December 09, 2019

EuroCham Promotes the EU-Vietnam Free Trade Agreement in Brussels and Launches New Report

From the 1st to the 6th of December, a EuroCham delegation visited Brussels to promote the EU-Vietnam Free Trade Agreement (EVFTA), ahead of a crucial vote in the European Parliament in the New Year.
 
EuroCham Chair Nicolas Audier, Vice-chairmen Jean-Jacques Bouflet and Nguyen Hai Minh, and members of EuroCham’s Human Resources & Training (HR & T) and Pharma Group Sector Committees travelled to Brussels to meet with Members of the European Parliament (MEPs), EU Commissioners, and high-level officials to update them on changes in Vietnam’s legislative framework and to share the chamber’s new report – The EVFTA: Perspectives from Vietnam.

Download the Report Here
The trip began with a meeting between EuroCham’s delegation and the new EU Trade Commissioner, Phil Hogan, in his first week in office. Following an introduction from EuroCham’s Chairman Nicolas Audier, Nguyen Thuy Hang from the HR & T Sector Committee updated the Commissioner about Vietnam’s new Labour Code, which has just been ratified in the National Assembly. She discussed the new developments in the new legislation, and how these represent a positive step forward for labour and workers’ rights. Later, Nguyen Tra My from EuroCham’s Pharma Group provided an update about the issues foreign enterprises face in Vietnam, and how the EVFTA could help to improve the trade and investment environment for pharmaceutical companies.
 

 
On Monday the 2nd of December, EuroCham presented at a hearing of the European Parliament’s International Trade (INTA) Committee on the EVFTA, in a session which also heard from the International Labour Organisation (ILO). EuroCham Chair Nicolas Audier addressed MEPs and discussed recent improvements to Vietnam’s trade and investment environment, and highlighted the role of foreign enterprises and European investment in raising the living standards and welfare of Vietnam’s population which is now healthier, wealthier, and better educated thanks to domestic economic and social reforms and international integration.
 
Once ratified and implemented, the EVFTA will help Vietnam to go further and faster on this path of reform, and lock-in progress in areas from labour rights to environmental protections. Mr Audier also emphasised that, from the perspective of business, it is essential that the agreement enters into force as soon as possible. European companies are at a competitive disadvantage as goods from other countries with which Vietnam has a free trade agreement are able to enter Vietnam tariff-free, whereas products from Europe come at a higher cost.
 
Nguyen Thuy Hang from EuroCham’s HR & T Sector Committee then presented on Vietnam’s new Labour Code. She told MEPs that the code represented a milestone in Vietnam’s efforts to incorporate the core principles of labour standards and rights under major ILO conventions into its legal framework. Notable changes include the full recognition of workers’ rights to form their own independent trade unions, better dialogue processes, and a broader approach on the prohibition of discrimination.
 

 
Throughout the week-long mission to Brussels, EuroCham’s delegation met with around 30 MEPs from across the political spectrum – including members of the influential INTA Committee such as Mr. Jan Zahradihl MEP, Vice-Chair and Rapporteur for the EVFTA – to advocate for the ratification of the agreement. The next stage of the ratification process will be a crucial hearing in the European Parliament in the New Year, and EuroCham spent the week engaging with MEPs to show how this agreement will deliver not just an increase in trade and investment – essential though this is – but also help to improve Vietnam’s socio-economic development.
 

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