The confidence of European enterprises in Vietnam’s investment and business environment slipped further to 62.2 percentage points in the wake of a worsening global economic downturn but still remains strong, according to the recent Business Climate Index (BCI) survey published by the European Chamber of Commerce (EuroCham) in Vietnam.
European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh has said.
European enterprises in Vietnam welcomed the Vietnamese Government’s measures introduced in Directive 11 to support businesses during the COVID-19 pandemic, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham).
Minister of Industry and Trade Tran Tuan Anh on June 18 met with representatives from several European business associations to discuss measures to speed up the signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) as part of his working visit to the EU and Belgium.
Removing trade barriers and cutting down tariffs are the most critical measures to improve investment climate for European enterprises who want to land foreign direct investments (FDI) in Vietnam.
Six European enterprises are set to introduce green technology in Vietnam as announced at a trade promotion event held by the EU-Vietnam Business Network (EVBN) in Hanoi on November 24.
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