October 05, 2018

Eurocham EVFTA Report 2018 released

Nine out of ten European companies want the EU-Vietnam Free Trade Agreement (EVFTA) to be implemented in 2019 or as soon as possible thereafter, according to new research from the European Chamber of Commerce in Vietnam (EuroCham).

 
EuroCham released the data at an event in Brussels to launch its latest report – The EVFTA: Perspectives from Vietnam – on Monday 8th October, together with amfori and BusinessEurope. This launch event, with 70 participants, is part of a EuroCham mission to the European Parliament and European Commission to push for a quick ratification of the EVFTA.

 
EuroCham’s report includes the results of a new survey of the Chamber’s members, who were asked how the EVFTA will affect their business operations. Over 130 responded – more than 10 percent of EuroCham’s membership – and the results were striking.
 
Just under 80 percent believe that the EVFTA will have either a ‘Significant’ or ‘Moderate’ impact on their business in the medium and long-term. Meanwhile, over 80 percent believe that the FTA will make Vietnam more competitive, while 72 percent said that it will help Vietnam to become a hub for European business in the ASEAN region.
 
On top of the positive economic benefits, EuroCham members believe that the EVFTA will help to improve a range of social and environmental issues in Vietnam, from ‘Knowledge Transfer and Local Workforce Advancement’ to ‘Workers’ Rights’. For example, a third (33 percent) of EuroCham members believe that the EVFTA will have a ‘Significant’ impact on improving ‘Sustainable Development and Environmental Protection’.
 
The report also includes the reflections of business leaders, NGOs, economists, entrepreneurs and workers. In their own words, each contributor shares their personal perspective on Vietnam’s progress since the Doi Moi reforms first opened Vietnam to foreign investment, and on how the EVFTA will help Vietnam to further integrate with the international community and global economy.
 
Nicolas Audier, Co-Chairman of EuroCham, said:
 
“This report provides clear evidence that the EVFTA is a ‘win-win’ for Europe and Vietnam. Our members paint a positive, optimistic picture of the agreement, with 85 percent anticipating a significant or moderate impact on their business and investment plans in the long-term.
 
Meanwhile, 80 percent of EuroCham members believe the EVFTA will improve Vietnam’s competitiveness compared to other countries such as China, Japan and Korea. And over 70 percent see Vietnam becoming a hub for European business in the ASEAN region.
 
This week, EuroCham is leading a delegation of business leaders to Brussels to take this positive message to the heart of Europe. Our delegation will meet with the highest levels of decision making in the European Parliament and EU Commission, to highlight the impact that the EVFTA will have not just on bilateral trade and investment, but on the entire economic, social and environmental fabric of Vietnam.”

Download your free soft copy HERE

Please click here for Media Coverage Report

VOVWorld

Saigon Times (print newspaper)

Viet Nam News (print newspaper)

Bao Cong thuong

VOV

VN Express

Hanoi Times

Binh Phuoc Online

Hai quan Online

Vietnam Finance

Thoi bao Tai chinh Viet Nam Online

An ninh Thu Do

Phap luat Viet Nam

Kiem toan Nha nuoc

The Leader

Bnews

Doanh nghiep Viet Nam 

The gioi Hoi nhap

VTV.vn

Bao Ba ria Vung tau

StockBiz

Tap chi Tai chinh

Bao Da Nang

Thuong giao Online

Lao dong Xa hoi

More News

See all

September 22, 2023

EuroCham Vietnam attended National Assembly’s Vietnam Socio-Economic Forum 2023: Reinforcing Internal Capacity for Sustainable Growth

Read more

September 22, 2023

EuroCham Medical Devices and Diagnostics Sector Committee (MDDSC) joined ASEAN Common Submission Dossier Template Workshop

Read more

September 22, 2023

EuroCham’s collaborative meetings with the EU Ambassador-Designate Julien Guerrier

Read more

September 22, 2023

EuroCham Vietnam extended a warm welcome to French Ambassador to Vietnam H.E .Olivier Brochet

Read more

September 22, 2023

EuroCham Vietnam joined a launch of the “Circular Economy & Pioneering Models” book

Read more

September 21, 2023

EuroCham Vietnam hosts an exclusive evening to welcome EU Ambassador-Designate to Vietnam

Read more

September 15, 2023

EuroCham engages in a productive dialogue with the Administrative Procedures Control Agency and Reform (ACAPR)

Read more

September 15, 2023

A resounding success: Vietnam International Sourcing Expo 2023 and the EU-VN Trade Forum

Read more

September 15, 2023

[Event recap] EuroCham Women in Business Sector Committee hosted successful Roundtable on Gender Pay gap with Fulbright Professor Graeme Walker

Read more

September 15, 2023

[Sector Committee spotlight] Food, Agri and Aqua Business Sector Committee (FAABS)

Read more

September 14, 2023

Ho Chi Minh City Economic Forum 2023 and the 100 CEOs -Tea Connect spotlight green growth and net zero initiatives

Read more

September 12, 2023

EuroCham Vietnam engages in key talks with Luxembourg delegation to bolster EU-Vietnam economic relations

Read more

September 08, 2023

EuroCham participates in an inaugural meeting of Government Taskforce on Administrative Reforms (APR)

Read more

September 08, 2023

[CORPORATE] First Bayer ForwardFarm of Southeast Asia launched in Vietnam

Read more

September 08, 2023

EuroCham contributes to a critical discussion on attracting foreign investment in high-technology and promoting technology transfer

Read more

September 07, 2023

EuroCham Food, Agri, and Aqua Business Sector Committee (FAABS) explores sustainable aquaculture solutions at Skretting Factory in Long An

Read more

August 31, 2023

EuroCham delegation visits Bac Giang to discuss EU-Vietnam business trends

Read more

August 25, 2023

EuroCham Green Growth Sector Committee spotlights blue-green infrastructure solutions

Read more

August 25, 2023

EuroCham Vietnam engages authorities and state-owned enterprises to drive green growth and spotlight GEF 2023

Read more

August 25, 2023

[SUPPORTED EVENT] Nestlé Vietnam – Innovation and sustainability bring competitive advantages in business

Read more

August 25, 2023

[Sector Committee spotlight] Legal Sector Committee (LSC)

Read more

August 24, 2023

EuroCham’s Tourism and Hospitality Sector Committee visits Binh Thuan to explore tourism promotion collaboration

Read more

August 24, 2023

[Event recap][Business Luncheon] Mid-year review and Forecast for the second half of the year On the Vietnamese Economy

Read more

August 24, 2023

[Event recap][Business Luncheon] Financial Trends 2023: Winning Financial Consumers During Uncertain Times

Read more

August 23, 2023

EuroCham delegation in Ben Tre province to discuss green growth opportunities

Read more

August 18, 2023

EuroCham meets with National Assembly to discuss stronger ties and cooperation

Read more

August 18, 2023

EuroCham weighs in on offshore wind at PDP8 implementation seminar

Read more

August 18, 2023

EuroCham meets with Hoa Binh Province to explore collaboration opportunities

Read more

August 18, 2023

MOIT and EuroCham map out key events to support EU-Vietnam trade

Read more

August 18, 2023

EuroCham recommends improvements to work permit and visa procedures in letter to Prime Minister on revising Decree 152

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