June 23, 2023

EuroCham facilitates high-level dialogue on enhancing economic cooperation between Vietnam and Europe

EuroCham, in collaboration with the Ministry of Foreign Affairs (MOFA) and the Delegation of the European Union to Vietnam, convened a high-level meeting on June 21 with the objective of bolstering economic cooperation between Vietnam and Europe. It took place at the Mazars office in Hanoi, serving as a platform for direct engagement and constructive dialogue between Vietnamese business associations and representatives from European countries.

 

Nguyen Minh Vu, the Standing Vice Minister of MOFA, expressed the Vietnamese government’s appreciation for the cooperation between Vietnam and the European Union. Highlighting a mutual commitment to addressing climate change, promoting green growth, and ensuring sustainability, Vice Minister Vu commended the Vietnamese government’s endeavors in cultivating a transparent, responsible, green, and sustainable economy. He emphasized the seminar’s significance as an effective communication channel, facilitating direct interaction between Vietnamese business associations and representatives from EU countries to ensure the successful implementation of new regulations.

 

 

 

H.E. Giorgio Aliberti, the Ambassador of the European Union to Vietnam, alongside Gabor Fluit, Chairman of EuroCham, and European ambassadors, reiterated Team Europe’s commitment, as well as that of the business community, to support and collaborate with Vietnamese enterprises in adapting to the new regulatory framework.

 

 

Dr. Carsten Schittek, the Minister Counsellor and Head of Trade Section of the EU Delegation to Vietnam, delivered a comprehensive presentation on vital EU regulations, focusing specifically on the Directive on Corporate Sustainability Due Diligence and the Carbon Border Adjustment Mechanism (CBAM). Dr. Schittek provided an extensive overview of the legislation, current circumstances, and key aspects of the OECD Due Diligence Guidance, among other pertinent topics.

 

 

During the session, Mr. Fluit underscored the substantial documentation required to ensure compliance with these regulations. European companies are facing mounting pressures in terms of disclosing company objectives, adapting to new regulatory requirements, and maintaining partnerships with Vietnamese enterprises. Mr. Fluit further emphasized the pivotal role of the upcoming GEF 2023 and GEFE 2024 events in promoting green economic engagement between Europe and Vietnam.

 

 

Representatives from various business associations shared their perspectives on the new regulations. Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), acknowledged the efforts made by textile enterprises in adhering to regulations stemming from the implementation of free trade agreements. These regulations encompass considerations for human rights, including the eradication of child labor, and mitigation of environmental impacts, such as phasing out the use of fossil fuels and ensuring water protection.

 

 

However, Mr. Giang emphasized that corporate due diligence plays a secondary role in securing orders within the textile industry, as factors such as price, timely delivery, and product quality remain the primary determinants. He also extended an invitation for EuroCham board members, EU Delegation officials, and European country ambassadors to visit the VITAS factory in Thai Binh on November 14, 2023.

 

 

Representatives from Vietnamese trade associations expressed gratitude for the support provided by the EU Delegation, EuroCham, and European country ambassadors. These organizations have played instrumental roles in assisting Vietnamese businesses in accessing information, overcoming obstacles, and navigating the complexities associated with compliance.

More News

See all

April 19, 2024

[CORPORATE PARTNERS] BASF to showcase sustainable additive solutions at CHINAPLAS 2024

Read more

April 19, 2024

[Event recap] EuroCham’s Tourism & Hospitality Sector Committee’s “Travel Together” event emphasizes collaboration for a sustainable tourism future

Read more

April 19, 2024

EuroCham’s Construction Sector Committee and the Ministry of Construction’s International Cooperation Department forge stronger ties

Read more

April 19, 2024

EuroCham meets with the Electricity Regulatory Authority of Vietnam to discuss renewable energy policies

Read more

April 12, 2024

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

Read more

April 12, 2024

EuroCham Construction Sector Committee shares insights on sustainable urban development at CCIFV’s Build2Last conference

Read more

April 12, 2024

EuroCham advocates for Sustainable Agriculture at a meeting with Ministry of Agriculture and Rural Development (MARD)

Read more

April 12, 2024

EuroCham advocates for green transformation policy at Vietnam Connect Forum 2024

Read more

April 12, 2024

EuroCham delegation visits Cam Ranh, explores investment opportunities

Read more

April 12, 2024

CEEC and EuroCham forge business partnerships between Estonia and Vietnam

Read more

April 09, 2024

EuroCham Hosts First Meeting of Administrative Procedure Reform (ACAPR) Committee on Reform

Read more

April 07, 2024

Vietnam’s economic rise fuels European optimism, yet regulatory hurdles persist: EuroCham Vietnam’s Business Confidence Index

Read more

April 05, 2024

EuroCham Wine and Spirits Sector Committee Calls for Support of Extended Producer Responsibility at Vietnam Expo 2024’s Seminar

Read more

April 05, 2024

European Business Organization Worldwide Network (EBO WN) Convenes Regional Meeting, Hosts EU Ambassador and Minister Counsellor

Read more

April 04, 2024

[Supported News] BASF to showcase sustainable additive solutions at CHINAPLAS 2024

Read more

April 04, 2024

[Sector Committee Spotlight] Wine & Spirits Sector Committee

Read more

March 29, 2024

EuroCham’s Tourism & Hospitality Sector Committee contributes to a Meet the Experts conference

Read more

March 29, 2024

EuroCham joins Dong Nai dialogue with Foreign Investors

Read more

March 29, 2024

Unveiling EuroCham’s 2024 Board of Directors under the leadership of Chairman Dominik Meichle

Read more

March 29, 2024

Celebrating achievements and unveiling our 2024 roadmap at the EuroCham Annual General Meeting

Read more

March 29, 2024

EuroCham attends Vietnam Association of Foreign Invested Enterprises’ FDI report announcement ceremony

Read more

March 29, 2024

EuroCham shares insights on European digital market at ministry roundtable

Read more

March 29, 2024

[Supported News] CHINAPLAS 2024: BASF showcases consumer products made with bio-based materials, co-created with Huawei & Prohero

Read more

March 29, 2024

[Work @ EuroCham] Green Growth Sector Committee Intern – based in Ho Chi Minh City

Read more

March 25, 2024

[Event recap] Seminar “LeaderShift to Win”

Read more

March 22, 2024

[Event recap] Webinar Job Market in Vietnam 2024: navigating the 2024 Vietnamese job market – insights and expert perspectives

Read more

March 22, 2024

EuroCham keeps up the momentum at the 2024 Vietnam Business Forum

Read more

March 22, 2024

EuroCham voices member concerns at consultation meeting on electricity generation pricing

Read more

March 22, 2024

EuroCham participates in ACAPR training to enhance administrative efficiency

Read more

March 22, 2024

EuroCham Vietnam reflects on five years of Decree 15 implementation on food safety

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