minds in chemistry with two new Virtual Lab experiments in Vietnamese

Read more

December 08, 2023

[Event Recap][Breakfast talk] EuroCham Construction Sector Committee’s Successful HCMC Breakfast Talk on Designing with AI!

Read more

December 08, 2023

Vietnam enhances climate role at COP28 with JETP Resource Mobilization Plan

Read more

December 08, 2023

[CORPORATE PARTNERS] The Corporate Sustainability Reporting Directive (CSRD) is resetting the value-creation agenda

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners