A fish processing plant in Vietnam (Illustrative image. Source: VNA) The European Chamber of Commerce in Vietnam(EuroCham) revealed the positivity from a survey on Vietnam’s businessenvironment in the fourth quarter of 2016.
Nearly 73 percent of European businesses wereoptimistic about their operations in Vietnam, and only 5.5 percent werepessimistic.
Up to 90 percent of companies said they willmaintain or increase investment in the Southeast Asian country, while 56percent said they plan to keep or increase the number of employees, and a mere6.7 percent plan to reduce staff.
The European chamber has held various activitiesto encourage enterprises to invest in Vietnamese localities such as Buon MeThuot in the Central Highlands province of Dak Lak and the northern port cityof Hai Phong along with other Central Highlands provinces.
It established a branch in the central region tohelp businesses step up investment in Quang Nam, Da Nang and Thua Thien – Hue,and hopes to set up more branches in Hai Phong and other localities.
This year, the chamber will accelerate theenforcement of the EU-Vietnam Free Trade Agreement (EVFTA) and clear upconcerns raised by European firms, as well as host more dialogues betweenVietnamese government representatives, ministries and agencies with Europeancompanies.
EuroCham expects the Vietnamese government tofurther improve the business environment and increase the competitiveness ofthe economy.
The chamber will devises measures to helpbusinesses implement the EVFTA.
EuroCham’s Whitebook 2017 highlighting issuesrelevant to trade and investment in Vietnam is scheduled to be launched onMarch 2 this year.-VNA
VNA
