Discussions highlighted ample cooperation potential between Hung Yen and Czech firms as well as the Vietnamese business community in Europe, spanning direct investment, trade, supporting industries, education and workforce training.
Justyna Lasik, head of economic and trade section of the EU Delegation to the Philippines told reporters on the sidelines of the launch of the Geographical Indications (GI) logo, that the EU considers the FTA as a tool to promote investments and attract European investors who might not be that familiar with the Philippines.
European investments are gravitating towards emerging sectors such as clean energy, high technology and logistics, with the aim of positioning Vietnam as a regional transhipment hub.
Among 72 countries and territories investing in Vietnam over the year's first half, Sweden emerged as the third largest investor, with a total investment of 1 billion USD or 10.8% of newly registered FDI, coming after only Singapore and China.
Indonesia's Ministry of Investment and Downstreaming plans to establish an European Union (EU) desk to enhance trade cooperation with the bloc, said Minister Rosan Roeslani, who is also head of the Investment Coordinating Board (BKPM).
The EU - Vietnam Free Trade Agreement (EVFTA) has strengthened Vietnam's attractiveness for European investors, stated a survey by the European Chamber of Commerce in Vietnam (EuroCham) on July 31.
European businesses are currently the sixth largest investor in Vietnam, and they wish to further develop partnerships to move closer to the No. 1 position in the coming years.
