May 27, 2018

EuroCham spoke at the ASEAN+3 “Regional Economic Outlook: Resilience and Growth in a Changing World”

On 25th May, EuroCham Vice-Chairman Mr. Tomaso Andreatta attended a panel discussion at the ASEAN +3 seminar: Regional Economic Outlook: Resilience and Growth in a Changing World, organised by Ministry of Finance and the ASEAN+3 Macroeconomic Research Office (AMRO).

The seminar was attended by representatives from Government agencies, international organisations, research institutions, and the private sector. Dr. Vu Nhu Thang, Director-General of the International Cooperation Department, Ministry of Finance (MOF), moderated the discussion panel, which consisted of AMRO Chief Economist Dr. Hoe Ee Khor; Dr Sebastian Eckardt, World Bank Lead Economist for Vietnam; Mr. Ngo Van Duc, Deputy Director, Payment System Department, State Bank of Vietnam; Dr. Nguyen Duc Thanh, President of Vietnam Institute for Economic and Policy Research (VEPR); and Mr. Tomaso Andreatta from EuroCham.

To enhance business resilience, EuroCham’s Vice-Chairman shared the Chamber’s recommendations to help Vietnamese businesses grow through intra-regional trade and investment flows and regional free trade agreements such as the upcoming EU-Vietnam Free Trade Agreement. He also shared the Chamber’s view on Government policies promoting competitiveness and enhancing the business environment.
 
Mr. Andreatta assessed the positive effects of the Government’s efforts to improve the business environment at both central and provincial levels over the last two years. The constructiveness and openness have been proven through a number of high-level directions given by Prime Minister Nguyen Xuan Phuc. This includes resolutions (Resolution 19 on enhancing competitiveness and Resolution 35 on the support for businesses), Ministerial decisions to simplify administrative procedures and reduce business conditions (Ministry of Industry and Trade, Ministry of Finance, and Ministry of Planning and Investment have been pioneers in the reform process.) This has also been made possible thanks to the proactive and strong direction of the Government Office through the Advisory Council for Administrative Procedures Reform, of which EuroCham is a member. There have also been a number of specific changes in legislation affecting EuroCham’s Sector Committees that have been highlighted in the Chamber’s Whitebook 2018
During the discussion panel, policymakers in the region were urged to continue to build policy space, particularly in monetary policy, in anticipation of tighter global financial conditions ahead. Fiscal policy may have to play a greater role in supporting growth while macro-prudential policy can help to safeguard financial stability. The panel also noted that the region has successfully pursued a strategy of “manufacturing for exports”, whereby economies benefitted from export-oriented foreign direct investments (FDI) to build up manufacturing capacity. Vietnam, alongside China and other large ASEAN economies, has succeeded in attracting FDI into building a competitive manufacturing sector, which has created jobs and boosted exports.

More News

See all

June 14, 2024

[Work @ EuroCham – CROPLIFE VIETNAM] COMMUNICATIONS & STEWARDSHIP SPECIALIST

Read more

June 14, 2024

EuroCham’s Green Growth Sector Committee drives sustainability dialogue at “ESG: From Ideas to Action” workshop

Read more

June 14, 2024

EuroCham Vietnam and EU Chamber of Commerce in China shed light on China+1

Read more

June 14, 2024

EuroCham and HCMC leaders meet to drive green economy initiatives at GEFE 2024

Read more

June 14, 2024

EuroCham welcomes IMF Delegation to discuss Vietnam’s economic landscape

Read more

June 10, 2024

EuroCham attends Vietnam Sourcing Expo 2024

Read more

June 07, 2024

EuroCham Vietnam Executive Director participates in annual EBO Worldwide Network meeting in Brussels

Read more

June 07, 2024

EuroCham voices business community priorities at key economic meeting with the Ministry of Planning and Investment (MPI)

Read more

June 07, 2024

EuroCham advocates for robust personal data protection as Vietnam shapes Data Protection Law

Read more

May 31, 2024

EuroCham Sustainable Finance Sector Committee (SFSC) hosts inaugural policy Dialogue on Sustainable Trade and Trade Finance

Read more

May 31, 2024

EuroCham meeting with the Ho Chi Minh City Customs Department

Read more

May 31, 2024

Prime Minister’s Advisory Council for Administrative Procedure Reform holds training program in Hai Phong

Read more

May 31, 2024

Luncheon with EU Delegation and DG INTPA highlights sustainable development opportunities

Read more

May 30, 2024

EuroCham’s Transportation & Logistics Sector Committee speaks at Hoa Sen University’s HCMC Logistics Forum

Read more

May 30, 2024

EuroCham Vietnam’s inaugural Tall Building Forum draws industry leaders and policymakers to explore the future of urban living

Read more

May 30, 2024

EuroCham Vietnam meets EU Ambassador to ASEAN to discuss priorities in EU-ASEAN Strategic Partnership

Read more

May 30, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 29, 2024

[CORPORATE PARTNERS] BASF paves the way for young painters at WorldSkills Finals Lyon 2024

Read more

May 28, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 24, 2024

EuroCham engages in the EU-Vietnam Research & Innovation Community Meeting

Read more

May 24, 2024

EuroCham participated in a consultation on Vietnam’s Direct Power Purchase Agreement Framework

Read more

May 24, 2024

Productive Dialogue at the Law on Standards and Technical regulations Consultation

Read more

May 24, 2024

EuroCham emphasises soft skills and sustainability training at a forum organised by the Ministry of Education and Training

Read more

May 24, 2024

[Sector Committee Spotlight] Transport and Logistics Sector Committee: driving Vietnam’s progress

Read more

May 22, 2024

[CORPORATE PARTNERS] BASF expands its biomass balance portfolio for selected chemical intermediates

Read more

May 22, 2024

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

Read more

May 22, 2024

[Work @ EuroCham] CORPORATE RELATIONS cum MEMBERSHIP EXECUTIVE – based in Ho Chi Minh City

Read more

May 17, 2024

EuroCham convenes collaborative meeting with the EU Ambassador to Vietnam

Read more

May 17, 2024

Traditional Breakfast Commemorates Norwegian Constitution Day’s 210th Anniversary

Read more

May 17, 2024

EuroCham engages in Information Exchange Conference on Power Supply 2024

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