Pictured L to R: Prime Minister Pham Minh Chinh, Vice-Chair Minh Nguyen and Vice-Chair Torben Minko.
During the past week, EuroCham has been exceptionally active on the advocacy front, meeting with Prime Minister Pham Minh Chinh three times. The showcase event of the week was a four-hour meeting on Saturday, 17 September, in which PM Chinh met with foreign chambers and foreign business leaders to discuss the challenges they face and to propose solutions.
EuroCham Vice-Chairs Torben Minko (B. Braun) and Minh Nguyen (Mazars) were there with foreign-invested EuroCham members Bosch, CMA CGM, HSBC, and Orsted, and a handful of foreign business associations and FDI firms.
Vice-Chair Torben Minko said that “Geopolitical conflicts and the policies of neighboring countries present Vietnam with an opportunity to achieve a breakthrough. For this, Vietnam needs to open stronger and more aggressively to impress high-quality investors and secure a top position in the global supply chain. European investors are, and will continue to be, committed to working with Vietnam towards this end.”
To attract high-quality investment, he emphasized the importance of green infrastructure, stable public investment policies, efficient government management and a reduction in bureaucracy, particularly in the health sector.
PM Chinh pledged to establish a safe and transparent investment environment for foreign companies and encouraged them to maintain faith in Vietnam while doing business here. He added that to transform Vietnam into a regional and global value chain hub, foreign-invested enterprises should strengthen linkages and create favorable conditions for their Vietnamese counterparts. To conclude, the PM requested that the Ministry of Planning and Investment (MPI) confer with attendees, relevant ministries and agencies to finalize and promulgate his directive on boosting foreign investment.
Minister of Planning and Investment Nguyen Chi Dung said Vietnam would further improve its business environment and streamline administrative procedures to attract foreign investors.
Pictured: (1) PM Pham Minh Chinh, Chairman Alain Cany and Vice-Chair Minh Nguyen, (2) Chairman Alain Cany and State Bank of Vietnam Governor Nguyen Thi Hong, (3) Minister of Planning and Investment Nguyen Chi Dung, Chairman Alain Cany and Vice-Chair Minh Nguyen.
EuroCham Chairman Alain Cany and Vice-Chairman Minh Nguyen also attended a conference with Prime Minister Chinh and high-level Vietnamese officials on Monday, 12 September. Macroeconomic stability and inflation control were the subjects of the conference.
EuroCham and AmCham, the only two foreign business associations present, attended the conference along with development agencies, international organizations, and FDI firms.
While at the conference, Chairman Alain Cany presented EuroCham’s recommendations for boosting tourism to Vietnam, stabilizing the economy, and promoting green development.
Prime Minister Chinh instructed government leaders to urgently strengthen the inter-sectoral Steering Committee for Macroeconomic Management, implement administrative reforms, streamline administrative processes, and cultivate high-quality workers.
At the conference, Chairman Alain Cany and Vice-Chairman Minh Nguyen met and spoke with the following high-level officials:
- Prime Minister Pham Minh Chinh
- Minister of Construction Nguyen Thanh Nghi
- Minister of Finance Ho Duc Phoc
- Minister of Planning and Investment Nguyen Chi Dung
- State Bank of Vietnam Governor Nguyen Thi Hong
- Deputy Minister of Industry and Trade Tran Quoc Khanh
During a conversation between Chairman Alain Cany, Vice-Chair Minh Nguyen and Prime Minister Chinh, the PM reaffirmed his intention to attend GEFE 2022.