Vietnam Customs holds dialogue with European businesses

Deputy Prime Minister Vuong Dinh Hue (right) shakes hands with EuroCham's Chairman Jens Ruebbert at their Tuesday meeting in Ha Noi. — Photo baochinhphu.vn Deputy Prime Minister Vuong Dinh Hue met with Chairman of The European Chamber of Commerce in Vietnam (EuroCham) Jens Ruebbert yesterday to discuss bilateral trade and upcoming economic co-operation. Hue praised EuroCham’s efforts in advocating trade collaboration between Viet Nam and the European Union (EU). The Deputy PM stressed the effectiveness of EuroCham’s policy suggestions, notably in increasing business competitiveness and improving corporate legal framework. These propositions coincide with the Vietnamese government’s commitment to enhancing the business environment and national competitiveness. Namely, EuroCham published their 2017 Whitebook to detail issues affecting European businesses in Viet Nam and participated in dialogues and policy consultation with the Vietnamese government, especially during the recent biannual 2017 Vietnam Business Forum. ‘The Vietnamese government considers EuroCham the driving force behind Viet Nam – European Union trade and investment collaboration,’ said Hue. Deputy MP Hue and Ruebbert discussed issues relating to Vietnamese animal quarantine regulations, as well as rules and standards for dairy products exported to Europe, as well as pharmaceutical products and alcohol and spirits tariffs from the EU to Viet Nam in the future. The Vietnamese government plans to instruct the corresponding departments to cut customs inspections procedures by half, as well as publicise the procedures, standards and requirements for European firms as well as other foreign businesses operating in…... [read more]

Vietnam Customs holds dialogue with European businesses

At the event (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue said that policy recommendations in the EuroCham’s White Book, especially those pertaining to improving competitiveness and legal frameworks, have important value. The Vietnamese Government is determined to reform comprehensively the business environment and raise the national competitive edge, Hue stressed at his reception for Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Jens Ruebbert in Hanoi on August 29. He spoke highly of EuroCham’s efforts in boosting the economic cooperation between Vietnam and the European Union (EU), as well as in publishing the White Book 2017 and its enthusiastic involvement in dialogues and policy-making consultancy with the Vietnamese Government. He showed his delight that the EuroCham’s members are upbeat and have belief in the business and investment environment in Vietnam, suggesting the agency to listen carefully to its members’ voice and promptly convey them to the Vietnamese Government for proper responsive adjustments. EuroCham Chairman Jens Ruebbert said apart from publishing the White Book 2017, European businesses are interested in green and sustainable growth and continue building and publishing the Green Book in the coming time. EuroCham opinioned that the EU and Vietnam should soon finalize the signing work for the EU-Vietnam Free Trade Agreement (EVFTA) to be enforced and it will spare no effort to urge the EU to ratify the agreement “as soon as possible” for the interests of businesses and people, he said. …... [read more]

Green development projects in Vietnam are catching attention of foreign investors. (Photo: sggp.org.vn) Hanoi (VNA) – Green development projects in Vietnam are catching attention of foreign investors on account of the Government’s favourable policies on land, taxes and capital as well as a large number of potential customers in the country, said Duong Thanh An, Head of the Policy and Legal Affairs Department under the Vietnam Environment Administration. A survey on Japanese investment trend in Vietnam in 2017 held by the Japan External Trade Organisation (JETRO) in Vietnam revealed that at least 25 Japanese businesses have the intention to invest in improving environment quality in Vietnam, such as in waste water treatment for plants and urban areas. Other businesses said they will design warning software for storms, flash floods and tsunami. The Japanese Government has taken measures to support its enterprises’ investment in this segment in the Southeast Asian nation, including Official Development Assistance and Public Private Partnership policies. Currently, Japanese businesses are making a beeline to study investment opportunities in waste water treatment for for-export processing areas and industrial zones in Dong Nai and Binh Duong provinces and Ho Chi Minh City. Kobelco Eco-Solutions Co., Ltd has recently proposed a clean water treatment project in Dong Nai province after investing in sewage treatment systems in Loteco and Long Duc industrial parks in the locality. Meanwhile, high technology, clean and renewable energies and electrical sectors hold the attention of European businesses. …... [read more]

NDO/ VNA – Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi, on August 16, for Belgian Ambassador Jehanne Roccas, Ambassador and head of the European Union (EU) Delegation to Vietnam Bruno Angelet and Charge D’affaires of the German embassy in Vietnam Wolfgang Manig to discuss the investment promotion activities of European businesses in Vietnam. The PM spoke highly of the ties between Vietnam and the EU, in particular the ties with Germany and Belgium. The Vietnamese government always creates the most favourable conditions for domestic and foreign firms to conduct business in the country, he assured the guests. He also affirmed that Vietnam expects European investment on the back of their advanced and eco-friendly technologies, adding that he is ready to direct ministries, agencies and localities to clear any barriers facing European enterprises in Vietnam. Discussing Hamon Corporation’s desulphurisation contract at Song Hau 1 thermal power plant, Belgian Ambassador Jehanne Roccas said that Hamon wishes that the Vietnamese government and agencies would promptly push forward the deal on a mutually-beneficial basis. The host expressed his wish that the ambassador would serve as a bridge linking the two countries’ businesses together in order to learn about business environment and opportunities in Vietnam and Europe. Roccas also hoped that partnership between Hamon and Vinh Tan 1 thermal power plant would go smoothly. ... [read more]

NDO - The EU-Vietnam Free Trade Agreement (EVFTA), which is considered a comprehensive trade agreement covering a wide area of sectors and also has an equal elimination of tariffs from both sides, is anticipated to bring about benefits and opportunities for both economies in multiple ways throughout the years. According to the agreement, the EU and Vietnam has committed to further market access and the removal of over 99% of tariffs on industrial and agricultural products, in addition to zero-duty Tariff Rate Quotas on a number of goods including clothing, footwear, seafood, tropical agricultural products, furniture and others which will come from Vietnam and automobiles, machinery, equipment, beverages, medicine, and temperate agricultural products and others which will come from the EU. In addition, the two sides' commitments on services sectors go largely beyond both WTO commitments and any other FTA that Vietnam has concluded. Therefore, EU companies will have more benefits when investing and doing business in the Vietnamese market, particularly in the sectors of their strength which include finance, banking, insurance and maritime transport. Vietnam's commitments to ensure an open and transparent investment and business environment will help to boost high quality investment from the EU into Vietnam. With anticipated benefits from the agreement along with the establishment of the ASEAN Economic Community in late 2015, Vietnam will have an opportunity to become a hub of trade and investment between the EU and ASEAN countries. Furthermore, Vietnam has made commitments in regards to new areas which include government procurement,…... [read more]

Vietnam is expected to become the EU’s largest trade partner in the Association of Southeast Asian Nations (ASEAN) once the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect in 2018, according to Minister of Industry and Trade Tran Tuan Anh. Dragon fruits are packaged at the Cat Tuong agricultural products produciton and processing Co. Ltd in Tien Giang province The minister said Vietnam could also become the most promising destination in Southeast Asia for European businesses. According to the Ministry of Industry and Trade (MoIT), the country may serve as an entry point for EU trade to ASEAN. Once effective, the EVFTA will encourage investment from the EU into Vietnam and create opportunities for the two sides to access each other’s market, the ministry said. The EU will eliminate about 85.6 percent of tax lines on Vietnam’s exports, with the rate increasing to 99 percent seven years later. Meanwhile, Vietnam will liberalise 65 percent of import duties on EU exports. In another 10 years, about 99.8 percent of EU goods exported to Vietnam will enjoy a zero percent tax rate. Statistics released by the MoIT show that the Vietnam-EU trade grew by 8.93 percent in 2016 compared with the previous year to reach 45.07 billion USD. Bilateral trade expanded by 16.2 percent year-on-year in the first five months of 2017. Of the figure, Vietnam’s exports to the EU rose 4.2 percent, mostly apparel, footwear, agro-forestry-aquatic products and computers, while its imports from the EU rose 14 percent, including machinery, equipment,…... [read more]

Dragon fruits are packaged at the Cat Tuong agricultural products produciton and processing Co. Ltd in Tien Giang province (Photo: VNA) Hanoi (VNA) – Vietnam is expected to become the EU’s largest trade partner in the Association of Southeast Asian Nations (ASEAN) once the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect in 2018, according to Minister of Industry and Trade Tran Tuan Anh. The minister said Vietnam could also become the most promising destination in Southeast Asia for European businesses. According to the Ministry of Industry and Trade (MoIT), the country may serve as an entry point for EU trade to ASEAN. Once effective, the EVFTA will encourage investment from the EU into Vietnam and create opportunities for the two sides to access each other’s market, the ministry said. The EU will eliminate about 85.6 percent of tax lines on Vietnam’s exports, with the rate increasing to 99 percent seven years later. Meanwhile, Vietnam will liberalise 65 percent of import duties on EU exports. In another 10 years, about 99.8 percent of EU goods exported to Vietnam will enjoy a zero percent tax rate. Statistics released by the MoIT show that the Vietnam-EU trade grew by 8.93 percent in 2016 compared with the previous year to reach 45.07 billion USD. Bilateral trade expanded by 16.2 percent year-on-year in the first five months of 2017. Of the figure, Vietnam’s exports to the EU rose…... [read more]

Mr Trong told the Vietnam News Agency prior to his departure that various meetings, exchanges and trade and investment promotion activities will be held between a number of Vietnamese and European businesses during the visits. He said that Vietnam and the four European countries have specific potential and strengths that can complement and support each other. The European nations have strengths in the high-technology industries, such as shipbuilding, oil and gas, mechanical engineering, chemicals, pharmaceuticals, agriculture, biotechnology, education and health care. Meanwhile, with a population of more than 80 million and a dynamic economy, Vietnam is a big market and an attractive destination for European investors.During the tour, the Vietnamese legislative body and those of the four European countries will discuss measures to increase exchanges and cooperation and also share experiences in devising and applying legislation. Many agreements to expand cooperation in legislative affairs will be signed between the concerned nations. According to Mr Trong, his European tour is to further implement the Party and the State’s foreign policy of independence, self-reliance and openness as well as diversification and multilateralisation of international relations for the sake of peace, cooperation and development in the region and the rest of the world. The tour is a good chance for all parties to discuss measures to boost ties, particularly in legislation, at a time when Vietnam National Assembly was recently elected to the management board of the Inter-Parliamentary Union that boasts more than 150 members, including Hungary, Romania, Bulgaria and France.Vietnam established diplomatic…... [read more]

The conference on the theme of “European Green Business Solutions for Vietnam” (Green Biz 2009) will be jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce (EuroCham). The conference is an important European initiative to discuss current challenges to Vietnam in energy and water supplies, transport and civil engineering, and mitigate adverse effects on the environment while maintaining sustainable development, said EuroCham President Alain Cany at a press conference on Sept. 10. Citing Vietnam as one of the five countries to suffer the most from climate change, Cany said that the conference is a chance for European businesses to share their expertise and consult with the Vietnamese government and its business community. Hubert Colaris, Commercial Counselor and Head of the French Embassy’s Economic Mission to Vietnam, spoke highly of the Vietnamese government’s efforts and determination to deal with environmental issues, which, he said, still pose a big threat to the country’s development. In his opinion, Green Biz is a suitable forum to discuss Vietnam’s sustainable development and provides a good chance to set up partnerships and consolidate ties between Vietnamese and French enterprises. Seven discussions to be held during the two-day conference will touch upon the development of green business in Vietnam, including investment in clean energies, the effective use of energy, the management of sustainable water sources and corporate social responsibilities. An exhibition on the same theme will be held concurrently with the conference. According to the organising board, more than…... [read more]

The conference was part of the “Germany Year in Vietnam” to mark the 35th anniversary of the establishment of diplomatic ties between the two countries. It aimed to enhance bilateral economic ties, said German Ambassador to Vietnam Rolf Schulze. Schulze read out a statement from former German Chancellor Gerhard Schroeder, who had planned to chair the conference but could not attend due to the volcanic eruption in Iceland. Schroeder said in his statement that Vietnam is an ideal and important partner for Germany, who has strengths that can assist Vietnam to modernise its infrastructure, protect its environment, use alternative energies and upgrade its healthcare sector. The Minister of Trade and Industry, Vu Huy Hoang, welcomed the initiative by German businesses to hold such a conference, saying that both parties can help each other to overcome future difficulties and challenges. Minister Hoang briefed the conference on Vietnam’s economy and highlighted Germany’s links with Vietnam in investment, trade and ODA projects. Several representatives from the municipal People’s Committee, Siemens AG, EuroCham and the Metro Group stressed on the need to use effective, clean and alternative energies and models of sustainable production to overcome global climate change. They also discussed the business prospects for German and European companies in Vietnam, particularly in climate change and energy. German and other European businesses are expected to seek opportunities to cooperate with Vietnam and want to help Vietnam deal with climate change.... [read more]


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