The European Chamber of Commerce in Vietnam ( EuroCham) launched its fifth edition of the Whitebook of Trade/Investment Issues and Recommendations (Whitebook 2013) in Ho Chi Minh City on November 30.

As in previous editions, Whitebook 2013 covers industries that the 800 member companies of EuroCham are involved in, including pharmaceuticals, consumption goods, energy, telecommunications, the automotive industry, tourism and banking.

The book reflects the major issues affecting European businesses operating in the country to the Vietnamese Government. It says that over the past year, the Government has had great success in controlling inflation. However, there remain many problems that need to be solved to attract foreign direct investment (FDI) from Europe .

The book reveals practical issues and proposals in areas of personnel training, transport delivery, information technology, pharmaceuticals, food-nutrition, and the tourism, restaurant and hotel sector.

EuroCham Executive Manager Paul Jewell said his chamber has faith in recent developments, especially the beginning of negotiations for a Free Trade Agreement (FTA) between Vietnam and the EU.

If the Vietnamese Government successfully addresses issues raised by the business community and a comprehensive FTA is reached, Vietnam will become a strong nation in the region, he said.

FDI will continue increasing in both quality and quantity as European businesses recognise Vietnam as a gateway to the ASEAN market.-VNA