EuroCham in the News

EuroCham in the News: May 1st to May 7th 2023

[Vietnam Net] Inspiring enduring motivation in HCMC (Vietnamese language) – featuring EuroCham Board Member Thang Nguyen

“In recent years, [Ho Chi Minh City], the country’s economic locomotive, has shown signs of sluggishness. There appears to be a decline in the ‘dare to think, dare to do, dare to break through’ mentality that defines the city’s dynamism.”

“According to Mr. Nguyen Xuan Thang, Board Member of EuroCham and General Director of Schaeffler Vietnam, infrastructure is a crucial factor that needs immediate attention in Ho Chi Minh City … In light of recent government initiatives enhancing public investment, infrastructure development, and road construction, Mr. Thang underscores that the progress must be expedited.”

To read the full article of Vietnam Net, click here.

[VietnamNet] High expectations from foreign commitments to Vietnamese market

On May 5th, Vietnam Net published another article titled “High expectations from foreign commitments to Vietnamese market“. In this article the media describes how Vietnam has become an attractive investment destination, “thanks to its improved its investment climate, accelerated digital transformation, and a young, skilled workforce.”

In the article, leading FDI businesses in the world are cited such as last year’s investment of Samsung ($3.3 billion). They also cited EuroCham:

“Meanwhile, the European Chamber of Commerce in Vietnam (EuroCham) said that Vietnam is bringing great investment opportunities, as well as development prospects, for European businesses in the short and medium term. In its recent survey a total of 42% of respondents also predicted their companies would increase FDI inflows into the country in more fields, especially startups.”

In order to read the full article (in English), click here.