Ho Chi Minh City always considers the European Union (EU) its top partner, especially after Vietnam and the union declared to conclude negotiations on their free trade agreement (FTA) last August.
HCM City (VNA) - Ho Chi Minh City always considers the European Union (EU) its top partner, especially after Vietnam and the union declared t♌o conclude negotiations on their free trade agreement (FTA) last August, Vice Chairman of the municipal People’s Committee Le ThanhLiem has said.
Meeting with representatives fromthe European Chamber of Commerce in Vietnam (EuroCham)on November 3, Liem affirmed that his city pioneers in fostering collaboration with the EU in all fields, especially economy, adding that the local authorities are working to create the most favourable conditions for the foreign business community, including European companies, to operate in the city.
The municipal authorities and relevant agencies have taken a series of measures to support and resolve difficulties facing domestic and foreign businesses, he noted.
Chairwoman of EuroCham Nicola Connolly described the meeting as a chance for European enterprises toask forthe city government’s more assistancefor their operation in the locality.
Through the event, the European business community was provided with updated information related to the city’s economic and socio-cultural policies, thus seeking future investment and business opportunities in the city and inVietnam in general.
According to the municipal Department of Planning and Investment, Vietnam joined 10 bilateral and multilateral free trade agreements, and completed negotiations on FTAs with some partners, including the EU, and most recently the Trans-Pacific Partnership (TPP) agreement.
As of October this year, the EU had operated 656 investment projects worth 4.3 billion USD in Ho Chi Minh City. Two-way trade hit around 6 billion USD in 2014 and is expected to continue increasing in the coming time.-VNA
The European Chamber of Commerce (EuroCham) in Vietnam on January 22 announced the Business Climate Index (BCI) for the fourth quarter of 2014, showing business confidence, prospects and expectations improved significantly.
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The free trade agreement being negotiated between Vietnam and the EU is expected to encourage businesses to reform and update technology, an important factor in promoting green growth in the country, according to the deputy chairman of the HCM City People's Committee.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA)
