January 12, 2017

The Future of Vietnam’s Business Potential and its Place in the Global Market in Focus at EuroCham Event

On 11th January 2017, in Hanoi – the European Chamber of Commerce in Vietnam (EuroCham) – in collaboration with the EU-Vietnam Business Network (EVBN) and the Central Institute for Economic Management (CIEM), under the Ministry of Planning and Investment – kicked off the year with the forum Vietnam Towards the Enhancement of Competitiveness and Attractiveness in Hanoi.
 
At this event, experts and business leaders of CIEM and EuroCham exchanged ideas on how to improve the business environment of Vietnam. The discussions built on the recent Resolutions 19 and 35, issued by the Vietnamese Government, with the aim to ease investment practices and encourage a more dynamic business environment, as well as to support national and foreign enterprises in their operations

 
Throughout 2016, EuroCham Vietnam and CIEM have put efforts to better understand the interests of the European business community and the Vietnames Government, while maintaining an exchange on how the application of the resolutions and the business policy strategy of the Government fit the expectations of foreign investors and businesses. 

This Workshop by was chaired  by EuroCham Chairman Mr. Michael Behrens, and opened by a speech from CIEM's Vice President Mr. Phan Duc Hieu, dedicated to the Institute's viewpoints on policy-making. Mr. Hieu also highlighted the cooperation between CIEM and EuroCham, while referring to the baseline ideas of the Government towards improving the business environment in 2017. Following Mr. Hieu speech, CIEM's Head of Business Environment and Competitiveness Ms. Nguyen Minh Thao highlighted Vietnam's progress three years after the implementation the Resolution 19, and the country's 9-place leap to number 82 out of 190 countries in the World Bank's annual Ease of Doing Business Index 2016. CIEM also announced that the draft Resolution 19 for 2017 will be submitted next week.

 

At the conference, the European business community expressed great expectations and took the opportunity to discuss its recommendations to enhance the competitiveness of Vietnam in the coming years. According to Mr. Bradley Silcox, Chairman of EuroCham's Pharma Group, by leveraging the advantages of the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam can become an ASEAN hub for the pharmaceutical industry. Mr. Silcox also expressed the industry's expectations that Vietnam may continue to progress in terms os quality access to medicines, investment facilitation, and IPR protection.  

After Pharma Group's presentation, Mr. Antoine Logeay, Vice President of the EuroCham Legal Sector Committee, delivered his presentation, focusing on the regulatory landscape of business licensing, the need for an harmononious interpretation among provinces regarding the 2014 Law on Enterprises, in addition to to other foreign-investment related topics. 

The next speaker, Ms. Do Thu Thuy, member of the EuroCham Transportation and Logistics Sector Committee, discussed the difficulties of EU enterprises regarding the exclusion of some import/export procedures from the National Single Window, and discussed the group's recommendations for a better functioning of this mechanism.

Ms. Miriam Garcia Ferrer, Head of Trade Section of EU Delegation to Vietnam, also discussed the role of the European business community in Vietnam from the perspective of sustainable development and competitiveness. The EVFTA will be officially launched in 2018, and Ms. Ferrer stressed the advantages of the deal for both sides, and the opportunity for Vietnam to become both a hub for EU companies in ASEAN, and to boost its own economy with the facilities that the EVFTA grants the country when accessing the EU market. 

In the event's closing moments, CIEM officials expressed their willingness to further cooperate with EuroCham on issues related to the implementation of laws and regulations of the EVFTA which are most relevant to Vietnam. EuroCham is committed to update the information and support the Vietnamese Government in the preparation for the effective application of the agreement, expected to take effect in 2018.

More photos https://www.eurochamvn.org/node/16267 

Media Coverage:

 

More News

See all

December 01, 2023

EuroCham’s IQMED-G&B and Vietnam Drug Administration examine challenges in drug registration for improved healthcare in Vietnam

Read more

December 01, 2023

BeLuxCham ESG Conference 2023: celebrating collaboration and sustainability

Read more

November 30, 2023

2023 Vietnam – EU Trade Forum: a step forward in sustainable development and future value chains

Read more

November 30, 2023

[Supported] Air France celebrates 90 years of elegance

Read more

November 24, 2023

EuroCham Intellectual Property Rights Sector Committee meets Supreme Court to discuss Intellectual Property Rights Enforcement

Read more

November 24, 2023

Exploring collaboration: Binh Duong’s potential for hosting GEFE 2024

Read more

November 24, 2023

EuroCham Vietnam shared at a Customs-Business Dialogue Conference 2023

Read more

November 21, 2023

[CORPORATE PARTNER] BASF and Teamplas give waste a second life

Read more

November 19, 2023

EuroCham Vietnam Gala Dinner and Business Awards 2023: Commemorating a quarter century of championing Europe-Vietnam trade and investment ties

Read more

November 17, 2023

[Work @ EuroCham] Green Growth Sector Committee Intern – based in Ho Chi Minh

Read more

November 17, 2023

[Work @ EuroCham] PHARMA GROUP COMMUNICATIONS INTERN – based in Ho Chi Minh

Read more

November 17, 2023

Charting a green future: highlights from the 2023 Mekong Connect Forum in Ho Chi Minh City

Read more

November 17, 2023

EuroCham honored at VIR’s Sustainable Development Conference for outstanding contributions

Read more

November 17, 2023

[Sector Committee Spotlight] The Tourism & Hospitality Sector Committee (THSC)

Read more

November 17, 2023

Forging sustainable partnerships: FrieslandCampina Vietnam’s innovative collaboration for enhanced recycling and environmental stewardship

Read more

November 10, 2023

EuroCham addresses attendees at AmCham’s green transition conference

Read more

November 10, 2023

Vietnam-EU Economic Forum: charting a sustainable future through green initiatives and trade partnerships

Read more

November 10, 2023

[Recap Event] Future of work explored at EuroCham-JLL Vietnam business luncheon

Read more

November 03, 2023

EuroCham’s field trip unveils investment potential in Ha Nam Province

Read more

November 03, 2023

Global leaders and innovators convene in Hanoi, championing Vietnam’s sustainable future

Read more

November 03, 2023

[Work @ EuroCham] Sector Committee Intern – based in Ho Chi Minh

Read more

October 27, 2023

EuroCham presents on EU business opportunities at Quang Ngai investment promotion conference

Read more

October 27, 2023

[CORPORATE SUPPORT] EIS Friday School Tours

Read more

October 27, 2023

Advancing global medical standards: EuroCham’s Medical Devices and Diagnostics Sector Committee (MDDSC)

Read more

October 20, 2023

EuroCham hosts a meeting with EU Member State trade counselors and the EU Delegation

Read more

October 20, 2023

EuroCham Medical Devices & Diagnostics Sector Committee works on advancing value-based healthcare in Vietnam

Read more

October 20, 2023

[Recap Event] EuroCham Women in Business spotlights women in STEM at an insightful Business Luncheon

Read more

October 19, 2023

EuroCham Vice-Chairman Torben Minko addresses Prime Minister on Vietnam’s green transition at FDI business conference

Read more

October 19, 2023

EuroCham spoke at the second annual meeting of the government’s Steering Committee for Administrative Reform

Read more

October 17, 2023

[Recap Event] Workshop: Disseminate Decree 70/2023/ND-CP On Work Permits

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