March 22, 2024

EuroCham keeps up the momentum at the 2024 Vietnam Business Forum

On 19 March, the annual Vietnam Business Forum (VBF), themed “Pioneer FDI enterprises implementing the Green Growth Strategy” took place in Hanoi. The event saw attendance from Prime Minister Pham Minh Chinh, Minister of Planning and Investment Nguyen Chi Dung, ministerial representatives, diplomatic missions, international organizations, business associations, FDI enterprises, and economic experts.

 

 

 

Pictured above: Prime Minister Chinh, Minister of Planning & Investment Dung, and representatives of the business community, including EuroCham Chairman Gabor Fluit, Vice-Chairman Minh Nguyen and Board Member Søren Pedersen.

 

The VBF fosters ongoing dialogue between the Vietnamese government and the business sector to improve the business environment, stimulate private sector growth, and support sustainable development.

 

At the forum, EuroCham Vietnam Chairman Gabor Fluit articulated the European business community’s ongoing challenges when operating in Vietnam and recommendations for resolving them. 

 

 

Pictured above: EuroCham Chairman Gabor Fluit speaking at the VBF, with Board Member Søren Pedersen sitting to the right. Photo credit to Mekong ASEAN.

 

Key recommendations from EuroCham included:

  • Green Growth Strategies: Emphasis on waste management, public awareness, and innovations against plastic pollution. Initiatives proposed include targeted tax incentives for green practices and recycling plastic in road construction to foster a circular economy.
  • Green Energy Transition: Addressing the slowdown due to procedural ambiguities, infrastructure challenges, and financing shortages. 
  • Extended Producer Responsibility (EPR): Advocating for a two-year, penalty-free phase-in period from 2024 to ensure a balance between economic growth and environmental sustainability without overwhelming businesses.
  • Vietnam Environment Protection Fund Transparency: Calling for open disclosure of fund allocations to ensure accountability and environmental protection.
  • Pharma Law Revision for 2024: Highlighting the challenges faced by pharmaceutical sector members under the foreign-invested enterprise (FIE) model.
  • Tender Law Guidance: The urgent need for guidance on implementing the “self-pay channel” in public hospitals for better healthcare outcomes.
  • Medical Device Import Licenses: Addressing the backlog and upcoming expirations to avoid healthcare delivery disruptions.
  • Tax Policy Consistency: Adherence to the EU-Vietnam Free Trade Agreement principles with suggestions for a hybrid Special Consumption Tax system for wine and spirits, and a freeze on SCT hikes until 2027.
  • Visa Policy Enhancements: Proposals to extend visa exemptions and introduce special visas for broader international engagement.

 

Click here to read Mr. Fluit’s full speech. 

 

Our Board Member and Vice-Chair of the Green Growth Sector Committee, Stuart Livesey, also made an insightful speech at the event. 

 

 

In his address, Mr. Livesey focused on:

  • The findings of an impactful Vietnam Business Forum ESG survey, co-organized with EuroCham’s Green Growth Sector Committee and other allied chambers.
  • The necessity of embedding ESG principles into business strategies, reflecting the global shift towards sustainable and responsible governance

 

Key survey insights highlighted:

  • Financial Commitment to ESG: Over 50% of companies have earmarked budgets for ESG initiatives, underscoring a serious commitment to sustainable growth.
  • Confidence in Vietnam’s Green Future: Just 1/4 of businesses are confident in Vietnam’s dedication to sustainable and green development. Half believe government strategies offer limited to moderate support for meeting their sustainability objectives.

 

We encourage you to read the full report!  Click here to read it in English, or here to read it in Vietnamese.

 

Vice-Chairman Dominik Meichle, speaking on behalf of Bosch Vietnam, EuroCham’s Gold-level Corporate Partner, underscored Bosch’s role as a leading investor in Vietnam, committed to working with the government on human capital development, combating counterfeit products, streamlining permissions and licenses, and improving regulatory frameworks.

 

 

A speech delivered by Dutch Business Association Vietnam Chairman Alexander Koch on behalf of Heineken Vietnam, a Gold-level Corporate Partner of EuroCham. He shared insights on adopting green growth practices, demonstrating how sustainable strategies can be woven into business operations to support Vietnam’s green growth goals.

 

During his comments, Prime Minister Pham Minh Chinh commended the FDI community for its role in overcoming challenges and committed to supporting economic and green growth. He emphasized a collaborative spirit, promising a conducive business environment, development breakthroughs, and enhanced cooperation with investors. 

 

Minister of Planning and Investment Nguyen Chi Dung spoke about the VBF’s significance against the backdrop of the foreign-invested sector’s growing influence on the national economy. Acknowledging green growth as vital for Vietnam’s future, the minister reiterated the government’s commitment to economic restructuring and innovation, aiming for a carbon-neutral economy.

 

On top of that, our organization received an award from Minister Nguyen Chi Dung for our exceptional contributions to facilitating FDI in Vietnam.

 

Vice-Chairs Jean-Jacques Bouflet and Torben Minko, along with Board Members Søren Pedersen and Tri Mai Hoang, were also on hand to represent EuroCham.

 

Click here to access more info and documents from the VBF, including the event’s report, which contains our EuroCham position paper.

 

Our sincere thanks to the Vietnam Business Forum, the Prime Minister and the Ministry of Planning and Investment for another highly productive VBF. We are already anticipating the 2025 VBF and cannot wait to see what progress is made toward improving Vietnam’s business environment between now and then.

Tin tức khác

Xem tất cả

May 24, 2024

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

Đọc thêm

May 24, 2024

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

Đọc thêm

May 24, 2024

Productive Dialogue at the Law on Standards and Technical regulations Consultation

Đọc thêm

May 24, 2024

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

Đọc thêm

May 24, 2024

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

Đọc thêm

May 22, 2024

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

Đọc thêm

May 22, 2024

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

Đọc thêm

May 22, 2024

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

Đọc thêm

May 17, 2024

EuroCham convenes collaborative meeting with the EU Ambassador to Vietnam

Đọc thêm

May 17, 2024

Traditional Breakfast Commemorates Norwegian Constitution Day’s 210th Anniversary

Đọc thêm

May 17, 2024

EuroCham engages in Information Exchange Conference on Power Supply 2024

Đọc thêm

May 17, 2024

Welcoming New Members to the EuroCham Family!

Đọc thêm

May 17, 2024

EuroCham celebrates Europe Day in Ho Chi Minh City

Đọc thêm

May 17, 2024

EuroCham to further enhance Green Synergies with the Global Green Growth Institute (GGGI)

Đọc thêm

May 10, 2024

EuroCham congratulates VCCI on the successful launch of the 2023 Provincial Competitiveness Index (PCI) & Provincial Green Index (PGI)

Đọc thêm

May 10, 2024

EuroCham continues to engage in administrative reform dialogue with the Prime Minister’s Taskforce on Administrative Procedure Reform

Đọc thêm

May 10, 2024

EuroCham Vietnam celebrates European unity on Europe Day

Đọc thêm

May 03, 2024

[Sector Committee Spotlight] Nutritional Foods Group (NFG) Sector Committee

Đọc thêm

May 02, 2024

[CORPORATE PARTNERS] Nestlé Vietnam promotes initiatives on emission reduction

Đọc thêm

April 29, 2024

[Event Recap] EuroCham and PwC Vietnam’s business luncheon on “CSRD and Its Impacts on Businesses in Vietnam”

Đọc thêm

April 26, 2024

ASEAN Future Forum envisions sustainable, people-centered growth

Đọc thêm

April 26, 2024

EuroCham leaders meet with EU’s Asia-Oceania Working Party

Đọc thêm

April 26, 2024

EuroCham Vietnam Board Member Stuart Livesey joins VBF leadership for 2024

Đọc thêm

April 26, 2024

EuroCham Vietnam engages in discussions on rooftop solar energy and DPPA mechanism

Đọc thêm

April 26, 2024

[CORPORATE PARTNERS] Deutsches Haus Ho Chi Minh City achieves Second LEED Platinum Certifications for Operation and Maintenance as first Building in Vietnam and South East Asia

Đọc thêm

April 25, 2024

EuroCham delegation holds strategic meetings with national authorities

Đọc thêm

April 19, 2024

[CORPORATE PARTNERS] BASF to showcase sustainable additive solutions at CHINAPLAS 2024

Đọc thêm

April 19, 2024

[Event recap] EuroCham’s Tourism & Hospitality Sector Committee’s “Travel Together” event emphasizes collaboration for a sustainable tourism future

Đọc thêm

April 19, 2024

EuroCham’s Construction Sector Committee and the Ministry of Construction’s International Cooperation Department forge stronger ties

Đọc thêm

April 19, 2024

EuroCham meets with the Electricity Regulatory Authority of Vietnam to discuss renewable energy policies

Đọc thêm

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Đối tác Bạch kim

Đối tác cao cấp vàng

Đối tác vàng

Đối tác Bạc

Đối tác dịch vụ cao cấp