On 19 June 2026, the Ministry of Finance (MOF) convened a conference on the business and production situation of enterprises during the first six months of 2026, chaired by Vice Minister Tran Quoc Phuong. The event aimed to gather feedback from the business community, identify challenges and bottlenecks, and discuss solutions to support business development, unlock growth resources, and contribute to Vietnam’s double-digit growth target.
The conference brought together representatives from various Vietnamese business associations, including the Vietnam Automobile Transportation Association (VATA), the Vietnam Electronic Industries Association (VEIA), the Vietnam Association of Small and Medium Enterprises (VINASME), the Vietnam Association of Seafood Exporters and Producers (VASEP), the Vietnam Beer-Alcohol-Beverage Association (VBA), as well as enterprises from different sectors.
Representing EuroCham, Vice-Chair Minh Nguyen shared key findings from the Business Confidence Index (BCI) for Q1 2026 and highlighted the positive outlook for Q2 2026. He also presented several recommendations from the European business community:
1. Institutional Framework
- The role of foreign investors should be further strengthened through more effective implementation of Public-Private Partnership (PPP) regulations.
- European businesses see strong potential for Vietnam to become a regional logistics hub. However, further clarity is needed regarding the implementation of trade regulations and the development framework for Free Trade Zones (FTZs).
- Significant progress has been made in addressing tax and customs-related issues. Nevertheless, certain challenges remain concerning on-the-spot import and export procedures.
2. Infrastructure Development
- European businesses emphasized that energy infrastructure development is critical to meeting both business needs and global sustainability trends.
- Investment in renewable energy infrastructure, including offshore wind power, will serve as a foundation for future industrial and investment projects.
3. Technology Transfer and Talent Mobility
- Vietnam could benefit from a more strategic approach to technology transfer by focusing not only on the transfer of technologies themselves, but also on expertise, know-how, management practices, and international standards.
- Facilitating visa and work permit procedures for foreign experts through streamlined mechanisms would further support knowledge transfer.
- Personal income tax policies should also be reviewed to enhance Vietnam’s competitiveness in attracting global talent.
4. Digital transformation
- Foreign individuals and organisations continue to face challenges in obtaining digital identification and accessing certain digital administrative services, highlighting the need for further improvements in digital governance.
Our sincere thanks to the Ministry of Finance for hosting a constructive platform for two-way dialogue with the business community to resolve challenges, support business growth, and create a transparent business environment to accompany Vietnam’s ”double-digit” growth. EuroCham is committed to continue bridging the Vietnamese government with the dynamic European business community in the country.
